{"id":472596,"date":"2024-01-16T14:02:02","date_gmt":"2024-01-16T14:02:02","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=472596"},"modified":"2024-01-16T14:02:02","modified_gmt":"2024-01-16T14:02:02","slug":"sponge-staking-soars-to-five-billion-tokens-locked-as-markets-brace-for-explosive-launch-of-spongev2","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/sponge-staking-soars-to-five-billion-tokens-locked-as-markets-brace-for-explosive-launch-of-spongev2","title":{"rendered":"SPONGE Staking Soars To Five Billion Tokens Locked As Markets Brace For Explosive Launch Of SPONGEV2"},"content":{"rendered":"

Investors are flocking back to the Sponge token ecosystem as market excitement grows for the launch of the next incarnation, Sponge V2.<\/p>\r\n\r\n\r\n\r\n\r\n\r\n

$SPONGE<\/a> saw sensational success amid the meme coin hype of June 2023, as the nostalgic coin triggered a skyrocketing performance, driving $SPONGE up to a jaw-dropping $100m market cap.<\/p>\r\n\r\n\r\n\r\n

Yet, as with many moonshot meme coins, a resounding retracement gripped the chart following an all-time high of $0.002394, as early backers locked in big profits.<\/p>\r\n\r\n\r\n\r\n

But now, the ecosystem is planning to ‘absorb the damp’ once again with the much-awaited launch of the Sponge V2 token.<\/p>\r\n\r\n\r\n\r\n

\"\"<\/figure>\r\n\r\n\r\n\r\n

The hype is real, as the $SPONGE price rallies aggressively into 2024, currently trading<\/a> at an impressive +1,010% increase from its all-time low last year.<\/p>\r\n\r\n\r\n\r\n

Price is now coiled up against resistance around $0.0008, leaving $SPONGE in a bullish pendant pattern, positioning the token to lose a zero on the next upside move.<\/p>\r\n\r\n\r\n\r\n

With late entrants and visionary holders back in profit, the crypto community is once again taking note of Sponge token’s significant growth potential.<\/p>\r\n\r\n\r\n\r\n

Sponge Staking Hits Massive Milestone As Investors Rush To Amazing Current 300%+ APY<\/strong><\/h2>\r\n\r\n\r\n\r\n

To secure the new Sponge V2 tokens, holders and investors have two options available.<\/p>\r\n\r\n\r\n\r\n

For new entrants, Sponge V2 tokens can be acquired with a simple purchase using ETH, USDT, or fiat via the Sponge.vip website<\/a>.<\/p>\r\n\r\n\r\n\r\n

Whilst for the 13,000 long-standing holders of the original $SPONGE token, these holdings must be bridged to Sponge V2 via the straight-forward staking mechanism.<\/p>\r\n\r\n\r\n\r\n

\"\"<\/figure>\r\n\r\n\r\n\r\n

In an added incentive, the staking mechanism is garnering significant interest due to a current market-defying 300%+ staking APY<\/strong> (which currently stands at 317%).<\/p>\r\n\r\n\r\n\r\n

This is proving a hit with long-term holders and new investors alike, as supply has rushed into the staking mechanism, with a current 5,091,822,199 $SPONGE staked for bridging.<\/p>\r\n

<\/p>

🎉 Huge Milestone Alert! 🎉

We've just surpassed an incredible 5,010,192,318 $SPONGE<\/a> tokens staked, valued at $3,998,276.67!

With a current APY of over 300%, our community is thriving like never before.

Join us now and absorb the damp! 🧽💦#SpongeV2<\/a> #Crypto<\/a> #Altcoins<\/a> pic.twitter.com\/KIVvh77dQZ<\/a><\/p>— $SPONGE (@spongeoneth) January 15, 2024<\/a><\/blockquote>