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The week began with a sharp pullback for major cryptocurrencies following their recent rally, but this decline did not dampen traders’ enthusiasm for chasing top crypto gainers in decentralized exchange (DEX) markets.
Speculative traders frequently flock to these highly volatile DEX markets in search of the next 100x token that could deliver quick riches.
Dozens of new tokens are launched daily on blockchains such as Ethereum, Solana, and Base.
Most of these tokens are scams, pump-and-dump schemes, or projects that fail to generate long-term value.
However, if a trader can identify a promising opportunity among them, they may secure significant upside potential.
Traders often rely on tools like DEXScreener to discover trending cryptocurrencies.
Below are some of the top crypto gainers on DEXScreener that are currently attracting attention.
Top Crypto Gainers on DEXScreener
The leading crypto gainers on DEXScreener are all new Solana meme coins. Solana is a preferred blockchain for issuing and trading meme coins due to its low fees and fast transaction speeds.
The first token to highlight is Kiri (KIRI), which surged on Monday following a community takeover.
This AI-themed meme coin has risen by over 25,000% in the past 24 hours, with its market capitalization reaching an impressive $8.5 million.
KIRI appears to have solid and genuine engagement on social media, but this does not mean the token is without risks.
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With only $456,000 in locked liquidity, a few large sell orders could cause the price to crash rapidly.
The next two tokens worth mentioning are Truth 1st meme – CryptoProspector (CP) and Aiwithdaddyissues (SHEGEN), both of which are also meme coins.
CP has a market capitalization of approximately $1 million, with $130,000 in liquidity and $4.1 million in 24-hour trading volume.
The token has risen by approximately 11,500% in the past 24 hours, making it a standout performer today.
SHEGEN, meanwhile, boasts an impressive market capitalization of over $11 million, following a 4,600% gain in the past 24 hours.
SHEGEN has recorded 24-hour trading volumes of approximately $23 million and holds $668,000 in locked liquidity.
Better Alternative to These Top Crypto Gainers
These top crypto gainers are highly risky investments.
A potentially better strategy is to participate in Solana meme coin presales, which often lead to more successful token launches.
Interested readers may wish to consult Cryptonews.com’s list of top Solana meme coins, which serves as an excellent starting point.
10 Best Solana Meme Coins to Buy in October 2024
The post Top Crypto Gainers on DEXScreener – KIRI, CP, SHEGEN appeared first on Cryptonews.
