Shitcoins Surge on DEXTools Amid Crypto Market Rebound

The crypto market has shown signs of recovery after a recent sell-off that saw many major coins lose value. Bitcoin (BTC) has regained the $40,000 level, while Solana (SOL) and Internet Computer (ICP) have posted double-digit gains. However, some of the most impressive performers are the low-cap shitcoins that trade on decentralized exchanges (DEXs) such as DEXTools. These tokens have seen massive spikes in price, volume, and holders, as traders look for quick profits in the volatile and illiquid market. Here are some of the top crypto gainers today on DEXTools.

Nyro ($NYRO) Skyrockets Over 70,000%

One of the most astonishing pumps today is Nyro ($NYRO), a shitcoin that claims to be a decentralized platform for NFTs, gaming, and social media. According to DEXTools, $NYRO has surged over 70,000% in the past 24 hours, reaching a market cap of around $825,000. The token has also attracted over 1,000 holders and more than $300,000 in liquidity.

However, potential investors should be extremely cautious, as the token has a very low DEXTscore of 25/99, which indicates a high risk of scam. The token’s smart contract is also mostly unaudited, and it may have minting functions that could allow the developers to create more tokens and dump them on the market.

Tucker ($TUCKER) Rides the Wave of Political Controversy

Another shitcoin that has seen a huge spike today is Tucker ($TUCKER), which is apparently inspired by the right-wing US political commentator Tucker Carlson. The token claims to be a meme coin that supports free speech and opposes censorship. As per DEXTools, $TUCKER has jumped 17,500% in the past 24 hours, reaching a market cap of nearly $1 million. The token has also gained over 300 holders and more than $26,000 in liquidity.

However, investors should be wary of the token’s political agenda, as it may attract backlash from regulators and opponents. The token also has a low DEXTscore of 46/99, and its smart contract is largely unaudited. Moreover, the token’s website and social media accounts are either inactive or nonexistent, which raises doubts about the legitimacy and transparency of the project.

Catwifmelon ($MELON) Mimics the Success of Dogwifhat

A shitcoin that is trying to capitalize on the popularity of dogwifhat meme coins is catwifmelon ($MELON), which features a cat wearing a watermelon hat. The token claims to be a community-driven project that rewards holders with reflections and liquidity. According to DEXTools, $MELON has soared 43,600% in the past 24 hours, reaching a market cap of around $356,000. The token has also accumulated over 400 holders and more than $40,000 in liquidity.

However, investors should be very careful, as the token has a very low DEXTscore of 13/99, which suggests a high possibility of scam. The token’s smart contract is also mostly unaudited, and it may have hidden functions that could harm the investors. Furthermore, the token’s website and social media accounts are either poorly designed or unavailable, which indicates a lack of professionalism and credibility.

The crypto market is full of opportunities and risks, especially in the low-cap shitcoin sector. While some tokens may offer huge potential returns, they also come with a lot of uncertainty and danger. Investors should always do their own research and due diligence before investing in any crypto project, and never invest more than they can afford to lose.