That’s an incredible amount for a coin that’s just been in circulation for less than two hours. Volume has poured in to an incredible $1 million in a couple of hours due to some of the largest Alpha-finding influencers in the sector highlighting SPONGE as the next meme coin to explode.
As investors pile into SPONGE as quickly as they can, the coin seems likely to pump in the coming days.Īccording to analysts, SPONGE might swiftly emulate the success of meme currencies like PEPE, AIDOGE, and others.
Quicky meme tv#
SpongeBob refers to itself as “the Krabby Patty of meme coins,” which is a reference to the popular burger that appeared in the SpongeBob TV show and which the characters simply couldn’t get enough of. See our guide to the best meme coins to buy here. Given the current PEPE price, however, early investors run the very real risk of being left holding the bag once the pump eventually stops. It is currently trading more than 3,000% above its original asking price, and it looks like it will keep climbing. PEPE has resumed rising after experiencing a brief decline. Within the first 48 hours, the coin had a trading volume of more than $500 million, which was higher than the volume of trading in either Dogecoin or Shiba Inu, the two most popular meme coins, and the price had increased by 4x from its price level. On April 29, when PEPE trading volume began to increase, everything changed. After that, there was unusually not much movement in the market for nearly two weeks. In the days following its debut on decentralized exchanges, PEPE, which went live in mid-April, gave early investors 10 times their initial investment. Despite the fact that the PEPE coin is solely focused on the frog meme and has no real-world use, investors continue to put money into this token. Pepe the Frog, a cartoon frog that has been popular on social media, served as the inspiration for PepeCoin, a meme coin.
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