Gorilla

Pepe

Sponge

Bonk

Shiba Inu

<p> Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. </p> 
<p class="is-style-lead">Meme coins have struggled over the last 24 hours with PEPE and BONK sliding by 2.51% and 5.2%, respectively. However, traders are backing Sponge V2 to rally as its buy-and-stake campaign rises to $1.9 million.</p> 
<h2 class="wp-block-heading" id="strong-pepe-and-bonk-dropping-strong"><strong>Pepe and Bonk dropping</strong></h2> 
<p>A flash crash in the market caused crypto prices across the board to plunge. However, leading meme coins were among the worst affected, with PEPE and Bonk dropping by double digits.</p> 
<p> You might also like: <a href="https://crypto.news/can-bonk-or-pepe-flip-shiba-inu-to-second-behind-dogecoin/"> Can BONK or PEPE flip Shiba Inu to second behind Dogecoin? </a> </p> 
<p>Yet, while the broader market recovers, PEPE and BONK are in the red. PEPE is down 9.58% this week and 10.35% this month.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/n3wH98jkJXHHC4fXTV15-sPRoZo0xM5znz4GzicI8r7q9iXyD2qw2Kj0It02DcyEC7J46fIoUAY7GPLFgM3gQbawLmjRfoBsV3x70nULd4dw7t0Q9ghsu2QdYkXQUYI4Z12IRTlr3PPIvPfRQ_Y-dSs" alt="PEPE, BONK fall, investors watching Sponge token - 14">
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<p>Meanwhile, Bonk is down 26% this week and 66% from its Dec. 15 all-time high (ATH).</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/ZDC_hSx8k_ffgBbrt13l9e7mDoPdPdFoW0HPvmvBE8VYWow79G_rBb4d_pwOJ3kzCC8Kiuvktn6Vo28xfAE7_Kos-TE8lUkUv-6BuTmLzA74EzshFqe15Em2kcTXkT2l1PCLJKwZeNfsaFaCo8GRdOM" alt="PEPE, BONK fall, investors watching Sponge token - 15">
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<p>Nevertheless, some analysts see these selloffs as potential buying opportunities.</p> 
<p> You might also like: <a href="https://crypto.news/binance-to-list-solanas-bonk-following-coinbase/"> Binance to list Solana’s BONK following Coinbase </a> </p> 
<p>Trader ZaZa <a href="https://x.com/Zaza0x/status/1742499367192269013?s=20" target="_blank">believes</a> PEPE is trading at the bottom of its range and speculates that a move toward $0.0000025 is imminent.&nbsp;</p> 
<p>Currently, Pepe is trading at $0.000000123.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/n3NCj7yrM4gJjvrMk0b74LSdbo9U5UcavJADmYgGbR3_CHt0uUsIqyxVUMGiYhIzNZ06mrdAzL3dhQcbhPX12UPg7GJLtT1q8t_A1zvuf2cfunXwetPsmLufe41zCpcPCLR7Ok84EXwTdN6IuCRvUVA" alt="PEPE, BONK fall, investors watching Sponge token - 16">
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<p>Meanwhile, trader <a href="https://x.com/miragemunny/status/1740461867787858404?s=20" target="_blank">Mirage</a> believes Bonk may recover after selling off from its all-time high. The token may reach $0.00004 and later $0.0000113.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/hwp0Z_rnFKYz-dXhRNmFJNTEqlELzS_qU2KC0Rn57o9U6K5SFdY6WHYjIwIAfexq6sC0piBZc0_swQgI8qg9RTDuiWJBenM6JeQ69oa-qk_57rEj20zfiwaw9nT46H2-zIEQXYlzy5JxoGmAbhR5QOg" alt="PEPE, BONK fall, investors watching Sponge token - 17">
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<p>The bullish sentiment results from a broader market optimism, with Michael van de Poppe speculating that <a href="https://crypto.news/bitcoin-etf-cpi-inflation-dominate-crypto-discourse/" data-type="post" data-id="14234390">spot Bitcoin ETFs </a>may be approved on Jan. 5.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Today might be the day for a <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitcoin</a> ETF approval! <br><br>Big things happening.<br><br>The range remains the same and this is a range for the coming 3-6 months with extremes. I think we'll hit an high in the $48-51K area and capitulation candle towards $36-38K. <a href="https://t.co/kqf6N0sTyc" target="_blank">pic.twitter.com/kqf6N0sTyc</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1743178575149228202?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 5, 2024</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>While this happens, more analysts are closely monitoring Sponge V2.</p> 
<h2 class="wp-block-heading" id="strong-sponge-v2-can-rally-because-of-its-p2e-utility-strong"><strong>Sponge V2 can rally because of its P2E utility</strong></h2> 
<p><a href="https://bs_0b2c3363.crypto-news.care/?referrer=pepe-and-bonk-prices-fall-but-could-sponge-token-explode" target="_blank" rel="noopener">Sponge V2</a> is a new rendition to Sponge, a meme coin which rallied to a $100 million market cap, netting early adopters a 100x ROI.</p> 
<p>The original Sponge was listed in over 10 crypto exchanges. </p> 
<p> You might also like: <a href="https://crypto.news/meme-kombat-sponge-v2-among-5-meme-coins-that-may-rival-pepe/"> Meme Kombat, Sponge V2 among 5 meme coins that may rival PEPE </a> </p> 
<p>It also had over 30K social media followers and 13K holders.</p> 
<p>The team is improving on the project, aiming to absorbing the new meme coin liquidity and provide the community a second chance.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/KT1dxOV35baJVnOnTL7rIpVyMI5MBZ9FkAEPW-rtNlr6BDyDH-YPV8Aagb81oLLEC1XUpYW1tb8mriB_5mv6_bT8NW_ZbQ0bid_AglS97SGs8kK-AKaWSrqgZ0t6Z-xyQwlspE4FOUWAJjrat2njan8" alt="PEPE, BONK fall, investors watching Sponge token - 18">
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<p>Sponge V2 has a play-to-earn (P2E) racing game. Holders can earn free crypto while providing tangible utility to SPONGEV2.</p> 
<p>Ahead of Bitcoin halving, analysts maintain their bullish outlook on the coin.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="🔥 SPONGE V2! Can This 100X Like The 1st One Did! (MEGA URGENT!!)" width="1020" height="574" src="https://www.youtube.com/embed/e4QUlXJWuag?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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<p>Sponge V2 is yet to launch on exchanges. Instead it is only available on the Sponge.vip website via its buy-and-stake campaign.&nbsp;</p> 
<p>Afterward, investors will unstake their Sponge V2 before the token lists on major exchanges.</p> 
<p> Read more: <a href="https://crypto.news/sponge-v2-and-gorilla-lead-meme-coins-as-bonk-falls/"> Sponge V2 and Gorilla lead meme coins as Bonk falls </a> </p> 
<p> Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. </p>

PEPE, BONK fall, investors watching Sponge token

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