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How This Crypto Wallet Turned $50k to $500k In a Day With New Meme Coin $SPONGE

One trader bought new meme coin $SPONGE on Uniswap and made a 10x return on investment within a little over 24 hours. SpongeBob (SPONGE) was listed on May 4th, opening at $0.00002749 and reaching $0.0006533 shortly after...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

How This Crypto Wallet Turned $50k to $500k In a Day With New Meme Coin $SPONGE
One trader bought new meme coin $SPONGE on Uniswap and made a 10x return on investment within a little over 24 hours.
SpongeBob (SPONGE) was listed on May 4th, opening at $0.00002749 and reaching $0.0006533 shortly after, its current all-time high.
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.
View that $SPONGE purchase here on Etherscan....
Read More: How This Crypto Wallet Turned $50k to $500k In a Day With New Meme Coin $SPONGE

Why this matters

This altcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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