In the latest memecoin pump, BONK token spin-off BINK token has exploded +30,000%, and now traders are speculating this other meme coin could explode next after BINK crypto skyrocket.
This comes as recent months have seen a huge trend in explosive DEX-traded token moves, with countless moon-shots garnering significant attention, including the ever-popular APX, SAMBO Bot, CHEEBS, TIME, ZKGROK and IO.
— Moucha (@iuften) December 7, 2023
However, BINK token is part of a new trend for Solana based memecoins, which are cheaper to trade vs ERC-20 tokens – stifled by Ethereum’s excessively high gas fees.
Other recent Solana-based meme coins to pump include, SOLAREUM, Joe on SOL, and BONKITA.
BINK Price Analysis: Is BINK Destined For Moon-Shot Or Is Rally Fatigue Setting In?
With price action continue to push up on a bullish trajectory, BINK crypto is currently trading at a market price of $0.002268 (representing a 24-hour change of +26,600%).
This comes following an alluring bullish rally, which saw BINK price launch off at 10AM (UTC) on January 8, rising rapidly in a snowball growth from $0.0000007315 to an all-time high of $0.002268.
The +35,000% rally of BINK crypto seems to be driven by an influx of over $12.15k in trading volume. This is a notably small amount for such a significant pump, especially with just 271 holders.
This is matched by a miniscule liquidity pool of just $17.75k, which is significantly less than the massive $2.28m market cap – highlighting a red-flag for potential investors.
Yet, despite the overhead risk, buy-pressure remains strong, with BINK witnessing 77% buy transactions over the past hour as FOMO-trader appetite grows.
But this isn’t necessarily misplaced, with typical Solana breakout pumps hitting above $5m market cap regularly, this suggests that BINK crypto could still perform a 2x move from current levels.
However, with retail investors looking for more lucrative returns, traders are honing on the next big meme coin Sponge V2.
Sponge V2 Launch ($SPONGEV2): A New Era in Meme Coin Evolution – Poised To Outperform BINK?
Sponge V2, the latest iteration of the renowned Sponge ($SPONGE) meme coin, is making waves in the cryptocurrency market.
Following the phenomenal success of Sponge V1, which peaked at nearly $100 million in market cap and amassed over 13,000 holders, Sponge V2 arrives with promising innovations and opportunities for investors.
How to Acquire Sponge V2
Acquiring Sponge V2 is unique:
- Stake Sponge V1: Buy and stake V1 tokens via Sponge.vip or stake your existing V1 tokens.
- Earn More V2: The longer and more V1 tokens you stake, the more V2 tokens you earn.
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Staking Mechanics and P2E Integration
Sponge V2 introduces Play-to-Earn (P2E) utility, enhancing its ecosystem.
Stake your V1 tokens to earn V2, and engage in the upcoming P2E game to earn additional $SPONGEV2 tokens.
This P2E game, a new utility in the Sponge ecosystem, will feature both free and paid versions for enhanced gaming and earning experiences.
Unique Aspects of Sponge V2 Over BINK Token Price Pump
- Exclusive Access: Earn $SPONGEV2 exclusively through $SPONGE staking.
- Bonus Rewards: Buying and staking $SPONGE offers special $SPONGEV2 bonuses.
- Passive Earnings: Staked $SPONGE tokens yield passive rewards, starting at a minimum 40% APY.
- Permanent Transition: Staking V1 tokens will result in their permanent locking, shifting the focus to V2 post-launch.
Roadmap and Future Prospects
Sponge V2’s roadmap is ambitious, targeting 10,000 holders, Tier 1 CEX listings, and a $100M market cap.
The launch stages include the Sponge game’s development and the Sponge V2 claim and listing.
Sponge V2 is not just a sequel to its predecessor; it’s a reinvention with a focus on utility and community engagement.
The integration of P2E and exclusive staking mechanisms make it a standout project in the meme coin domain.
Stay updated on Sponge V2’s journey through social channels and witness its growth in the crypto world.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.