2024

Sponge

Shiba Inu

Coin

<p>Leading 2024 meme coin Sponge token is racing towards its staking deadline at 11PM UTC – so don’t miss out on your last chance to stake and qualify for Sponge V2.</p>    
<p>This comes as the <a href="https://insidebitcoins.com/visit/sponge" rel="nofollow">highly anticipated deadline</a> for the transition from Sponge V1 to Sponge V2, to facilitate its new gaming ecosystem, is due to take place at 11:00PM on Monday, February 5th.</p>   
<p>This migration from Ethereum to Polygon marks the end of the first iteration of the much-loved Sponge V1 token, which is due to be phased-out and defunded later today, and heralds the arrival of the successor V2 token.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Today is your last chance to stake your <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPONGE</a> V1 tokens before the transition to <a href="https://twitter.com/hashtag/SPONGE?src=hash&amp;ref_src=twsrc%5Etfw">#SPONGE</a> V2!<br><br>⏰ Deadline: 5th February 11 PM UTC<br><br>If you do not stake your <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPONGE</a> tokens you will not recieve any <a href="https://twitter.com/hashtag/SPONGEV2?src=hash&amp;ref_src=twsrc%5Etfw">#SPONGEV2</a>.<a href="https://twitter.com/hashtag/MemeCoin?src=hash&amp;ref_src=twsrc%5Etfw">#MemeCoin</a> <a href="https://twitter.com/hashtag/Presale?src=hash&amp;ref_src=twsrc%5Etfw">#Presale</a> <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw">#Web3</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> <a href="https://t.co/IUSHYrv014">pic.twitter.com/IUSHYrv014</a></p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1754429710027694358?ref_src=twsrc%5Etfw">February 5, 2024</a>
</blockquote>    
<p>Analysis of the decision to migrate to a new token has seen the move <a href="https://www.youtube.com/watch?v=7elQVu1L4N8">labeled ‘bullish’</a> by crypto analysts, with the transition aiming to migrate the community onto a more secure and efficient blockchain environment.</p>   
<p>The decision was expedited following an exploit against the original Sponge smart contract – which necessitated an accelerated move to V2 due to a liquidity unlock set for February 6th.</p>   
<p>By moving to the Polygon network, Sponge V2 not only delivers cheaper and faster transactions, but also limits the scope of impact from the ERC-20 smart contract hack.</p>   
<p>Yet, the benefits of the transition to a Polygon-based model don’t stop there, with the change to Layer-2 likely to bolster the project’s plan to deliver a<a href="https://insidebitcoins.com/visit/sponge" rel="nofollow"> decentralized play-to-earn game</a>.</p>   
<p>Indeed, while a MATIC transaction costs between 0.1 and 0.5 MATIC (around $0.077-$0.30 USD), an Ethereum transaction typically costs around $2.50 USD – highlighting the huge savings afforded by the move.</p>   
<h2 id="strong-investors-rush-in-less-than-12-hours-to-stake-sponge-token-before-polygon-migration-strong"><strong>Investors Rush In: Less Than 12-Hours To Stake SPONGE Token Before Polygon Migration</strong></h2>   
<p>The race to secure a slice of the Sponge V2 pie is on, and in order to secure the new Sponge V2 tokens, holders and investors have two options available.</p>   
<p>For new entrants, Sponge V2 tokens can be acquired with a simple purchase using ETH, USDT, or fiat via the <a href="https://insidebitcoins.com/visit/sponge" rel="nofollow">spongetoken.vip website</a>. Purchased tokens must be staked, however, in the official staking pool to be redeemed 1:1 for Sponge V2 tokens.</p>   
