As eye-watering volatility continues to supercharge meme coin price action, one coin is sending ripples through markets as whales ape in for a second pump.
The new kid on the blockchain, SpongeBob Token ($SPONGE), is making waves, showing resilience amidst a downturn and promising a bright investment future.
$SPONGE, which made its debut recently, has defied the market downturn caused by Bitcoin's dip to $25k and demonstrated an impressive growth from its all-time low of $0.00007261.
Currently priced at $0.0004646, with a circulating supply of 24.6 billion tokens (61% of the max supply of 44 billion tokens), $SPONGE is not just another meme coin; it is a potential market disruptor.
Despite a 24-hour price dip of -12.22%, it recently made headlines with its launch on the BitGet and Gate.Io centralized exchanges (CEX), signalling growing market interest and accessibility.
Now listed on seven CEXs - Poloniex, LBank, CoinW, MEXC, Bitget, and Toobit, $SPONGE is set to increase its reach with more listings expected soon.
Some are even speculating $SPONGE could be headed for a Binance listing.
High trading volumes ($4.795 million in the last 24 hours, with CEX volume being $3.8 million and DEX volume $981,000) and locked liquidity of $7.34 million create an ideal market condition for new investors to dive in.
Aside form the poised bottom technical structure, primary reason for $SPONGE's success is its growing and active community.
With over 12.74k holders and a total of 13.1k transactions, $SPONGE's popularity is growing at an unprecedented rate.
Recent partnerships with Tamadoge and rumors of a potential alliance with the popular GameFi project Battle Infinity are fuelling a wave of FOMO among potential investors.
Moreover, $SPONGE's
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