Top Crypto Gainers Today on DEXTools – OrangePEPE, FGPU, ClosedAI
As Bitcoin (BTC) and Ether (ETH) tease a retest of recent highs amid volatility in US regional bank stock prices on crisis jitters, traders looking for top crypto gainers today and flocking to the on-chain shitcoin markets to secure big gains.
The rally in Bitcoin tripped up on Tuesday in wake of the cryptocurrency printing fresh highs above $69,000.
A surge of profit-taking seemingly caught the market off guard, triggering a stop run on leveraged bullish BTC positions that drove the BTC price all the way back towards $60,000 within a few hours of all-time highs being hit.
Bitcoin has since recovered back to the $67,000 area amid jitters in the US regional banking sector.
BREAKING: New York Community Bank stock, $NYCB, rises 20% after announcing $1 billion capital raise.
The stock is now up 125% from its low of the day seen just 2 hours ago.
Completely normal behavior for a bank with $100 billion+ in assets. pic.twitter.com/FwxoEIiSUq
— The Kobeissi Letter (@KobeissiLetter) March 6, 2024
But the bulls are yet to regain full control of the market.
Traders looking for fast gainers are thus rushing to the shitcoin market, where coins routinely post 10x or more gains in a single day.
Indeed, top crypto gainers on any given day are almost always low market cap, low liquidity shitcoins.
That’s because a relatively small amount of buy or sell pressure is able to generate big price swings.
Here are the top crypto gainers today on the Ethereum blockchain, as per DEXTools.
A dodgy looking shitcoin called OrangePEPE ($OrangePEPE) is the top crypto gainer today on Ethereum, according to DEXTools.
Its price is apparently up nearly 31,000% in the past 24 hours.
But its chart looks very suspicious, and DEXTools’ smart contract security audit reveals
Read more on cryptonews.com
