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Spongebob ($SPONGE) is a new meme token that has recently been launched on Uniswap, a popular decentralized exchange (DEX). On the first day of the token’s launch, it generated a trading volume in excess of $8 million and could offer even higher returns due to the growing popularity of meme tokens in 2023.
Our guide will show users how to buy Spongebob token in just a few simple steps. We also cover the basics of this cryptocurrency and discuss the reasons for Spongebob’s popularity.
How to Buy Spongebob Token – Quick Summary
In the sections below, we take a quick look at how to buy Spongebob tokens from the Uniswap DEX:
- Step 1: Create a Crypto Wallet – Users can buy $SPONGE tokens with a compatible wallet. Choose and download a popular wallet such as MetaMask, Uniswap wallet, or Wallet Connect.
- Step 2: Buy Tokens – $SPONGE can be swapped for a range of tokens, including Ethereum (ETH) or Tether (USDT). Purchase one of these tokens from a crypto exchange, and send it to your wallet.
- Step 3: Visit Spongebob and Connect your Wallet – Head to the Spongebob website and click on the crypto wallet you hold. Follow the instructions on-screen to finish the process.
- Step 4: Enter the Swap Amount – Enter the number of $SPONGE tokens you wish to receive. Click on ‘Swap’ to complete the transaction. You will be able to view your $SPONGE holdings in your wallet.
What is Spongebob token?
Spongebob ($SPONGE) is a decentralized meme cryptocurrency that has been built on the Ethereum network. $SPONGE, an ERC-20 token and the native crypto of the network was recently launched on the Uniswap DEX on May 4th, 2023.
One of the largest decentralized exchanges in space, Uniswap has a 24-hour trading volume of more than $650 million. Offering over 1,000 tokens, Uniswap allows millions to access some of the best cryptocurrency tokens from around the world.
With the recent launch of $SPONGE on this exchange, investors will hope that a popular platform such as Uniswap can make the token available to more users and help increase the trading volume.
According to the Spongebob Twitter page, this meme token has been termed as the ‘Krabby Patty of all meme coins.’ As the name suggests, the token has been named after the popular TV show ‘Spongebob Squarepants.’
Why are people investing in Spongebob token?
One of the reasons why users are keen on investing in $SPONGE is due to the monumental growth the token has already offered. After launching at a price of $0.00005844, the token has soared to $0.0003121 at current levels. This equates to a price jump of 434% in just a day.
With a current market cap of just over $12 million, this token has also generated a 24-hour trading volume of over $8 million. Currently, meme tokens such as $PEPE have been soaring in price. $PEPE, based on the popular ‘Pepe the Frog’ meme, has increased by nearly 600% in the past two weeks.
Looking to ride off the success of such meme tokens, $SPONGE aims to be the next token to multiply its price in the coming weeks. According to DEXTools, $SPONGE has a total supply of just 40.40 billion coins.
Join the Spongebob telegram channel to stay updated with this meme token.
How to Buy Spongebob Token – Full Tutorial
Let’s take a step-by-step look of how to purchase $SPONGE via the Uniswap DEX in 2023:
Step 1: Create a Cryptocurrency Wallet
Firstly, investors must download a compatible cryptocurrency wallet before buying $SPONGE.
Some of the best crypto wallets, such as MetaMask and Wallet Connect, are compatible with Uniswap. Alternatively, one can download the Uniswap or Coinbase wallet.
Step 2: Purchase Compatible Tokens
One can purchase $SPONGE by swapping it for other tokens. Some of the best tokens, such as Ethereum, Tether, and USDC, can be purchased from suitable crypto exchanges. Transfer these tokens to your crypto wallet.
Step 3: Connect your Crypto Wallet on Spongebob
Visit the Spongebob website and select the cryptocurrency wallet you hold.
Follow the on-screen instructions and connect the wallet to the exchange.
Step 4: Search for $SPONGE and enter the Purchase Amount
After connecting the wallet, type ‘Spongebob’ on the search bar and click enter.
If you are buying with Ethereum, enter the amount of ETH you wish to swap for $SPONGE. To confirm the transaction, click on ‘Swap’ to receive the tokens.
FAQs
What is the $SPONGE token?
$SPONGE is an ERC-20 token and the native cryptocurrency of Spongebob – a new meme cryptocurrency. The project has been dubbed the ‘Krabby Patty of meme coins.’ Spongebob aims to generate a market cap over $1 billion in the long term.
What is the price of $SPONGE?
After launching at just $0.00005844 per token, $SPONGE has soared by over 434% to a live price of $0.0003121. Currently, $SPONGE has a market cap of over $12 million.
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