Top Crypto Gainers Today on DEXScreener – SLUMBO, NCAT, BABYWOLF
As blue-chip cryptocurrencies struggle, with Bitcoin (BTC) declines into the mid-$63,000s as ETF outflows ramp up, miner sell pressure continues and the German government also appears to make moves to unload its holdings, investors are turning to the highly volatile and illiquid micro-cap markets as they hunt for top crypto gainers today.
Bitcoin remains wedged well within its multi-month ranges, and a similar story can be said for most major altcoins.
Amid “boring” market conditions, volatility-seeking traders often find themselves perusing the micro-cap markets, which are always lively.
Micro-cap markets refer to the on-chain crypto markets, where anyone can issue and trade tokens with zero restrictions.
New coins are launched on blockchains like Ethereum and Solana every single day.
Most are scams or pump-and-dumps. And almost none hold any long-term value.
However, if they start to trend, tokens can sometimes post whopping gains of 100 or even 1,000x.
Of course, the reverse can also be true. Tokens can become worthless in an instant, especially if a rug-pull occurs.
That being said, here are some top crypto gainers today on DEXScreener that traders will be keeping an eye on.
A just-launched Solana meme coin called Slumbo (SLUMBO) is up over 69,000% today, per DEXScreener.
The token’s market cap was last around $2.7 million, with locked liquidity of around $130,000.
https://twitter.com/Slumbo_io/status/1804159940396810266
Its small market cap means there remains plenty of room for growth. That said, like all newly launched meme coins, SLUMBO is likely also just another pump-and-dump.
A just-launched Base meme coin called Baby Wolf (BABYWOLF) is up 4,600%, as per DEXScreener.
That said, the token is down over 50% from session highs,
Read more on cryptonews.com
