Looking for crypto’s next great thing? If so, check out $SPONGE, a new meme coin that’s making waves. This essay will examine what makes $SPONGE unique and why it’s a good investment.
MEXC to list $SPONGE
MEXC, a top-7 centralized exchange, will list $SPONGE on May 11. $SPONGE is already listed on five CEXs in 48 hours. MEXC, an exchange with a 9/10 trust score, should improve $SPONGE’s market credibility and visibility.
$SPONGE outperforms meme coins.
According to CoinMarketCap data, meme currencies had the highest average price today, up 51% despite the recent crypto meltdown. $SPONGE is the most traded coin on Uniswap, the top decentralized exchange. $SPONGE is the #1 meme coin in its category after five days of trading, returning 1,290%.
$SPONGE trades heavily on Uniswap.
Despite its lesser market cap, $SPONGE has $11 million of locked liquidity on Uniswap, the largest of any meme coin. This shows that $SPONGE has large interests and is less susceptible to price manipulation by short-termist whales.
Will Musk buy $SPONGE?
Elon Musk may have created or promoted $SPONGE, but there is no proof. However, numerous crypto figures, including Elon Musk’s friend Matt Wallace, have started following $SPONGE on Twitter.
More $SPONGE CEX listings.
Uniswap’s high trade volume makes $SPONGE an attractive investment for centralized exchanges listing new coins. Due to increasing liquidity and order flow, $SPONGE may experience price pumps with more CEX listings. Its high locked liquidity to market cap ratio makes it less susceptible to price manipulation, allowing the price to rise quickly.