
The Explosive Rise of Meme Coins: Pepe, SPONGE, and AiDoge
A trader bought 972 million SPONGE tokens for 31.5 Ether, worth just over $50,000, and made a 10x return on investment within a little over 24 hours. The crypto wallet now has a balance valued at $500,000, according to crypto portfolio tracker Debank. $SPONGE has a live market cap of $19 million and has been listed on two centralized crypto exchange platforms. The project has stated a top ten exchange is also set to announce their listing of the new meme coin.
