Wow! There have never been so many launches on centralized exchanges as this new meme coin. The last message on Twitter is only 14 hours old and concerns the last launch, the listing on Gate.io. We are sure there will be more CEXs to come. Because the token is not only incredibly successful, but also an absolute community project.
The community is overjoyed because the value of $SPONGE is increasing almost every hour. On May 05, 2023, the meme coin was listed at $0.000073 and today it is $0.0005627. The increase is not the only thing that makes this coin special. It is based on the US animated series SpongeBob, which has been entertaining children and adults on the Nickelodeon TV channel for almost 25 years.
Coingecko: the facts and figures about $SPONGE
Certainly there are already good meme coins on the market. But on $SPONGE there are apparently things that get investors so excited that they buy short the pre-sale. And with that, the developers have achieved exactly what they wanted, namely sucking the liquidity from the PEPE Coin. In the last 24 hours alone, according to CoinGecko, trading volume was over $14.9 million.
CoinMarketCap: $SPONGE gains over 15%
Lays on CoinMarketCap $SPONGE For the current trading day only, it is up over 15.47% to trade at $0.0005621 today. The ATH was only 72 hours after its release and shows the enormous power behind the idea. Many investors can apparently identify with the successful role model or have childhood memories.
The new meme coin $SPONGE
It’s about much more than fame, number 1 in the rankings or the largest community. $SPONGE is about sucking the liquidity out of the PEPE Coin. The coin $SPONGE is cheeky, fresh, demanding and self-confident. It grasps the crown and is supported by an active community of investors, fans and supporters. $SPONGE pays homage to one of the most well-known cartoon characters in the world
The trading platforms almost fall over themselves and offer airdrops to convince even more investors. Several times a day on Twitter there is new information about the latest developments and announcements for the community.
It is not known who exactly the developers are. Rumor has it that they are experts and experienced professionals who have already launched other successful tokens.
Also the speed at which the SpongeBob Coin Bringing eight centralized exchanges on board is a testament to how professional developers need to be. You obviously have the best contacts in the industry. In any case, these people are very committed and also know their way around marketing.
These are the CEXs where $SPONGE is listed just 8 days after release:
- Uniswap
- Gate.io
- MEXC
- Bitget
- LBank
- Poloniex
- BTCEX
- CoinW
In the current development, $SPONGE market participants can look forward to a strong uptrend as listings on the CEXs add momentum. Add to that the strong marketing campaigns, which are not only causing a stir on Twitter. With Discord, too, the channel operators receive the rating: very committed.
Conclusion: As stated on the website, there is no formal team behind the meme coin. The Sponge Token is for entertainment purposes only. However, according to the first reports, concrete discussions with institutional investors are to take place in the background.
However, this obviously seems to depend on how the coin develops. In the here and now, however, waves of yellow sponge are hitting the meme market and investors are leaving the PEPE Coin in droves.
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About the author: Stefanie Herrnberger works as a freelance speaker and editor. Her many years of professional experience in the areas of blockchain, cryptocurrencies and NFTs offer her the perfect background to report on current news and developments on decentralized and central financial markets. Stefanie has been investing in cryptocurrencies for several years. She understands the challenges and opportunities for crypto traders. Publications: https://de.cryptonews.com/editors/stefanie-herrnberger https://blockchain-technologie.digital/ https://www.facebook.com/groups/cryptonewsde/
