Poloniex Lists SpongeBob, As $SPONGE Price Pumps After Meme Coin Market Crash

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SpongeBob is creating a buzz in the meme market. SPONGE’s momentum will continue following, its listing on various crypto exchanges. SpongeBob was named among the top ten meme currencies on CoinMarketCap, surpassing Pepe in percentage growth.

Further, the most traded Uniswap meme coin, $SPONGE, has launched today on the Poloniex centralized exchange (CEX). Notably, the deposits are open from 10:00 UTC. SPONGE’s momentum is expected to continue as news from the Poloniex listing indicates that it can now be traded on four Centralized exchanges (CEX). On May 8, $SPONGE was listed on LBank, CoinW, and Toobit, ranked 23^rd and 32^nd, respectively.

📢 $SPONGE / $USDT is now live on @Poloniex 🧽

➡️ Absorb the damp now! 🧽

➡️ More CEX listings on the way ✅https://t.co/PNn3dHQK8n $PEPE $TURBO $MONG $HER $JEFF $RIBBIT $POOH $BOB pic.twitter.com/zMO6OR14A2

— $SPONGE (@spongeoneth) May 8, 2023

The $SPONGE Buyers are eating the dip – up 90% in just 24 hours

Since its May 4 introduction in the late afternoon, SpongeBob (SPONGE) has obtained an escalating rise unlike any other. In contrast to other meme coins, SPONGE wasn’t advertised before launch. However, it was quietly posted on the Uniswap DEX. The token’s price rocketed dramatically in the hours following its debut.

Nonetheless, as tokens retrace lower across the crypto complex after a crash triggered by local difficulties with bitcoin withdrawals at a popular exchange Binance, $SPONGE traders are now back in buying mode.

$SPONGE has, in a matter of days, earned its place at the head of a new wave of meme coins as interest explodes around tokens, including Pepe and $SPONGE. $SPONGE is only just starting, and the current market setup provides a considerable opportunity to buy the dip profitably. Nonetheless, experienced investors will be acutely aware that retracements present opportunities. Notably, they clearly indicate that markets are developing in a healthy direction with sustainable price formation.

At press time, the current price of $SPONGE was $0.001338. It indicates this phenomenon, as it bounces hard off its near-term bottom at $0.0008541. According to CoinMarketCap data, $SPONGE is up 90% on a 24-hour view. However, it is off its all-time high, printed yesterday at $0.002402. On the other hand, the Pepe coin is down 18% in the past 24 hours. SpongeBob token already has a market worth of over $53 million, which is remarkable for a token introduced less than a week ago, based on the on-chain analytics platform DEXTools.

SpongeBob is the most traded coin on Uniswap – pump to a $100 million market cap

The SpongeBob token currently has no utility, roadmap, or anything that various modern crypto traders consider “valuable” – deliberately. The refreshing fact is that this token is honest about it. It attempts to allow parabolic gains to those who missed the recent surge of $PEPE.

However, $SPONGE’s astounding success has left even the performance of Pepe in the shade. Pepe took three weeks to launch on its first centralized exchange (CEX), so $SPONGE achieved that feat in only two days. Further, yesterday, $SPONGE came within touching distance of breaking above a $100 million market capitalization. However, a retest at those levels is still looming. The current prices provide an extremely attractive entry level for new buyers and those looking to average down previously established entry costs.

CEXs are on the lineup to bring $SPONGE liquidity onto their platforms. They have no doubt, as they have taken note of the booming trading volume on the Uniswap V3 decentralized exchange.

$SPONGE Community growing at a phenomenal rate

SPONGE has attracted more than 8,500 holders, demonstrating the project’s enormous momentum. One whale put as much as $98,000 into the intriguing new cryptocurrency. With renowned crypto analytics platform CoinMarketCap choosing to list the token less than 24 hours after its first debut, things seem to be getting better for SPONGE.

Nonetheless, not even a full four days old, and the platform has a super active Telegram group numbering 17K. Notably, its Twitter account has accumulated an excess of 28K followers. However, rumors are circulating that the team behind Shiba Inu may be involved with the project, as $SPONGE continues to trade at number one on top DEX site Dextools.

Many investors are eager to get involved in SPONGE, hoping to replicate the success of Pepe Coin. You can purchase SPONGE tokens using wETH on the Uniswap DEX or directly from the SpongeBob Token website. With all the hype surrounding SPONGE, it’s no wonder investors are clamoring to get involved.

Experts predict that $SPONGE could eventually be listed on the top 10 exchanges like KuCoin and Binance. The coin attracts interest from traders and investors who missed out on other popular meme coins like Pooh and Turbo.

The project’s Discord server is also seeing increased activity. Analysts predict parabolic returns on investment for early $SPONGE investors, as the coin is only few days old. Additionally, $SPONGE is trending at No. 1 on Twitter in India. Notably, LBank’s base in China is expected to boost buying in Asia.

Conclusion

SpongeBob is trying to ride the meme coin wave and hoping to make its holders parabolic gains relatively quickly. The inclination to buy meme coins is high. And now might be the right time to buy it. So, if you want to strike wins while the meme coin market is hot, buy SpongeBob tokens today. The investor can jump on the project at the official Sponge to buy the $SPONGE token.

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