Sponge is a zero-tax memecoin derived from, but not affiliated to, the beloved cartoon character SpongeBob SquarePants. It aims to create a community within the crypto space around this character and "gift the world the best meme coin made according to a secret recipe, like the hamburger in the original cartoon." SPONGE was allegedly built for those who missed out on previous meme coin pumps, providing them with another chance to get positioned early for price explosion.
The coin is focused entirely on the community, and its goal is to increase its market cap to $1 billion, have 100,000 holders and be listed on tier 1 exchanges, amongst others. The memecoin launched directly on Uniswap and gained considerable momentum following its launch.
SpongeBob's price reached its highest on May 8, 2023, when it was trading at its all-time high of $0.002394.
Sponge is a highly speculative investment, and investors should be cautious before investing. It is essential to do thorough research before making any investment decisions.