Biggest Crypto Gainers Today on DEXTools – SPURDO, FOOM, FRENS
Major cryptocurrencies are trading with a modestly positive bias on Monday, with the likes of Bitcoin (BTC) up close to 1% in the last 24 hours, and Ether (ETH) slightly in the green, with both still stuck within recent ranges.
Volatility levels remain stuck at historic lows, with Bitcoin near $29,500 and Ether still close to $1,850, as markets await more clarity on themes such as US regulation and spot Bitcoin ETF approvals.
The macro landscape probably won’t provide much by way of catalysts this week, with Tuesday’s US Retail Sales data and Wednesday’s FOMC Minutes release unlikely to change narratives that the US economy remains robust and that the Fed’s aggressive tightening cycle is likely now down, with a few rate cuts coming next year.
Whilst the broader market remains quiet, illiquid meme coin/shitcoin markets remain volatile, as usual.
Here are some of the best performers, as per DEXTools.
A shitcoin called spurdo (SPURDO) that was launched on Sunday has continued pumping into Monday.
Last just above $0.00000005, SPURDO has a market cap of around $3.75 million, with over $3 million in trading volumes in the past 24 hours and over 1,150 holders.
The shitcoin is up a stunning 2,000x versus its Sunday Decentralized Exchange (DEX) launch price of $0.000000000025.
DEXTools’ GoPlus token contract security audit has revealed two alerts (potential limits on transaction numbers and a potential trading cooldown) and the token has a 1% buy and sell tax.
Liquidity, at just over $210,000, isn’t locked, meaning rug pull risks remain.
A shitcoin called FOOM is up 300% on Monday, making it one of the best performers in the shitcoin market.
FOOM has been around now for a while, and is up more than 600% from its earlier monthly lows in the
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