Top Crypto Gainers Today on DEXTools – DxFund, CDY, XPAY

cryptonews.com:

While blue-chip cryptocurrencies continue to carve a path to fresh multi-year highs as the bulls remain very much in control, crypto degens looking for even faster gains continue to scour DEXTools for top crypto gainers today.

BTC pumped towards $53,000 on Thursday on continued optimism surrounding strong spot ETF flows.

It was last trading just under $52,000.

ETH also appears to be benefitting from ETF optimism, ahead of expected approval of spot Ether ETFs later this year.

ETH/USD rallied above $2,800 for the first time since May 2022 on Thursday.

Also aiding the rally in major cryptos is a recovery in US stocks back towards record highs.

Softer-than-expected US retail sales data for January released on Thursday eased concerns about the Fed delaying rate cuts.

This appears to have supported risk appetite in the stock and crypto market.

While bullish momentum in the blue-chip crypto market looks set to remain strong, micro-cap tokens in the shitcoin market are seeing far greater gains.

Thanks to their tiny market caps and low liquidity, shitcoins/new meme coins frequently experience exponential gains in very short time periods.

The volatility of the shitcoin market thus attracts a lot of crypto degens hunting fast 10x gains.

Here are some of the top crypto gainers today on the Ethereum blockchain, as per DEXTools.

A shitcoin called DxFund ($DxFund) has suddenly pumped up over 16,500% on Thursday as per DEXTools.

The latest pump, which has seemingly come out of nowhere, has taken its market cap to just under $2 million.

Traders should beware that the latest pump has been driven by shallow 24-hour trading volumes of only around $290,000.

$DxFund has around $340,000 in liquidity and 259 holders and no concerning aspects to its smart