Interest in Sponge Token, which also appears in the wallet of TRON founder Justin Sun, is increasing day by day.
Meme coins have started to attract renewed attention due to the significant increase in their performance since the beginning of the cryptocurrency bull market. In particular, BONK gained more than 300 percent in value in mid-December 2023.
Investors are constantly searching for the next viral coin with huge return potential, hoping to grab a once-in-a-lifetime chance. A token called Sponge V2 is gaining significant popularity due to the phenomenal success of its predecessor, the Sponge meme coin.
As you may remember, Sponge emerged as one of the most successful tokens in 2023, providing a 100-fold increase in value for those who invested early. The team is now introducing the second version of its meme coin called Sponge V2, which it claims can potentially deliver superior profits.
Whales Follow Sponge Token V2
A large number of prominent cryptocurrency investors and astute traders are accumulating significant amounts of this new token due to its imminent launch and great prospects. Justin Sun, the creator of the Tron blockchain and the Poloniex exchange, stands out as a prominent investor who owns a significant amount of SPONGE and is expected to convert it into SPONGEV2.
Sponge Token V2 purchasemeaning that it can only be obtained by staking SPONGE.
Sun currently ranks 14th in terms of ownership of the SPONGE meme coin, worth $4 million.
leading investors Purchase Sponge Token V2 Its early release is an indication of its strong demand and Sponge V2’s expected price potential.
Remarkable Release of SPONGE Token
As mentioned before, Sponge was among the top performing cryptocurrencies in 2023. Starting with a market cap of approximately $1 million, the token experienced a rapid and significant increase in value, eventually reaching a market cap of $100 million. This provided a significant return of 100 times the initial investment for those who purchased the token early. Sponge reached its peak with more than 13 thousand people holding tokens and more than 30 thousand followers across different social media platforms.
Immediately following its launch, Sponge was quickly listed on many top cryptocurrency exchanges, including both centralized and decentralized platforms. Token listings on leading exchanges such as Uniswap, Gate.io, MEXC, OKX have seen Sponge witness significant daily trading volume running into hundreds of millions of dollars.
Recently, the price of the token had increased by nearly 500 percent due to the launch of the staking program and optimistic overall market sentiment.
Considering the worldwide fame of the SpongeBob animated series, Sponge’s popularity is understandable. SpongeBob’s immense popularity among children has also undoubtedly contributed to the meme coin’s rising price potential.
Investors who previously lost the chance to benefit from a 100x return on investment are now Sponge Token V2 purchase They have a second chance to improve their situation by doing so. Of course, in addition to all this, there is also a lot of debate about which cryptocurrency exchange SPONGEV2 will be listed on.
Binance is the world’s largest cryptocurrency exchange with a daily transaction volume of $10 billion and a registered user base of approximately 200 million. The platform has traditionally been highly selective when it comes to adding new tokens to its listings. However, lately it has also shown a tendency to include new meme coins such as Bonk, especially in anticipation of the upcoming bull market.
Binance prioritizes new cryptocurrencies that have solid community support, a stable development team, and meet strict security criteria. The team responsible for Sponge V2 has already earned an excellent reputation for their work on Sponge. Additionally, due to the widespread appeal of SpongeBob SquarePants, the meme coin continues to receive support from a worldwide community.
Moreover, it appears that the Sponge V2 is poised to demonstrate significant price performance in 2024, thus increasing its chances. Meanwhile, the meme coin’s improved token economy is supported by a new play-to-play (P2E) game and increased marketing allocation.
How to Buy Sponge Token V2?
Sponge’s existing stakeholders, including Justin Sun, have the opportunity to benefit from the project’s innovative “Stake-To-Bridge” mechanism. Users can stake their tokens and receive Sponge V2 tokens in return.
Alternatively, individuals can visit the sponge.vip website and directly use the provided widget to purchase the new token, Sponge Token V2. It is reported that those who use this approach will also be entitled to an attractive additional incentive.
The newly acquired token will be staked immediately, thus creating passive income for investors. Staking larger amounts of tokens over longer periods of time will result in greater accumulation of SPONGEV2 rewards.
As it is known, Sponge was listed on many leading cryptocurrency exchanges except Binance and Coinbase. Among the claims is that the Sponge Token V2 project will also be listed on ‘major’ exchanges.
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