New meme coin $SPONGE soared 700% in 24 hours – the new Pepe?

SPONGE

In May 2023, a new asset appeared on the crypto market that brought attention with its name. After the resounding success of the Pepe digital currency, the world held its breath waiting for the next meme coin to take off. And then came SpongeBob ($SPONGE): a meme coin that took the market by storm, soaring 700% in 24 hours after its launch.

Already in the top three on DEXtools, the $SPONGE liquidity pool was closed just a few days ago. Therefore, this time you can avoid missing out on getting a lucrative offer.

New meme coin $SPONGE soared 700% in 24 hours - the new Pepe?
Top cryptocurrencies gaining and losing popularity today (according to CoinMarketCap)

Unraveling the meteoric rise of the SpongeBob token ($SPONGE)

The SpongeBob ($SPONGE) token, which was released at 10am (EST) on Thursday, May 4, 2023, quickly gained popularity. Thanks to instant attention from leading alpha influencers, the token received an initial 150% growth at launch.

The token’s liquidity went from $2.3 million to $5.5 million within hours, and traders around the world took notice.

New meme coin $SPONGE soared 700% in 24 hours - the new Pepe?
$SPONGE price chart

Just a few hours later, close to midnight on May 4, the token soared to an astounding +300% increase. On the morning of May 5, a series of mass purchases of the token followed – many “whales” decided to buy SpongeBob. At the same time, there was a sharp increase in large deals. Thus, several investors bought $SPONGE for the amounts of $178,201 and $89,326.

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Thanks to the influx of “whales”, the price of the token increased by 700% in less than 24 hours

Meme coins: an unprecedented path to millionaire status

Meme coins have consistently shown impressive sales, driven by market hype and a unique connection to traders’ imaginations.

Here’s a case in point: the PEPE (+603%) and WOJAK (+297%) coins, which turned ordinary investors into millionaires overnight.

Wall Street Bets (+236%), TURBO coin (+140%) and BOB (+123%) also followed suit, achieving impressive results in a matter of hours and days – but none of them were as meteoric in their growth as the SpongeBob token.

The SpongeBob token ($SPONGE) is a new “star” that will shine in the galaxy of millionaires.

The colossal potential of the SpongeBob token ($SPONGE)

The token SpongeBob ($SPONGE) at the time of creation of the material owns only 1 thousand unique holders. The market value of the issue on wallets is a modest $9 million. For the meme token, it is an early stage before it reveals its potential.

For example, the “supernova star” of the season, the Pepe coin, is held by 90,000 unique users. This allowed its market capitalization to surpass the $888 million mark.

For example, we can calculate the potential of the SpongeBob ($SPONGE) rate. Forecast data taking into account 10% of the success of the Pepe coin – in the table.

DescriptionIndicator
Number of holders
9 thousand users
Market capitalization
$88 mln
Projected price appreciation rate
$0,00217 (+624%)

How developers are harnessing the power of nostalgia and meme culture

The SpongeBob token ($SPONGE) has touched the hearts of an entire generation that grew up on the iconic SpongeBob SquarePants TV series. Memes featuring SpongeBob and other characters from the series have already gone viral in many cryptocurrency communities, further fueling enthusiasts’ interest in this coin meme. The SpongeBob token ($SPONGE) is ready to ride this wave of nostalgia and fly to the moon.

Now is the time to act: Buy the SpongeBob token ($SPONGE)

Released a few days ago, the SpongeBob token is still in the early stages of development and has tremendous room for growth.

Ahead of other meme coins in the initial stages of development, SpongeBob offers a huge opportunity for those who want to get involved in investing in $SPONGE.

As they say, Fortune favors the bold, so take advantage of this opportunity and embark on a lunar adventure with SpongeBob today.

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Auteur : Saifedean Ammous, expert en économie des crypto-monnaies.

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