<p>For the 13,000 long-standing holders of the original $SPONGE token, any holdings must be bridged to Sponge V2 via the straight-forward staking mechanism.</p>   
<p>Trading on centralized exchanges will also cease after today, and holders are being asked to withdraw their $SPONGE tokens from exchanges and stake them on <a href="https://insidebitcoins.com/visit/sponge" rel="nofollow">spongetoken.vip</a>&nbsp;before the snapshot deadline at 11PM UTC tonight.</p>   
<p>For those that fail to stake their tokens, V2 swaps are still available, although at a standardized 1:1 swap ratio – without additional token yield from the staking mechanism.</p>   
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/sCvFoere7PG6_whzUQFGbC_CMWO_Irlz59DgDSgOhalAei7tlwQb3RvJdP8_u3Mml8f7jlcwYK3-chanVOuuZ5pJNzhkCmCP4zYue6cKcN92Ev0uTPARXbDhbdaxlbXOtXxglD-nhqwAkusxVBa9fVaOKngZWcTXtxlUdyrclGioSRQoAwv6dHQUSX9e1Q" alt="">
</figure>   
<p>Indeed, the numbers speak for themselves, with the novel staking mechanism gaining major traction due to the eye-catching 211% staking APY – which offers a market-defying opportunity to supersize returns on the short timeframe.</p>   
<p>A significant 7,676,212,335 $SPONGE tokens are already poised for bridging to Sponge V2 as the Sponge community embraces the move (<a href="https://www.coingecko.com/en/coins/sponge">valued at</a> a whopping $5.7m USD).</p>   
<h2 id="strong-meme-coin-market-rallies-amid-growing-optimism-over-sponge-v2-token-strong"><strong>Meme Coin Market Rallies Amid Growing Optimism Over Sponge V2 Token</strong></h2>   
<p>Amid the burgeoning success of the Sponge V2 transition, market confidence has grown in the Sponge project, and this has led to token value appreciation over the past week.</p>   
<p>Currently trading on a week-on-week gain of +13.3%, Sponge token is standing at a market price of $0.0006784 ahead of the end of the V1 staking.</p>   
<p>This sees Sponge token trading at a premium to comparably popular meme coins such as Shiba Inu (SHIB), which has seen losses of -0.65% in the same time period.</p>   
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/1M0rcxMtVmgsYpJYD6MrOdLMWbbZyOcHrvKd4J_k3S8cIJwpVFhjSIxdhfduv0RKXpFs-kcpxPZeV5cuVVTWxLFWfMh-CdeKrr_2nO4RAIFSA09IDHN-anI9F7MJDWcwl69IbOCJ8sUq64B0kuOdlJrkzYFublxfa1ZFAKYuda9Ct4BOWb2MYUDyZRMmoA" alt="">
</figure>   
<p><a href="https://coinmarketcap.com/currencies/sponge/">(Sponge – Blue, SHIB – Orange</a>)</p>   
<p>Sponge token’s strong outperformance has been fuelled predominantly by anticipation of a second Sponge bull-run this year following the transition.</p>   
<p>Traders are expecting Sponge V2 to parrot the incredible surge up to $100M market cap that was undertaken by the original Sponge token in Spring 2023.</p> 
<p><iframe title="Why SPONGE Meme Coin Can 20X Your Money?! (BIG POTENTIAL)" width="640" height="360" src="https://www.youtube.com/embed/7elQVu1L4N8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p> 
<p>So don’t miss out on the most anticipated meme coin vertical shake-up of February 2024.</p>   
<p><a href="https://insidebitcoins.com/visit/sponge" rel="nofollow">Join staking</a> to secure your Sponge V2 – before it’s too late, and follow Sponge on <a href="https://twitter.com/spongeoneth">Twitter</a> and <a href="https://t.me/Spongeoneth">Telegram </a>here.</p>   
<p><a href="https://insidebitcoins.com/visit/sponge" rel="nofollow"><strong>Buy Sponge Here</strong></a></p> 
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Top Meme Coin Surges 13% In A Week As Investors Gear Up for 11 PM Sponge V2 Bridging Deadline – Stake Now, Time Is Running Out!

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Inside Bitcoins

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