While blue-chip cryptocurrency markets are choppy on Tuesday as US market participants return from a long weekend, the biggest crypto gainers today on Uniswap are $BABY, $MONKEYS and $SMILEY.
Small-cap cryptocurrencies almost always take the mantle for the biggest crypto gainers each day.
That’s because their low level of liquidity means that relatively small buy pressure can easily result in fast exponential gains.
As the broader crypto market attempts to pick up following the recent bearish “sell-the-fact” reaction to spot Bitcoin ETF approval last week, traders are turning to these low-cap markets for opportunities.
Here are some of the biggest crypto gainers today on decentralized exchange (DEX) Uniswap.
A meme coin called Dancing Baby ($BABY) that launched last October but never really caught on has exploded into life.
As per Uniswap, $BABY is up over 4,400% on Monday, making it one of the biggest crypto gainers today.
According to DEXTools, the token’s market cap was last just over $900,000, with around $130,000 in locked liquidity.
Given it’s been around a little while now, $BABY probably isn’t a scam, but investors should be cautious nonetheless.
Another meme coin called Monkeys ($MONKEYS) has seen an impressive 850% pump on Tuesday, making it one of the biggest crypto gainers today on Uniswap.
As per DEXTools, the token has a market cap of around $2.25 million and locked liquidity of around $275,000.
It also has over 3,000 holders.
But it does have three concerning aspects to its smart contract, as per DEXTools’ security audit.
Another shitcoin called Smiley ($SMILEY) has pumped up 800% in 24 hours as per Uniswap.
The token’s market cap was last around $14 million, with $2.5 million in partially locked liquidity and
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