Next Pepe Coin SPONGE Price Pumps 100% in 5 Days as V2 Bridging Hype Explodes
Meme Coin Sponge revisited its previous year’s 100x gains, surging 84% in 24 hours to $0.00114. This spike was fueled by excitement over its V1 to V2 bridging.
There’s now speculation about whether SPONGE V2 could mirror Pepe’s success and potentially see a staggering 4,046% increase in its price.
One YouTube crypto analyst points out that $SPONGE has advanced 10x from recent lows and looks well placed for even bigger gains ahead.
$SPONGE reached a high of $0.001214 in 2023, but broke through that level earlier today to make a new all-time high of $0.001248, killing a zero in the process by losing a decimal point.
Buyers have taken a breather but the intent is clear, so higher price highs are expected imminently.
To claim the new optimized-for-gaming SPONGE V2 token, the original V1 token needs to be staked. So far 4,180,869,939 tokens have been deposited in the bridging contract to the value of $4,503,802.76.
Once staked the tokens will automatically be bridged. The date of the bridging event is yet to be announced, so token holders are urged to keep an eye on the project socials: X and Telegram.
For those who want to gain exposure to SPONGE V2 and do not already own SPONGE V1, they must purchase the V1 version and then stake in the bridging contract, as explained on the Sponge.vip website.
On a technical view, the breach of resistance at the previous all-time high means that the token is ripe for further bullish progress.
Stakers are currently enjoying a reward rate of 387% – a yield that helps to explain the buying behind the price appreciation. Clearly, new money is coming into Sponge attracted by the new utility features of SPONGE V2.
Also helping to encourage bullish traders is the recent news that Tron founder Justin Sun
