Elon Musk Crypto ($MUSK) is Uniswap's Biggest Gainer Today - But Has a Blacklist Function
The biggest crypto gainer today on Uniswap is Elon Musk (MUSK), but has some red flags - according to DEXTools the new meme token has a blacklist function in its smart contracts.
At the time of writing $MUSK is up almost 30,000% - large percentage gains within the space of just a few hours are often due to low liquidity, rather than real buying volume and demand.
The Elon Musk crypto crypto asset was listed on Uniswap on July 1st, has approximately $130k in liquidity and a 24 hour volume of $70k. Its market cap is $1.2 million, with 180 holders and a DEXTscore of 86/99.
Past rugpulls - such as PepeHUB last week - have had a blacklist function, in which certain wallet addresses are unable to trade normally.
For example certain holders may not be able to sell, potentially explaining how the $MUSK price keeps rising and why $MUSK token ranks among the top crypto gainers today.
MUSK coin is not yet listed on CoinMarketCap, although other unrelated Elon Musk (MUSK) assets are - which also emerged to be scams.
The token description on DEXTools for $MUSK coin reads:
"$MUSK - Risk-taking and imagination are keys to success Take a chance or regret it!"
Long-time proponent of Bitcoin, Dogecoin and cryptocurrency in general, Elon Musk has not mentioned the $MUSK token.
One new meme coin we've recently reviewed here at CryptoNews, which Elon Musk has engaged with - at least replying to its memes on Twitter - is Wall Street Memes (WSM).
While it's unclear if Elon Musk is aware of the $WSM token and its upcoming launch on Uniswap, he has replied to the @wallstmemes account on Twitter three times.
Read our full Wall Street Memes project review here.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational
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