SpongeBob (SPONGE) – the Krabby Patty of memecoins – is having a moment as meme tokens continue to ride high in the crypto charts.
In less than a week since its launch, the SPONGE community-driven token has risen by nearly 3,200%. Its premise is simple – who doesn’t love SpongeBob SquarePants?
And now it’s just been announced that MEXC Global will list SpongeBob from tomorrow 11 May.
This adds to SPONGE’s other availability on LBank, BTCEX, Poloniex, Uniswap, and CoinW.
According to the SPONGE team, more upcoming tier-1 CEX listings are also in the pipeline.
Meanwhile, the weekly SpongeBob airdrop is now live.
To soak up the SPONGE, visit Sponge.vip and sign up to the SPONGE Discord channel, then follow the next steps.
Bikini Bottom community
Having first entered the market on 4 May, SPONGE reached its current all-time high of $0.002394 a few days later on 7 May.
The community-driven memecoin has seen a lot of hype since, and has amassed 38.4k followers on Twitter. It currently holds a 96.7% trust vote on Dextools, along with a 98/99 project reliability score.
At the time of writing, the SPONGE price is currently trading at $0.0008602 and has a market cap of more than $20million, according to CoinMarketCap.
Memecoin season
Right now, memecoins are having their moment in the sun. As of 10 May 2023, four memecoins have made it into the top 100 crypto by market capitalisation – Dogecoin (DOGE), Shiba Inu (SHIB), Floki (FLOKI) and Pepe (PEPE).
According to data from CoinGecko, you would need an average $66,298.25 to become a memecoin millionaire, according to their analysis of 10 meme price returns.
CoinGecko explains: “People can get rich from meme coins or at least make some money from it, if they buy in before the meme coin has gone viral, and sell to take profits instead of holding on.
“For example, by buying $11.87 worth of Shiba Inu (SHIB) when it just launched in 2020, an investor could have become a meme coin millionaire within 1 year and 3 months.”
