Top Cryptocurrency Performers Today on DEXScreener – PIPI, PNUT, FAP

Traders utilize platforms such as DEXScreener to identify the leading crypto gainers today. Source: DEXScreener’s X Account

As cryptocurrency markets surge following a more accommodating than anticipated Federal Reserve policy announcement, Bitcoin (BTC) and Ether (ETH) have rebounded 11% and 14% from their intra-day lows, approaching $68,000 and $3,500, respectively. Traders seeking the top crypto gainers today are turning to the on-chain markets.

On-chain markets pertain to the trading environment for digital assets that have been directly issued on an existing blockchain.

For instance, the Shiba Inu (SHIB) token is issued on Ethereum as an ERC-20 token.

These tokens can subsequently be traded on decentralized exchanges (DEX) and possibly on centralized exchanges if they gain sufficient traction.

They are often labeled as meme coin (or shitcoin) markets because virtually anyone can create a token at any moment.

Consequently, these on-chain markets are filled with scams and pump-and-dump schemes.

However, shitcoin markets are the sole venues to discover tokens that can surge in the 50-100x range.

Below are several of the top crypto gainers today on Solana that traders will be observing, according to DEXScreener.

Top Crypto Gainers Today

PIPI ($PIPI)

A Solana-based alternative to Pepe, known as PIPI ($PIPI), is at the forefront of the top crypto gainers on Wednesday.

PIPI has surged over 65,000% in the last 24 hours, as reported by DEXScreener. Its market capitalization was approximately $4.0 million, with nearly $2.9 million in trading volumes over the past 24 hours.

The meme coin boasts over $220,000 in locked liquidity, indicating that its issuer is not planning a rug pull.

Nonetheless, there are no risk-free investments in cryptocurrency, particularly in this shitcoin sector.

PNUT ($PNUT)

Another meme coin, PNUT ($PNUT), which plays on the word peanut, is experiencing a surge on Wednesday.

PNUT claims to represent a Pepe-like squirrel and is also based on Solana.

It has increased approximately 88,000% in 24 hours, reaching a market cap of $7.6 million.

According to DEXScreener, its trading volumes in the last 24 hours are an impressive $3.2 million.

The token has locked liquidity of around $330,000, which is a positive indicator that the developer is not planning a rug pull.

FAP ($FAP)

FAP ($FAP), another meme coin on Solana that seems to be themed around male self-pleasure, is also seeing gains on Wednesday.

As per DEXScreener, FAP has risen 500% in 24 hours, elevating its market cap to $4.1 million. Nearly $20 million in tokens were traded in the past 24 hours, roughly five times the token’s market cap.

The token has $1.6 million in locked liquidity, a favorable sign that it is not a rug pull.

However, this does not guarantee that FAP is not merely another pump-and-dump scheme, similar to many meme coins before it.

Crypto Alternatives to Consider

Investing in low-cap shitcoins carries significant risk.

A seemingly harmless project could easily turn out to be fraudulent, and a few large sell orders could swiftly reduce the price by 80%.

A strategy that remains risky but arguably offers a better risk-reward ratio is participating in crypto presales.

The concept involves investors acquiring tokens of emerging, high-potential crypto projects/protocols at a discounted early price.

These projects utilize the funds for protocol development and marketing.

While numerous issues can arise when investing in crypto presales—unexpected circumstances may hinder a project from achieving its goals—astute presale investors frequently secure gains of 10x or more.

With hundreds of presale projects competing for investor capital, analysts at Cryptonews have been analyzing the market.

Here are 14 presale projects with the highest potential.

See the 14 Cryptocurrencies

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