Top Crypto Gainers Today on DEXScreener – PE, PEPE, BENCH

Top Crypto Gainers Today on DEXScreener – PE, PEPE, BENCH / Source: Cryptonews

On mixed day in crypto markets that saw Bitcoin (BTC) perform well after softer-than-expected US economic data, but most other major altcoins struggle, traders hunting for top crypto gainers today turned to tools like DEXScreener to find big movers in the on-chain markets.

US ISM Manufacturing PMI came in below expectations, bolstering bets that the Fed will start cutting in September.

That helped Bitcoin push momentarily above $70,000, though it was last trading near $69,000.

Ethereum (ETH) , meanwhile, was flat in the $3,700s, while the likes of SOL , BNB , DOGE and ADA were 2-4% up.

When blue chip cryptocurrency markets are subdued like this, traders often turn to the illiquid and volatile on-chain markets.

On-chain markets refer to the market for crypto token that are issued and traded directly on blockchains like Ethereum.

There is almost no barrier to issuing a new token. So new tokens are popping up almost everyday and most are either scams or pump and dumps.

In the end, almost no newly launched crypto tokens end up holding any long-term value.

With that in mind, here are some top crypto gainers today that will be getting a lot of attention.

Top Crypto Gainers Today

Pe Coin (PE)

A just launched new meme coin called Pe Coin (PE), which features a one-eyed version of Pepe, is pumping hard.

https://twitter.com/pecoinETH/status/1797709288539816170

The new Ethereum meme coin is up over 21,500% since launch, as per DEXScreener .

That pump has seen its market cap hit $1.6 million, and the token also has nearly $200,000 in locked liquidity.

The token only has one concerning aspect to its smart contract, as per Go+ Security. But that doesn’t mean it isn’t some sort of scam/rug-pull/pump-and-dump.

Traders must do their due diligence before getting involved in on-chain markets, and must be prepared to lose everything.

Pepe (PEPE)

A copycat version of the legendary Pepe meme coin, also called Pepe (PEPE), is pumping on Monday.

The new token, which appears to be marketing itself as a second chance for meme coin investors to get in early on Pepe, last had a market cp of around $2.2 million, with around $230,000 in locked liquidity.

https://twitter.com/EthPepee/status/1797698969373749333

That’s according to DEXScreener , which identified three concerning aspects to its smart contract.

Benchmark of Memecoins (BENCH)

A new token called Benchmark of Memecoins (BENCH) is up big on Monday, gaining 8,500% in 24 hours.

That’s according to DEXScreener , who puts its market cap at $34.3 million.

The token claims to have authored a new token standard on Ethereum called ERC-7660, a next-generation benchmark for meme coins.

But traders need to be cautious with this token. That’s because it is mintable, and its ownership hasn’t been renounced.

Better Crypto Alternatives to Consider

Trading new meme coins is fraught with risk. Sure, some of these coins might 100x or more.

But traders are very unlikely to get in right at the bottom. The vast majority of coins will fall flat, and investors will likely not be able to find the liquidity to sell.

Additionally, the meme coin market’s fast price action tends to trigger FOMO in traders. They often neglect to do the required due diligence.

A potentially better alternative to investing in just-launched meme coins is to invest in presales .

Here, traders have more time to research a project and see if it suits them.

Investors can make big gains if they can identify projects that gain traction reliably.

With so many presales competing for investment funds, it can be tough to know where to start.

That’s why analysts at Cryptonews monitor the presale market closely. Here are some of their top presales for 2024.

15 Best Crypto Presales to Invest In Now