Sponge ($SPONGE) is a popular meme coin that has brought early supporters returns of up to 10,000%. The community recently voted to receive the project’s lucrative staking rewards instantly, with 85.5% voting for instant claim to take advantage of the current 326% APY for stakers on Polygon. The rewards will be paid out to $SPONGE holders after the claim goes live on May 30. Three groups are eligible to claim tokens on May 30: those who bought tokens through the presale widget, those who bridged to Polygon before February 5th, and holders who were captured in a snapshot taken on February 5th after the $SPONGE V1 token was discontinued.
The Sponge project is building its own staking and video gaming community through word-of-mouth, lucrative incentives, and viral marketing. With upcoming milestones such as the token claim on May 30, top-tier CEX listings, and the release of a Sponge video game, investors are moving to Sponge to catch potentially explosive price action. The project aims to establish itself as a major player in the meme coin scene and survive the competitive pre-adoption market by offering more than just laughs to ensure longevity. $SPONGE has shown significant growth since its launch in May 2023, with recent returns of around 10,000%.
$SPONGE V1 quickly gained popularity by offering an enticing ecosystem with numerous opportunities for participants to earn rewards. The project skipped a traditional prelaunch ICO and opted for a direct listing, which led to significant growth, including an impressive rally of 4,000% shortly after launch. It recently upgraded to a V2 on Polygon, where the token is currently priced at $0.002103 in a presale relaunch. The new staking model offers rewards of around 326% for Polygon stakers, with 10 billion $SPONGE tokens already staked and a total value of $24 million staked and bridged.
The community eagerly anticipates $SPONGE landing on major crypto exchanges like Binance and OKX, which could further boost the project’s price and accessibility to retail buyers. Following the claim and potential CEX listings, the upcoming Sponge-themed play-to-earn racing game is expected to attract more players and increase interest in the project. With a dual-revenue staking and gaming model, $SPONGE aims to disrupt larger market cap meme coin rivals like $PEPE, $DOGE, and $WIF. Investors are encouraged to take advantage of the current opportunity to buy and stake $SPONGE before it gains more mainstream popularity through exchange listings.
The Sponge community is actively engaged, with a large following on various platforms. Despite the potential for significant returns, it is important to remember that investing in crypto is high-risk, and individuals could lose all of their capital. This article provides information about Sponge for educational purposes and does not constitute investment advice. Investors should conduct their own research and consider their risk tolerance before investing in any asset class, including cryptocurrency.
