Elon (ELON)

An X-owner and Tesla CEO named Elon Musk’s meme coin has recently witnessed a significant increase in value.

As of this writing, Elon (ELON) has 3,250 holdings and a market cap of $16.4 million, an increase of 381,000% according to DEXTools.

The security audit conducted by DEXTools revealed that there are just two issues with the smart-contract of the meme currency.

The fact that its $574,000 in liquidity is not locked makes it susceptible to pump-and-dump or rug pull strategies.

Boys Club (BOYSCLUB)

Boys Club (BOYSCLUB), a newly-minted cryptocurrency, is reportedly up 13,600% according to DEXTools.

With a little over $80,000 in untapped liquidity, its market cap was last $650,000.

With roughly $3 million in trade volumes thus far, the token is getting close to 500 holders.

That’s respectable for a first trading day. Traders should always perform their research thoroughly before investing in a new coin. Keep in mind that the vast majority of them are frauds.

Vitalik (VITALIK)

On Wednesday, the recently released meme coin Vitalik (VITALIK), which is named after Ethereum’s developer, saw an increase of little more than 6,000%.

Its market cap is $300,000 and liquidity is $60,000, as reported by DEXTools.

With a 24-hour trading volume of almost $2.5 million, the token has a little over 450 holders.

Putting your money into small-cap shitcoins is a risky move. A few large sell orders might easily bring the price 80% lower, and an apparently innocent endeavor could easily turn out to be a hoax.

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