As TONY Token Pumps Up 300x in 24 Hours, This Other Meme Coin is About to List on Exchanges
In the latest Solana meme coin pump, TONY token has exploded 300x in less than 24-hours, but as retracement enters the chart, TONY price analysis reveals a rocky road-ahead.
This comes as recent months have seen a new trend in SOL-based DEX-traded token pumps, with countless Solana meme coin moon-shots garnering significant attention, including 2024′, SOLAREUM, Joe on SOL, BINK, BONG, MUSK, FLUB, PUMA and HOPPY.
Doubling down on my bet here on $TONY
Looks like the next solana sendor – 500K
With all due respect, you've got no idea what it's like to be number one. pic.twitter.com/NBm6Gry3hI
— coreh (@corehETH) January 19, 2024
TONY token, is a Mafia-themed, poking fun at Tony Soprano’s character in the popular HBO-series The Soprano.
TONY Price Analysis: Is TONY Poised For A Second Rally Or Is It Doomed to Dump?
As price action fights to push up, TONY token is currently trading at a market price of $0.000467 (representing a 24-hour change of +195.45%).
This comes after a dazzling launch, which saw TONY launch around 02:00 (UTC) on January 18, from an initial price of $0.00001, in a move that gained almost immediate traction posting +5,275% in the first hour.
A brief consolidation saw a lower support level established above $0.0002, and this set the stage for a further +750% push over the following hours to an all-time high at $0.0018.
Yet, as early-backed took profit on the dramatic 300x move, a resounding retracement has gained a grip on price action, driving price down -70% to hit consolidation around $0.00038.
But, with price action reeling in an attempt at a second bounce, a critical juncture is identified in TONY price analysis, with significant difference between the $463k market cap (which suggests as much as 10x growth could be possible here) and a meagre liquidity pool of just $38.2k.
This could leave holders stacking a potentially illiquid token at best, and at worst could expose them to a potential honeypot due to the unlocked nature of the LP.
For this reason, smart money investors are shifting their attention to a better play – SpongeV2, which builds on the $100m market cap success of the first Sponge token in 2023.
Sponge V2 Launch ($SPONGEV2): A New Era in Meme Coin Evolution – Poised To Outperform Solana Memecoin Like TONY?
Sponge V2, the latest iteration of the renowned Sponge ($SPONGE) meme coin, is making waves in the cryptocurrency market.
Following the phenomenal success of Sponge V1, which peaked at nearly $100 million in market cap and amassed over 13,000 holders, Sponge V2 arrives with promising innovations and opportunities for investors.
How to Acquire Sponge V2
Acquiring Sponge V2 is unique:
- Stake Sponge V1: Buy and stake V1 tokens via Sponge.vip or stake your existing V1 tokens.
- Earn More V2: The longer and more V1 tokens you stake, the more V2 tokens you earn.
Read more:Best Crypto to Invest In 2024
Staking Mechanics and P2E Integration
Sponge V2 introduces Play-to-Earn (P2E) utility, enhancing its ecosystem.
Stake your V1 tokens to earn V2, and engage in the upcoming P2E game to earn additional $SPONGEV2 tokens.
Moreover, this P2E game, a new utility in the Sponge ecosystem, will feature both free and paid versions for enhanced gaming and earning experiences.
Unique Aspects of Sponge V2 Over TONY Price Pump
- Exclusive Access: Earn $SPONGEV2 exclusively through $SPONGE staking.
- Bonus Rewards: Buying and staking $SPONGE offers special $SPONGEV2 bonuses.
- Passive Earnings: Staked $SPONGE tokens yield passive rewards, starting at a minimum 40% APY.
- Permanent Transition: Staking V1 tokens will result in their permanent locking, shifting the focus to V2 post-launch.
Roadmap and Future Prospects
Sponge V2’s roadmap is ambitious, targeting 10,000 holders, Tier 1 CEX listings, and a $100M market cap.
The launch stages include the Sponge game’s development and the Sponge V2 claim and listing.
Sponge V2 is not just a sequel to its predecessor; it’s a reinvention with a focus on utility and community engagement.
The integration of P2E and exclusive staking mechanisms make it a standout project in the meme coin domain.
Stay updated on Sponge V2’s journey through social channels and witness its growth in the crypto world.