DEXTools, a platform that provides real-time data and analytics for decentralized exchanges (DEXs), has revealed the top three crypto tokens that have surged in value in the last 24 hours. These tokens are DumbMoney ($GME), Taizo Hori ($TAIZO), and DERP Coin ($DERP), which have posted gains of nearly 8,000%, 550%, and 170%, respectively.
DumbMoney ($GME): A Parody of GameStop
DumbMoney ($GME) is a token that mocks the popular stock of GameStop, whose NYSE ticker is also $GME. The token claims to be a way of calling GameStop “dumb money”, as the video game retailer has been struggling to survive in the digital era. The token also pokes fun at the Reddit community of r/WallStreetBets, which has been known to pump and dump various stocks, including GameStop, in a bid to challenge the traditional financial system.
The token has seen a massive spike of nearly 8,000% in the last day, reaching a market cap of around $2.4 million. The token has also attracted over $2.4 million in trading volume and more than 300 holders. However, the token’s liquidity is not locked, which means that it could be a rug pull, a scam where the developers withdraw all the funds from the liquidity pool and leave investors with worthless tokens. Therefore, investors should be very careful when dealing with this token.
Taizo Hori ($TAIZO): A Tribute to Dig Dug
Taizo Hori ($TAIZO) is a token that pays homage to the protagonist of Dig Dug, a classic arcade game from the 1980s. The token’s name is derived from the Japanese name of the character, who is also known as Mr. Driller in some games. The token claims to be a “fun and rewarding” way to play games and earn rewards.
The token was launched earlier today and has already soared by 550% since its inception. The token has achieved a market cap of $250,000, with liquidity of $190,000. The token has also seen volumes of $380,000 and has amassed close to 100 holders. The token does not seem to have any red flags in its contract, but investors should still do their own research before investing.
DERP Coin ($DERP): An AI-Coin with a Sense of Humor
DERP Coin ($DERP) is a token that claims to be powered by artificial intelligence (AI) and machine learning (ML). The token’s name is an acronym for Decentralized Exchange Research Protocol, but it is also a slang term for stupidity or foolishness. The token’s website features a cartoon character with a derpy expression and a slogan that says “We are not serious”.
The token has surged by 170% in the last day, reaching a market cap of $440,000. The token has locked liquidity of more than $110,000 and over 800 holders. The token has also generated over $46,000 in trading volume, which is relatively low compared to its price increase. This suggests that the token’s price movement may not be very sustainable and could reverse quickly if sellers start to dump their holdings. The token’s contract does not have any major issues, but it has a low community trust score of around 50%.
