SpongeBob Airdrop Collaboration and CEX Listing

Updated: 14 May 2023

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Cryptonews has teamed up with one of the most popular memecoins, Spongebob, to host a unique airdrop for the cryptonews and other crypto communities. Through this collaboration, the partner communities will have access to the exclusive SPONGE token airdrop, which debuted on the crypto exchange Bitget.

How to take part in the $SPONGE Airdrop

To participate in the SPONGE token airdrop, all you have to do is join their Discord group and follow these easy steps. Connect your Discord, Twitter, email, and wallet. Points will be awarded for the following actions once the conditions for an airdrop have been met:

Engagement in Discord and on Twitter. You must have achieved “highly engaged” status to qualify.

The amount of $SPONGE purchased.

The amount of $SPONGE traded on Uniswap or sponge.vip (centralized exchanges don’t count toward trading volume as this can’t be seen).

New scores will be added each week, and the leaderboard will be updated (each week, the leaderboard will be refreshed, and new scores will be posted).

To take part in the one-of-a-kind $SPONGE airdrop, which is available to all holders of $SPONGE. See our guide on how to buy SPONGE token here.

Popularity of the $SPONGE token grows as it is added to more major trading platforms

The new memecoin known as the SpongeBob Token was added to the Uniswap DEX on May 4th. The market capitalization of the project increased from $2 million to a maximum of $96 million after the token witnessed remarkable growth in just a few days after exploding by more than 3000%.

Yet the beginning of the week brought a pessimistic narrative to the entirety of the cryptocurrency market, which led memecoins, including SPONGE, to begin dropping in value.

On the other hand, despite the decline in price, SPONGE was still able to get listed on a number of other tier-1 exchanges. During the last week, the token was listed for trading for the first time on LBank, which was immediately followed by the listing of the token on Poloniex, and MEXC Global listed SPONGE in the following week.

? #SPONGERS!!! ?

You can now get some $SPONGE on @gate_io! ??

Don't miss it!?

? https://t.co/lDGSBf8kaO pic.twitter.com/wZo8AJK4rE

— $SPONGE (@spongeoneth) May 12, 2023

On Friday, May 12th, 2023, only one week after its successful launch, the much-anticipated meme coin SPONGE made its listing debut on Bitget and Gate.io. As a result of this listing, SPONGE is now available for trade on eight exchanges, making it more accessible than any other meme coin.

The project’s FOMO may be seen in the flurry of exchange listings, as the high daily trading volume is an attractive form of revenue for exchanges. Because of the high cost of using the Ethereum network to buy SPONGE, investors are pleased with the recent inclusion of new exchange listings.

Visit and learn from our guide to the best meme coins to buy here.

SpongeBob token continues to resist the downward trend of memecoin

When compared to other memecoins, such as PEPE and TURBO, the SpongeBob Token is in a league of its own because it has the support of alpha callers behind the project. Unfortunately, whales have in fact taken advantage of PEPE to boost its worth to as high as $1 billion,

milking the worth of the token and squeezing as much value out of it as they possibly can. As a direct consequence of this, PEPE has already dropped by more than fifty percent from its all-time high, and whales are beginning to move their funds from PEPE to investments in SPONGE.

It has been said that the Spongebob Token is the Krabby Patty of memecoins, which is a reference to the iconic television show from which the token derives its inspiration. Memecoin continues to attract new investors since its market value is less than $30 million, giving it plenty of room to rise.

Even with a 10x increase, SPONGE’s market cap would only be $300 million, which is still less than PEPE’s current market cap. Because of this, whales are investing heavily in the Nickleodon-themed memecoin $SPONGE because they expect larger returns than in other cryptocurrencies.

The overwhelming level of fear of missing out on this token is primed to push $SPONGE into a different stratosphere, and it won’t be long before the token starts to reach its previous all-time high again and create new memecoin millionaires.