Major cryptocurrencies are trading on the back foot in early Wednesday Asia trade, so crypto degens hunting for top crypto gainers today are flocking to the on-chain DEX markets as they hunt for upside volatility.

It’s not uncommon for a new token to pump 20 or even 50x in one day in the DEX markets.

The prospect of potentially going from rags to riches is thus a major draw for crypto degens.

But they must remember – DEX markets are exceedingly risky. Most newly launched coins are either scams, rug-pulls or pump-and-dump schemes of some sort.

Investors are strongly advised to do their due diligence before getting involved with a project, and not to risk more than they can afford to lose.

Traders often utilize tools such as DEXScreener to find trending coins and top crypto gainers.