Top Crypto Gainers Today on DEXScreener – FELON, YIELD, BOOB
As blue-chip cryptos stabilize following a tumble earlier this week, with Bitcoin (BTC) consolidating below $60,000, traders are turning to the on-chain markets as they hunt for top crypto gainers today.
Bitcoin was last trading close to $59,000 as traders digest recent macro developments. Negative ETF flows are also on the radar after BlackRock’s IBIT saw its first outflows since its January launch.
Yesterday's ETF flows were extremely negative.
We had $563.7 million of outflows.$GBTC had $167.4 million, Fidelity $191.1 million, Ark $98.1 million
Blackrock had its first negative day with $36.9 million.
After the price went down from $61k to $56k this isn't a surprise… pic.twitter.com/cwBR8epxvF
— WhalePanda (@WhalePanda) May 2, 2024
Meanwhile, most major altcoins are also consolidating in wake of recent sell pressure.
Downbeat conditions in the blue-chip market is encouraging traders turn to the volatile, unpredictable on-chain markets.
On-chain markets refer to the market for assets that were issued and trade directly on the blockchain.
Dozens of new tokens are launched every single day. Most are pump-and-dump schemes or scams. But there are some gems to be uncovered, that could hand an early investor quick 10 or even 100x gains.
Traders often refer to tools like DEXScreener to locate trending and pumping coins.
That being said, here are some of the top crypto gainers today on Ethereum, as per DEXScreener.
A just-launched shitcoin called Crypto Felon (FELON) has seen a huge 72,000% pump since its launch.
That’s according to DEXScreener, which puts its market cap at $2.2 million. The token also has $170,000 in locked liquidity.
Somewhat surprisingly given the token is literally called Crypto Felon, it only has one smart contract
Read more on cryptonews.com
