SPONGE Staking Skyrockets to 5 Billion Tokens Locked as Markets Brace For Seismic Launch of SPONGEV2
Tuesday, January 16th, 2024 – Investors are flocking back to the Sponge token ecosystem, as market excitement grows for the launch of the next incarnation Sponge V2.
$SPONGE 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.
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.
But now, the ecosystem is planning to ‘absorb the damp’ once again with the much-awaited launch of the Sponge V2 token.
The hype is real, as the $SPONGE price rallies aggressively into 2024, currently trading at an impressive +1,010% increase from its all-time low last year.
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.
With late entrants and visionary holders back in profit, the crypto community is once again taking note of Sponge token’s significant growth potential.
In order to secure the new Sponge V2 tokens, holders and investors have two options available.
For new entrants, Sponge V2 tokens can be acquired with a simple purchase using ETH, USDT, or fiat via the Sponge.vip website .
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.
In an added incentive, the staking mechanism is garnering significant interest due to a current market-defying 300%+ staking APY (which currently stands at 317%).
This is proving a hit with long-term holders and new investors alike, as supply
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