Elon Musks Twitter Space Boosts Cryptos on DEXTools

Elon Musks Twitter Space Boosts Cryptos on DEXTools


New crypto coins with a US election theme, inspired by Elon Musk’s recent Twitter Space featuring Ron DeSantis and others, have topped the daily gainers charts on DEXTools, but some of these new tokens have low reliability scores and are potentially risky investments.

With a low DEXTscore and plenty of smart contract warnings, new cryptocurrency coins with a United States election theme have topped the daily gainers charts on DEXTools.

In contrast to  centralized cryptocurrency exchanges (such as Binance Crypto exchange, Coinbase) anyone can list a new digital currency crypto token on a decentralized exchange (Uniswap, PancakeSwap) and often crypto tokens pumping by tens of thousands of % on a DEX are cryptocurrency scams.

Elon Musk (Tesla & SpaceX CEO) Twitter Space Inspires New Cryptocurrency Shitcoins

Although while some ‘shitcoins’ can be purchased and sold for a profit by experienced traders, the $TRUMP crypto token for instance has a 98 percent transaction tax on selling it, which some beginners could be trapped by.

The new cryptocurrency crypto tokens may have been inspired by the ‘technical glitches and hot mic moments’ of DeSantis’ recent Twitter Space, hyped by Elon Musk.

A viral parody of the event features DeSantis, George Soros, Klaus Schwab, Dick Cheney, Adolf Hitler, the Devil and Trump.

President Ron DeSantis Token

President Ron DeSantis (RON) crypto token has a blacklist function, modifiable tax and other issues in the automatic audit results displayed on its dextools.io page

RON crypto token as of now only has 69 holders regardless of pumping over 30,000%, and a 53/99 rating. 

That could suggest its value explosion is not real organic demand from buyers looking to invest in a Ron DeSantis coin.

Elon Musks Twitter Space Boosts Cryptos on DEXTools
New cryptocurrency listing RON/WETH via DEXTools

Another new coin on Uniswap Trust The Ponzi (TRUST) is likewise trending, a reference to QAnon phrase ‘trust the plan’ during the last United States election race.

On May 24th a $BIDEN crypto token likewise appeared on Uniswap before instantly retracing its initial pump.

Donald Trump Token

Donald (TRUMP) has a 98 percent sell tax, meaning any buyers will lose all but 2 percent of their crypto tokens when closing a position, and a very low project reliability score of 19/99. 

There are 77 holders of $TRUMP crypto token. With its low liquidity, very little real buying volume is required to pump it by a large percentage in the 5 figures.

Although while buyers could be drawn in by seeing the Trump coin price up over 10,000%, they won’t be be able to take profit and realize any gains.

Safe New Digital currency Projects

Earlier this coming week religious themed coins were the latest new cryptocurrency craze, which we informed likewise had similar issues with their Uniswap pairs.

We’ve reviewed numerous safe new digital currency coins here at CryptoNews, some at the presale stage and others recently listed on Uniswap or centralized exchange (CEX) platforms.

In total we’ve picked out 19 new cryptocurrency coins with high growth potential for 2023 and heading into 2024, including a combination of meme cryptocurrencies and utility tokens.

 

Related



Source

Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. Lolacoin.org does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.
READ NOW
SEC Sets Sights on Crypto.com After Exchange Massacre




Follow us

Latest Crypto News

Share via
Share via
Send this to a friend