Crypto Whales are Accumulating This Viral New SpongeBob Meme Coin at Just $20 Million Market Cap – How to Buy Early?
As eye-watering volatility continues to supercharge meme coin price action, one coin is sending ripples through markets as whales ape in for a second pump.
The new kid on the blockchain, SpongeBob Token ($SPONGE), is making waves, showing resilience amidst a downturn and promising a bright investment future.
$SPONGE, which made its debut recently, has defied the market downturn caused by Bitcoin's dip to $25k and demonstrated impressive growth from its all-time low of $0.00007261.
Not Just a Meme Coin, $SPONGE is a Market Disruptor
Currently priced at $0.0004646, with a circulating supply of 24.6 billion tokens (61% of the max supply of 44 billion tokens), $SPONGE is not just another meme coin; it is a potential market disruptor.
Despite a 24-hour price dip of -12.22%, it recently made headlines with its launch on the BitGet and Gate.Io centralized exchanges (CEX), signaling growing market interest and accessibility.
Now listed on seven CEXs - Poloniex, LBank, CoinW, MEXC, Bitget, and Toobit, $SPONGE is set to increase its reach with more listings expected soon.
Some are even speculating $SPONGE could be headed for a Binance listing.
High trading volumes ($4.795 million in the last 24 hours, with CEX volume being $3.8 million and DEX volume $981,000) and locked liquidity of $7.34 million create an ideal market condition for new investors to dive in.
$SPONGE Thrives Due to Growing Community of Holders
Aside from the poised bottom technical structure, the primary reason for $SPONGE's success is its growing and active community.
With over 12.74k holders and more than 65,000 transactions, $SPONGE's popularity is growing at an unprecedented rate.
Recent partnerships with Tamadoge and rumors of a potential alliance with the popular GameFi project Battle Infinity are fuelling a wave of FOMO among potential investors.
Moreover, $SPONGE's attractive tokenomics, including a two-year vesting period for the largest wallet, offer a sense of security and stability that heightens its appeal.
Currently competing for the top spot on DEX app Dextools, $SPONGE is successfully holding meme coin trader's attention.
The Success of $SPONGE is Not Speculative
It signifies the resilience and adaptability of the meme coin market.
As WEN and PEPE stumble, $SPONGE offers a fresh, potentially more lucrative investment opportunity.
So why wait? Dive in and see what the tides of $SPONGE have to offer.
High-net-worth investors are joining the $SPONGE bandwagon, with several investments of $50,000+ noted since the token’s launch.
At the time of writing, $SPONGE boasts a market cap of over $11.49 million.
More than $4.795 million worth of $SPONGE tokens have been traded in the last 24 hours, hinting that this meme coin could be on the precipice of a huge incoming pump.
$SPONGE occupies a unique position as it relies on “hype” driven through social media sites like Twitter and Reddit.
However, its appeal goes beyond that - being styled after the much-loved SpongeBob SquarePants character, often featured in viral crypto memes, $SPONGE adds a touch of pop-culture nostalgia to the crypto world.
So as the momentum for $SPONGE shows no signs of slowing down, the upward trajectory is set to continue, as there’s every reason to believe this meme coin could continue to grow.
Don't be sidelined again - join the $SPONGE moon shot today.
Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication - cryptocurrencies are highly volatile investments with considerable risk, always do your own research.