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SpongeBob is creating buzz in the meme market, and SPONGE’s momentum is expected to continue following the three crypto exchange listings. SpongeBob was named among the top ten meme currencies on CoinMarketCap yesterday, surpassing Pepe in terms of percentage growth.
Exponential Growth of SPONGE
Since its May 4 introduction in the late afternoon, SpongeBob (SPONGE) has had an escalating rise unlike any other. In contrast to other meme coins, SPONGE wasn’t advertised prior to launch; it was quietly posted on the Uniswap DEX. The token’s price rocketed dramatically in the hours following its debut.
As of the moment, SPONGE is worth $0.00134 and has increased by 148.95% over the last 24 hours. SpongeBob token already has a market worth of over $55 million, which is remarkable for a token introduced less than a week ago, based on on-chain analytics platform DEXTools.
Additionally, SPONGE has attracted more than 5k holders, demonstrating the project’s enormous momentum. As much as $98,000 was put into the intriguing new cryptocurrency by one whale. With renowned crypto analytics platform CoinMarketCap choosing to list the token less than 24 hours after its first debut, things just seem to be getting better for SPONGE.
SpongeBob token’s listing on CoinMarketCap was expedited despite the fact that new crypto projects often had to wait weeks to be accepted. Additionally, as curious investors look to learn more about the project’s prospects, SpongeBob official Twitter page has seen a quadrupling in followers over the past few hours.
Find the full SpongeBob crypto update in the vide above, follow his YouTube channel for more crypto-related contents. Also, Jacob Crypto Bury runs a Discord channel with 12k members where users can get trading tips and learn about upcoming cryptocurrency presales.
SPONGE Crypto Exchange Listings
Today, the LBank exchange debuted the new meme coin SPONGE. An additional $5,000 prize pool deposit campaign has been announced by LBank. Pepe lost to SpongeBob in terms of how long it took to get its first CEX listings. There are rumored to be an increasing number of listing inquiries coming in for SPONGE.
The coin was swiftly approved for listing by exchanges after they were surprised by the growing buying interest in the coin and the substantial liquidity supporting the initiative. Yesterday, SPONGE was listed on CoinW and Toobit, which has been beneficial for DEX buyers with little funds who were having trouble covering gas costs.
🔆 Stake $MONG to Earn $5,000 in $SPONGE (SpongeBob) on LBank @spongeoneth
Gain daily $SPONGE without locking!
🔔 May 8 – May 15, 8:00 (UTC)
👉 Stake here: https://t.co/UHvU9lK8NI
♟ Details: https://t.co/xYBFHzsf8E pic.twitter.com/19lsjX2Ncf
— LBank.com (@LBank_Exchange) May 7, 2023
According to several key indicators, including the time it took to secure its initial CEX listing described above, SpongeBob is expanding more quickly than Pepe. There are rumors that there will be more DEX and CEX listings soon. Guide on how to buy SPONGE token here.
If SPONGE follows Pepe’s trajectory, it is reasonable to anticipate that it will soon start to appear on top 10 exchanges. The future forecast for SPONGE and its investor community is really positive, thus this could out up being one of the biggest meme currency launches of the year.
See our guide to the best meme coins to buy here.
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