As the AI stock pump on Wall Street eases and major cryptocurrencies trade mostly trading in the red on Friday, highly risk-tolerant crypto degenerates are hunting for top crypto gainers today in the unregulated on-chain shitcoin markets.
Bitcoin (BTC) and Ether (ETH) were both last down around 1% in the past 24 hours, as per CoinMarketCap.
Both remain close to recent highs at $51,000 and around $2,950 respectively and within in recent ranges.
Traders continue to monitor themes such as Fed rate cuts, the upcoming halving, and an upcoming Ethereum blockchain upgrade.
As the 2024 rally in mega-cap cryptos takes a breather, traders hunting fast gains continue to flock to shitcoins.
Thanks to their tiny market caps, shitcoins and newly launched meme coins often post quick 10x gains.
Of course, just as easily as they can rally, they can also dump.
Indeed, almost all tokens in the shitcoin market are some form of pump-and-dump, rug-pull or scam.
Shitcoin traders use tools like DEXTools, which monitors the tokens trading on decentralized exchanges like Uniswap.
As per DEXTools, here are the top crypto gainers today in the unregulated shitcoin market on Ethereum.
A just-launched Reddit-themed shitcoin called Reddit ($REDDIT) has pumped nearly 240% in the past 24 hours, as per DEXTools.
The pump comes after Reddit filed to go public on Thursday and revealed it holds BTC and ETH.
$REDDIT’s market cap was last around $400,000, with around $190,000 in liquidity.
It has around 1,500 holders and saw $800,000 in 24-hour trading volumes.
This meme coin has been around since May 2023, so is unlikely to be a scam.
But it does have three smart contract alerts, so investors should be very cautious.
Zapicorn ($ZAPI) has pumped another 120% in 24 hours, as
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