{"id":5030,"date":"2023-05-06T11:24:29","date_gmt":"2023-05-06T15:24:29","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/how-this-crypto-wallet-turned-50k-to-500k-in-a-day-with-new-meme-coin-sponge\/"},"modified":"2023-05-06T11:24:30","modified_gmt":"2023-05-06T15:24:30","slug":"how-this-crypto-wallet-turned-50k-to-500k-in-a-day-with-new-meme-coin-sponge","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=5030","title":{"rendered":"How This Crypto Wallet Turned $50k to $500k In a Day With New Meme Coin $SPONGE"},"content":{"rendered":"
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One trader bought new meme coin $SPONGE on Uniswap and made a 10x return on investment within a little over 24 hours.<\/p>\n

SpongeBob (SPONGE) was listed on May 4th, opening at $0.00002749 and reaching $0.0006533 shortly after, its current all-time high.<\/p>\n

Early Buyers of Sponge Token<\/h2>\n

While he didn’t capture the entire move, one early investor bought 972 million SPONGE for 31.5 Ether, worth just over $50,000 at the time.<\/p>\n

View that $SPONGE purchase here on Etherscan<\/u>.<\/p>\n

That crypto wallet now has a balance valued at $500,000, according to crypto portfolio tracker Debank<\/u>, including 0.45 ETH.<\/p>\n

The trader took profit on 2.5% of his position, selling 25 million $SPONGE so far – appearing confident that it will continue to rise in price.<\/p>\n

A relatively new wallet, Debank records the investors’ net worth as having increased over 52,000%.<\/p>\n

$SPONGE Market Cap<\/h2>\n

The $SPONGE live market cap is $19 million according to CoinMarketCap<\/u>, with a fully diluted valuation of $21 million.\u00a0<\/p>\n

On its launch day Sponge token was among the top crypto gainers, ranking in the top 2-3 coins over that 24 hour period, outperforming leading meme coins like $PEPE, $WOJAK, $BOB and $TURBO in percentage gains.<\/p>\n

Following Uniswap DEX, two centralized crypto exchange (CEX) platforms have also listed $SPONGE at the time of writing – CoinW and Toobit.\u00a0<\/p>\n

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Two exchange listings within its first two days is faster than PEPE at launch, leading to some analysts tipping it for success. The project has stated a top ten exchange is also set to announce their listing of the new meme coin, on Tuesday May 9th.<\/p>\n

Pepe Coin Mints New Multi Millionaires<\/h2>\n

With its explosive rally to an almost $2 billion market cap the day Binance announced<\/u><\/a> they would list the meme token – alongside Floki Inu – $PEPE has created even higher sums of wealth for holders.<\/p>\n

Last month it made headlines that one unknown meme coin investor swapped 0.125 ETH for 5.9 trillion PEPE tokens, worth $250 at the time.<\/p>\n

That position was later valued at just over $1 million in late April – and since then Pepe rallied even further, increasing over 6x from that date.<\/p>\n

Now with a market cap of $1.2 billion after a correction, the Pepe price is consolidating around the $0.000003 mark, having spiked over $0.000004 this week.<\/p>\n

How to Buy SpongeBob<\/h3>\n

Find links to the DEXTools trading pair, a Uniswap widget and links to the social media channels on spongebobtoken.io<\/u>.<\/p>\n

Alternatively visit CoinW or Toobit exchange.<\/p>\n

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Visit Sponge Website<\/strong><\/p>\n<\/p><\/div>\n