The crypto world is a highly volatile place where change is the only permanent thing. Last week saw a quiet start in the crypto market. Bitcoin (BTC) was trading at around $68,000. Ethereum (ETH) was around $3,800. Traders were excited about the launch of new Ethereum ETFs. Core PCE inflation data, expected later the previous week, might have influenced the market. There were hopes for a decline in month-on-month core price pressures. Therefore, enquiring about the top crypto gainers from the last week is natural.
What is the scenario?
Most major altcoins besides BTC and ETH also saw subdued trading. Solana (SOL), Toncoin (TON), and Dogecoin (DOGE) were flat to 3% lower in the past week. Flat trading conditions often lead volatility-seeking investors to riskier markets.
The riskiest markets in crypto are for on-chain tokens, which trade on decentralised exchanges. New meme coins and shitcoins are launched daily. Most are pump-and-dump schemes or scams, so traders must be cautious. Few newly launched tokens retain long-term value. However, some new coins can gain 20, 50, or even 100 times their value.
The Top Gainers For The Last Week
King of Memes (KING)
King of Memes (KING) is a new Solana meme coin. It increased by nearly 750% around May 29th. DEXScreener showed it had a market cap of $642 million. However, it only had $670,000 in locked liquidity and $2.4 million in trading volume since its launch. The community does not trust the coin. It had one positive vote but 12 red flag votes. Its X account is restricted. This token is likely a scam, and traders should stay away.
Swapuz (SWAPUZ)
Swapuz (SWAPUZ) is another suspicious coin. It quickly reached a market cap of $420 million and increased by 640,000% since launch. Despite this, as of 29th May, it had only $4.8 million in trading volume. Its X account has been inactive since last year. This coin looks fishy, and traders should avoid it.
Trumpy (PRESIDENT)
Trumpy (PRESIDENT) is a new cat/Trump-themed meme coin. It surged 62,000% around 31st May, reaching a market cap of $1.1 million. The Solana coin is also gaining social media support. A supply burn is planned when the market cap hits $15 million.
MARV (MARV)
MARV (MARV) is a new Pepe-styled Ethereum-based coin. It increased by over 800% around 31st May, with a market cap of $2.1 million and $7.2 million in trade volumes. A Go+ Security audit shows token transfers are pausable, suggesting it could be a scam. Potential buyers should be cautious.
BonkWifCatShark (BITCOIN)
BonkWifCatShark (BITCOIN) is a new Solana coin. It rose 11,000%, reaching a market cap of $180,000. It has a good reputation among DEXScreener users, with many positive votes. However, caution is advised when using any new token.
The Present Trend
The trend has changed this week. New gainers have come up on the list. Here are the top three gainers as per DEX Screener.
SMALLCOCK (SOL)
SolanaRaydium’s SMALLCOCK token is priced at $238.87. It has 802 holders and a market cap of $101K, with 474 transfers recorded. The token has not changed in the past 24 hours but has seen a 9.07% increase over 8B%.
AAPL (SOL)
SolanaRaydium’s AAPL token, also associated with Apple, is priced at $117.17. It has 2,390 holders and a market cap of $138K, with 517 transfers recorded. The token shows no change in the past 24 hours but has seen a 14.91% increase over 6B%.
STONKS (SOL)
SolanaRaydium’s STONKS token is priced at $28.51. It has 1,019 holders and a market cap of $108K, with 494 transfers recorded. The token has shown no change in the past 24 hours but has decreased by 25.53% over 1B%.
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