Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»BLOCKCHAIN NEWS»As Bonk drops, Sponge V2 and Gorilla lead the meme coins.
BLOCKCHAIN NEWS

As Bonk drops, Sponge V2 and Gorilla lead the meme coins.

By Crypto FlexsDecember 28, 20234 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
As Bonk drops, Sponge V2 and Gorilla lead the meme coins.
Share
Facebook Twitter LinkedIn Pinterest Email

Investors are once again turning their attention to meme coins to find the next major breakout star for 2024. Sponge (SPONGE) and Gorilla (GORILLA) are soaring as Sponge prepares to launch V2. Meanwhile, BONK, once a popular choice, has fallen more than 60% over the past 13 days.

Sponge V2 aims to build meme coin momentum.

SPONGE will evolve to its next version with the upcoming Sponge V2 (SPONGEV2).

Building on the success of the original SPONGE token, which soared from a market capitalization of $1 million to over $100 million earlier this year, the upgraded version aims to take things to the next level.

According to data from Etherscan.io, there are currently over 11,800 unique SPONGE holders worldwide.

Now SPONGE’s developers aim to replicate this viral growth with Sponge V2.

The token will introduce new features, such as Play-to-Ener (P2E) racing games, to increase its utility and differentiate itself in the crowded meme coin space.

Existing SPONGE holders can earn SPONGEV2 by staking their tokens, and new buyers can exchange Ethereum (ETH) or USDT to automatically enter the staking pool to earn SPONGEV2.

With SPONGEV2 staking returns currently set at 622% per annum, there has been tremendous interest in this setup.

This means that stakers can earn more than six times their initial investment within the first year, assuming returns remain at this level.

Sponge V2 and Gorilla lead meme coins as Bonk drops - 2

With these staking incentives on offer, it’s no surprise that investors are flocking to invest early when yields are so high.

Moreover, building on the momentum of the original SPONGE, there is growing belief that SPONGEV2 could experience significant price appreciation once it is listed on a public exchange.

So all eyes are on SPONGEV2 as it prepares for launch and potentially replicating the success of its predecessor.

Gorillas surge by 51%

While SPONGEV2 is gaining traction, another meme coin called GORILLA is also making waves, surging 51% over the past two days to hit the $0.0077 level.

Combining a cross-chain exchange system and an IDO launchpad, this Ethereum-based project has gained traction thanks to its genuine utility in the meme coin space.

GORILLA’s December surge was partly due to its listings on popular exchanges such as MEXC and Gate.io.

Sponge V2 and Gorilla lead meme coins as Bonk drops - 3

These listings increased GORILLA’s visibility and accessibility, contributing to investor demand.

From a technical perspective, the Gorilla token has rejected a strong support zone around $0.0057, where it was last tested on December 15th.

Moreover, the price of GORILLA is forming a bullish pattern on the 1-hour chart, a pattern that often indicates another price rally.

Pursuing profits will cause Bonk to fall into free fall.

However, not all meme coins are green. BONK has fallen 62% since December 15 to $0.0000134.

Since October, Solana-based meme coins have grown by more than 1,000%, driven by listings on tier-one exchanges such as Binance and Coinbase.

However, the recent decline is mainly due to profit-taking, which often occurs after a sharp rise.

Sponge V2 and Gorilla lead meme coins as Bonk drops - 4

BONK closed in the red for two days in a row, and this trend is expected to continue for a third day.

What is more worrying for BONK holders is that the token has fallen below its 20-day exponential moving average (EMA) on the daily chart. This is often considered a bearish signal by technical analysts.

However, BONK remains the world’s second largest meme coin by daily trading volume and third largest by market capitalization.

Therefore, despite many investors benefiting, BONK’s strong market position suggests that there is continued interest and demand for the token.

Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users must conduct their own investigation before taking any action related to the Company.

Follow us on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The SEC is charged with Unicoin and executives for $ 100 million fraud.

May 21, 2025

AI is a repayment of encryption and is a big bet for the next generation.

May 20, 2025

Circle explores possible sales of Coinbase or Ripple during the IPO plan.

May 19, 2025
Add A Comment

Comments are closed.

Recent Posts

Bitcoin is ready to ‘evaporate’ shorts when the price discovery of more than $ 110K begins

May 21, 2025

The SEC is charged with Unicoin and executives for $ 100 million fraud.

May 21, 2025

Trader says Bitcoin (BTC) warns a weak reversal signal, and there is a gold meeting steam for the next leg.

May 21, 2025

AI agents simplify health care innovation: tumor board preparation

May 20, 2025

It announces the provision of the largest regulatory futures in Europe to strengthen its leading market in the region.

May 20, 2025

Bitcoin Open Interest has a high record with BULLS for New BTC Price Highs.

May 20, 2025

TRON won Etherrium for $ 23.4B every day -Detailed.

May 20, 2025

Reppo starts the world’s first liquid node sales and pioneering data infrastructure.

May 20, 2025

NVIDIA CEO Jensen Huang is in the AI ​​infrastructure industry

May 20, 2025

Ether Leeum price finally rose 90% when the indicator was optimistic.

May 20, 2025

Mim coins that brew more in Solana

May 20, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bitcoin is ready to ‘evaporate’ shorts when the price discovery of more than $ 110K begins

May 21, 2025

The SEC is charged with Unicoin and executives for $ 100 million fraud.

May 21, 2025

Trader says Bitcoin (BTC) warns a weak reversal signal, and there is a gold meeting steam for the next leg.

May 21, 2025
Most Popular

The best global encryption exchange binary that lists a new blockchain game token through the launchpool platform

March 29, 2025

Solana Phantom Wallet Flips Coinbase App Amid Memecoin Changes

November 28, 2024

The Birth of Bitcoin: A Financial Revolution Explained | Dark Side – Defi Information

January 9, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.