Throughout the past few weeks, hordes of retail investors have been lured into the DeFi sector by the massive gains posted by many of the crypto assets residing within this fragment of the crypto industry.
As many of these tokens start seeing slowing growth, return-hungry investors are now turning towards unconventional methods of getting the returns – and dopamine – they desire.
These traders are using Uniswap – a decentralized exchange – to trade a plethora of different ERC-20 tokens with tiny market caps, causing many of them to see surges of 1000% or more.
They aren’t using much discretion when it comes to what they’ll throw money into either, as some of the tokens are blatantly useless with names like “Retard Token.”
Crypto traders pump micro-cap tokens as their hunger for high returns grows
Uniswap has been garnering growing utility throughout the past few months due to it being one of the only places to access many popular DeFi crypto tokens.
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