By CryptoNews - 3 months ago - Reading Time: 3 minutes
BINK Token Skyrockets 30,000% and This Other Meme Coin Could Explode Next
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.
$BINK is ripping it off pic.twitter.com/Swsy8jSEye
— 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.Read more: Best Crypto to Invest In 2024
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.
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.
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Original source: CryptoNews