{"id":33052,"date":"2023-07-08T11:01:35","date_gmt":"2023-07-08T15:01:35","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/elon-musk-crypto-musk-is-uniswaps-biggest-gainer-today\/"},"modified":"2023-07-08T11:01:36","modified_gmt":"2023-07-08T15:01:36","slug":"elon-musk-crypto-musk-is-uniswaps-biggest-gainer-today","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=33052","title":{"rendered":"Elon Musk Crypto ($MUSK) is Uniswap’s Biggest Gainer Today"},"content":{"rendered":"
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The biggest crypto gainer today on Uniswap is Elon Musk (MUSK), but has some red flags – according to DEXTools the new meme token has a blacklist function in its smart contracts.<\/p>\n

At the time of writing $MUSK is up almost 30,000% – large percentage gains within the space of just a few hours are often due to low liquidity, rather than real buying volume and demand.<\/p>\n

What is Elon Musk (MUSK) Token?<\/h2>\n

The Elon Musk crypto crypto asset was listed on Uniswap on July 1st, has approximately $130k in liquidity and a 24 hour volume of $70k. Its market cap is $1.2 million, with 180 holders and a DEXTscore of 86\/99.<\/p>\n

Past rugpulls – such as PepeHUB last week – have had a blacklist function, in which certain wallet addresses are unable to trade normally.\u00a0<\/p>\n

For example certain holders may not be able to sell, potentially explaining how the $MUSK price keeps rising and why $MUSK token ranks among the top crypto gainers today.<\/p>\n

MUSK coin is not yet listed on CoinMarketCap, although other unrelated Elon Musk (MUSK) assets are – which also emerged to be scams.<\/p>\n

The token description on DEXTools for $MUSK coin reads:<\/p>\n

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“$MUSK – Risk-taking and imagination are keys to success Take a chance or regret it!”<\/i><\/p>\n<\/blockquote>\n

New Meme Coins Elon Musk Has Interacted With<\/h2>\n

Long-time proponent of Bitcoin, Dogecoin and cryptocurrency in general, Elon Musk has not mentioned the $MUSK token.\u00a0<\/p>\n

One new meme coin we’ve recently reviewed here at CryptoNews<\/i>, which Elon Musk has engaged with – at least replying to its memes on Twitter – is Wall Street Memes<\/u> (WSM).<\/p>\n

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While it’s unclear if Elon Musk is aware of the $WSM token and its upcoming launch on Uniswap, he has replied to the @wallstmemes<\/u><\/i><\/a> account on Twitter three times<\/u><\/a>.<\/p>\n

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Read our full Wall Street Memes project review here<\/u>.<\/p>\n

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/i><\/p>\n<\/p><\/div>\n