Decentralized exchanges have experienced notable gains in recent times, with a number of new tokens with a U.S. election theme, some experiencing significant gains in a short period of time.
In the past 24 hours alone, one such token, named RON, has experienced a massive 7178% rally on decentralized exchanges.
DeXTools points to another trending token, Robert F Kennedy Jr. RFK, which has surged by over 4000% in less than a hour.
DeSantis announced his bid for the 2024 election by submitting his nomination papers on Wednesday, with the initial declaration made on Twitter.
DeSantis voiced his support for Bitcoin BTCUSD as a safeguard against civil liberties, saying it is a defense of digital assets and the freedom it offers to users. The reason these people in Washington don't like it is because they don't control it, he said.
The risk associated with these new tokens is a significant one, and should be carefully considered, especially since they can be listed by anyone on a decentralized exchange like Uniswap or PancakeSwap.