Missed PepeCoin and Turbo? Spongebob Token Meme Coin is Next Crypto to Explode
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It’s been a wild week in the world of meme coins. While the rest of the crypto world has been relatively quiet, meme coin PepeCoin jumped more than 3,000% and Turbo exploded more than 4,000%.
These aren’t even the only meme coins generating huge returns for investors this week. ArbDoge blasted 2,500% higher after its listing. There’s still price action to be traded in PepeCoin and Turbo, but the lion’s share of these explosive price movements is likely behind us.
However, investors who missed out can still get in on the meme coin eruption. A new token, Spongebob ($SPONGE), listed on Uniswap DEX today and is setting up to be the next meme coin to explode.
PepeCoin Pumped 3,000%, Still Moving Higher
PepeCoin is a meme coin based on Pepe the Frog, a cartoon frog that’s been making the rounds on social media since the early 2000s. The $PEPE coin is all about the frog meme and doesn’t offer any utility, but that’s hardly stopped investors from piling into this token.
$PEPE launched on decentralized exchanges in mid-April and within days of listing had delivered 10x returns for early investors. Then it was surprisingly quiet for almost two weeks, with little movement in the price.
That all changed on April 29, when trading volume in $PEPE started to pick up. Within 48 hours, the coin was doing more than $500 million in trading volume - more volume than was trading in either Dogecoin or Shiba Inu, the leading meme coins - and the price had shot up another 4x.
After a brief pullback, $PEPE has resumed its rise. It’s now more than 3,000% above its listing price and appears set to keep pushing new highs. However, given the already high price of $PEPE, investors who jump in now are at severe risk of holding the bag when the pump ends.
Turbo Exploded 4,000% Within 48 Hours of Launch
Turbo launched at exactly the right moment to capitalize on the success of PepeCoin and ArbDoge. The token listed on Uniswap on May 1, just as PepeCoin was hitting peak trading.
The pump started almost immediately, with $TURBO jumping 10x in less than 24 hours. Within 48 hours, $TURBO gained more than 4,000%.
The pump cooled off just as quickly as it heated up, however. The token is down nearly 40% from its peak and trading volume has declined substantially.
Investors who are trying to jump into Turbo now are almost certainly too late.
Spongebob Setting Up as the Next Meme Coin to Pump
Just as Turbo’s launch was timed perfectly with the PepeCoin pump, so another coin is jumping into the frenzy of this week’s explosive meme coin action. Spongebob token ($SPONGE) is a meme coin based on Spongebob Squarepants TV show.
This is a meme coin that’s sure to attract attention, not least because Spongebob is already so popular in meme culture. Spongebob and characters from the show like Squidward, Patrick, and Plankton routinely appear in memes, especially within crypto social media spaces.
And it shows, as within just a few hours after launching on the Uniswap DEX, $SPONGE had already climbed by more than 20%.
On top of that, there’s a lot of nostalgia for Spongebob Squarepants among crypto traders and investors. The show ran on Nickelodeon for 13 seasons starting in 1999. According to Guinness World Records, it was the most-watched children’s TV show of all time.
Many of the kids who grew up watching this show are now in their late 20s and early 30s. That’s the same age group that accounts for the majority of crypto traders.
On its @spongeboboneth Twitter account, Spongebob describes itself as the ‘Krabby Patty of meme coins.’ Spongebob fans will recognize the reference to the irresistible burger that the show’s characters simply can’t get enough of.
Investors can find out more about Spongebob by joining its Telegram group or following the project on DEXTools.
Spongebob Posts Early Returns on Uniswap, Analysts Predict 1,000x Gain
The $SPONGE token listed on Uniswap on May 4 with no presale leading up to the listing. Despite the lack of fanfare, $SPONGE quickly got attention from investors in search of the next big meme coin.
The token climbed from a listing price of $0.00005844 to $0.00007 in just a few hours. Trading volume has also been rising, which suggests investors are taking notice of this new meme coin.
Analysts who follow the meme coin space see a lot of potential in $SPONGE. One even predicted that $SPONGE could deliver 1,000x gains for early investors.
The token has a fixed supply of 40,400,000,000 $SPONGE and a current market cap of just over $2 million. So, it looks as if traders and investors still have a chance to get in on $SPONGE before the pump gets into full swing.
Buy $SPONGE Token
DISCLAIMER: This is not to be taken as investment advice. Crypto is a volatile asset, do your own research before investing and only invest money you can afford to lose. We may receive commission for clicking links in this article.
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