Top Crypto Gainers Today on DEXScreener – PIPI, PNUT, FAP
As crypto markets pump in wake of a more dovish than expected Fed policy announcement, with Bitcoin (ETH) and Ether (ETH) bouncing 11% and 14% from intra-day lows to near $68,000 and $3,500, trader hunting for the top crypto gainers today are flocking to the on-chain markets.
On-chain markets refer to the market for digital assets that have been issued directly on top an existing blockchain.
For example, the Shiba Inu (SHIB) token is issued on Ethereum as an ERC-20 token.
These tokens can then be traded on decentralized exchanges (DEX), and also perhaps on centralized exchanges if they get big enough.
They are often referred to as meme coin (or shitcoin) markets because virtually anyone can issue a token at any time.
As a result, these on-chain markets are replete with scams and pump-and-dump schemes.
But shitcoin markets are the only place to find tokens that can rally in the 50-100x region.
Here are a few of the top crypto gainers today on Solana that traders will be monitoring, as per DEXScreener.
A Solana-based Pepe alternative called PIPI ($PIPI) is leading the top crypto gainers on Wednesday.
PIPI was last higher by over 65,000% in the past 24 hours, as per DEXScreener. PIPI’s market cap was last around $4.0 million, with nearly $2.9 million in 24 hour trading volumes.
The meme coin has over $220,000 in locked liquidity, a good sign that its issuer isn’t planning a rug pull.
But there are no zero risk investments in crypto, especially this shitcoin space.
Another meme coin called PNUT ($PNUT), a play on the word peanut, is pumping on Wednesday.
PNUT claims to be a Pepe looking squirrel, and is also based on Solana.
PNUT was last up around 88,000% in 24 hours, reaching a market cap of $7.6 million.
That’s according to
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