Top Crypto Gainers Today on DEXScreener – PE, PEPE, BENCH
On mixed day in crypto markets that saw Bitcoin (BTC) perform well after softer-than-expected US economic data, but most other major altcoins struggle, traders hunting for top crypto gainers today turned to tools like DEXScreener to find big movers in the on-chain markets.
US ISM Manufacturing PMI came in below expectations, bolstering bets that the Fed will start cutting in September.
The US manufacturing sector contracted further in May, with the ISM manufacturing PMI falling to 48.7, indicating a faster pace of contraction compared to the previous month. The decline was driven by a significant drop in new orders, which fell by 3.7 points to 45.4, the largest… pic.twitter.com/nuuAkdAhRC
— James E. Thorne (@DrJStrategy) June 3, 2024
That helped Bitcoin push momentarily above $70,000, though it was last trading near $69,000.
Ethereum (ETH), meanwhile, was flat in the $3,700s, while the likes of SOL, BNB, DOGE and ADA were 2-4% up.
When blue chip cryptocurrency markets are subdued like this, traders often turn to the illiquid and volatile on-chain markets.
On-chain markets refer to the market for crypto token that are issued and traded directly on blockchains like Ethereum.
There is almost no barrier to issuing a new token. So new tokens are popping up almost everyday and most are either scams or pump and dumps.
In the end, almost no newly launched crypto tokens end up holding any long-term value.
With that in mind, here are some top crypto gainers today that will be getting a lot of attention.
A just launched new meme coin called Pe Coin (PE), which features a one-eyed version of Pepe, is pumping hard.
https://twitter.com/pecoinETH/status/1797709288539816170
The new Ethereum meme coin is up over 21,500% since launch, as per
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