Top Performing Meme Coin, $SPONG, Gets Price Explosion – MEXC Lists Thursday, More Listing Announcement

SpongeBob Token ($SPONGE) is a new and buzzing meme coin in the crypto space. The token grabbed attention with its funny, cute, and distinctive symbol, believed to bring good luck. 

The excitement about Sponge Token is also linked to its resemblance to the popular old-school cartoon character with the same name.

The meme coin has seen explosive growth in the crypto industry within a very short period as it strives to overtake the Pepe Coin (PEPE). Many investors and crypto enthusiasts are now grabbing $SPONGE due to its continuous gains. 

In a new development, a Seychelles-based crypto exchange, MEXC Global, listed $SPONGE on Thursday, May 11, at 10:00 UTC.

Besides MEXC, $SPONGE is already listed on five other crypto exchanges. Also, an unnamed exchange is expected to announce the listing of the meme coin on Thursday, May 11. 

Currently, $SPONGE is listed on BTCEX, Poloniex, Toobit, CoinW, LBank, MEXC Global, and an unnamed exchange.

$SPONGE is Among Top-Performing Meme Coins

SpongeBob has shown massive potential for growth in just a week after its launch. The meme coin was launched without any presale and has scaled to emerge among the top-performing meme coins in the industry.

Data from CoinMarketCap revealed that $SPONGE surged by over 690% over the past 7 days. As of Wednesday, May 10, the 7-day price active for $SPONGE indicated an over 1.000% increase. 

This impressive performance exceeded most of the currently trending meme coins in the industry. 

At the time of writing, the 24-hour trading volume for $SPONGE has hit over $20 million, indicating a surge of 143.27%. Already the meme coin boasts over 10.200 people in its community of holders.

$SPONGE Overtakes PEPE In Several Areas

The meme coin sector has seen a massive influx of several tokens with different functionalities. 

Among the frenzy-sparking coins is Pepe Coin (PEPE). However, $SPONGE has gradually overtaken PEPE within the short period of its existence.

On the Uniswap Dextools,  $SPONGE rose to become the No. 2 top token while PEPE dropped out of the top 10. 

Also, the DEXTscore value for $SPONGE moved from 11 to 98 in just a few days.

Additionally, $SPONGE has a higher potential for growth with its global reach on demographics. 

Its symbol imbibes the popular cartoon character Spongebob which appeals to many enthusiasts, unlike PEPE.

$SPONGE Team Has Created Many Tokens

The team behind $SPONGE has created many successful coins whose valuations scaled to billions of dollars. 

The meme coin team is believed to have a connection with the leading NFT marketplace OpenSea. Also, there’s a rumor linked to Elon Musk though he maintained a mysterious disposition. 

The team’s strong industry connection is evident in the speedy popularity of $SPONGE CEX listings without any presale. 

Compared to PEPE, $SPONGE rose in just a few days, while the former took almost three weeks to scale high.

Additionally,  the Twitter Spaces event for $SPONGE is one of its kind that pulled massive weight. 

The event was hosted by a crypto investor and NFT enthusiast, moonpie666 (@mushmoonz), on May 9, with over 1,900 people in attendance. Some of the $SPONGE community members that attended the event learned more about the team.

The host mentioned that $SPONGE is backed by a financially-stable venture company with records of building secured and relevant marketing strategies. So, the firm has all it takes to raise the meme coin among the top 100 crypto assets globally.

Huge Profits For Early Buyers of $SPONGE

$SPONGE offers the potential of massive gains to early buyers even as a newly launched token.

The Spaces event revealed a YouTuber, Michael Wrubel, who gained with his $SPONGE tokens. Wrubel, who has over 300,000 subscribers to his YouTube Channel, gained $100,000. 

$SPONGE is also garnering more interest on social media. In just a few days, the Twitter account has over 38,000 followers. 

Similarly, the Telegram account has gathered over 19,000, while the Discord server has over 2,000 people, with the majority always online.

Elon Musk Recalled Older Tweet Of Being A Sponge

Though no clear indication of Elon Musk’s full involvement in SpongeBob Token remains, rumors are flying around.

Musk recalled an older tweet about being a sponge recently. This post has sparked excitement among the $SPONGE community as members press him to act according to his past words.

Moreover, Musk’s friend, Matt Wallace, has recently indicated following the $SPONGE Twitter account. 

The $SPONGE official Twitter page welcomed Wallace through a tweet in his timeline, which he responded to.

Good to see @MattWallace888 has come to absorb some damp! 🚀🌕

— $SPONGE (@spongeoneth) May 7, 2023

Wallace’s involvement with the meme coin could support the rumor of Musk’s interest in $SPONGE.

$SPONGE Holders To Get Airdrop

SpongeBob Token will be airdropping some coins to $SPONGE holders. Crypto enthusiasts could sign-up on $SPONGE Discord and become eligible. 

After signing up, you will share your Discord, email, Twitter, and wallet addresses. 

Currently, there’s no indicated cutoff date for the airdrop’s eligibility. So, you can buy and own $SPONGE coins and become eligible now. 

Here are the three criteria for the award of airdropped tokens:

• Your engagement status on Discord must read ‘Highly engaged.’
• Amount of $SPONGE you purchased.
• Amount of $SPONGE you trade on Uniswap. 

Note that the $SPONGE systems don’t recognize CEX volume.