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Crypto Experts Eye New Web3 Meme Coin, Racing to Invest Before It Hits Exchanges

Tim Hakki
Last updated: | 2 min read
SPONGE is making a splash among meme coins.

Eagle-eyed watchers of emerging small market cap projects are pouring into Sponge (SPONGE), a new Web3 meme coin that comes with its own staking and video gaming community, ahead of the token’s listing on major exchanges.

SPONGE has jumped over 9,000% since the original iteration (SPONGE V1) launched back in May 2023. The V2 token is currently priced around $0.002416, or 9600% higher than its V1 launch price of $0.000025. 

The current frantic buying activity around SPONGE is down to two upcoming major milestones: the token’s listing on major exchanges and the tbc release of an upcoming play-to-earn racing game, where players compete to earn SPONGE rewards.

So, in order to better brief you on the hottest meme coin in town is, here’s a brief explainer on Sponge’s history and its future.

From Obscurity To The Moon: Sponge

Although it launched with little-to-no fanfare, SPONGE shot to ascendance by peddling an alluring ecosystem that offers a bounteous mix of staking and gaming rewards for its participants.
The SPONGE token was unique from the day of its launch. Rather than launching through a presale, SPONGE discreetly traded on Uniswap, although it quickly listed on centralized exchanges (CEXs) like Poloniex, MEXC, LBank, Gate.io, Toobit, and more.
Less than a week after launch, on May 9 2023, SPONGE rallied a humbling 4,000% and nearly hit a $100 million market cap. The project currently has 35,000 followers on X, where he team frequently posts updates and hilarious memes.
https://twitter.com/spongeoneth/status/1769650006368117098
SPONGE recently upgraded (and migrated) to a V2 on Polygon, an Ethereum Layer 2 scaling solution. It is currently $0.002918 in a pre-sale.
Although the migration has been in the pipeline since January, a recent liquidity pool attack expedited it.

SPONGE V2: Bigger Staking Rewards And TBC Racing in Web3!

The team introduced a couple of key improvements with the V2 upgrade, including a new staking model that offers a minimum yield of 40% APY.

This yield currently sits at around 410%, varying according to the number of stakers and tokens locked up.

More stakers will be piling onto the project in the near-term too, if the project’s strategy goes according to plan.

In the coming weeks, the team hopes to list SPONGE on some of the world’s biggest crypto exchanges—including Binance and OKX. Doing so could exponentially catalyze further positive price action as the token becomes more accessible to everyday retail buyers.

Alongside the exchange listings, the team is launching a new play-to-earn crypto game. Players commit SPONGE tokens to race Spongebob and friends around the fictional town of Bikini Bottom for SPONGE rewards.

With its dual revenue staking/gaming model, SPONGE is looking seriously disruptive next to larger market cap rivals with low utility, like PEPE, DOGE and WIF.

Meme coins have been both rallying hard and leading the dips throughout 2024 as the industry wonders if it’s on the verge of another bull run. In any case, longevity is ideal for every crypto project, so meme coins have to offer more than laughs to stick around.

Take advantage of this window of opportunity to stake $SPONGE and secure Sponge V2 tokens before exchange listings bring the project mainstream.

Buy And Stake SPONGE On The Website

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.