PINKY token (a play on Mr Beast’s Dog) has pumped up 100x as Solana meme coins continue to post astronomical gains. But what does this PINKY price analysis reveal and could this other lesser-known meme coin be next?
This PINKY price action comes as recent months have seen a huge trend in explosive DEX-traded token moves, with countless Solana meme coin moon-shots garnering significant attention, including ‘2024′, SOLAREUM, Joe on SOL, BINK, BONG, MUSK, FLUB, PUMA, HOPPY and AWIF.
I have no words. $PINKY is taking over Solana
#1 on Dexscreener
$6.7M volume
Unstoppable right now pic.twitter.com/N9d66hj1xy— Jackson Hunter (@jhuntermav) January 24, 2024
Despite the quirky play on the name of Mr Beast’s dog, trader sentiment remains intensely bullish, with market commentators seemingly in awe at the outrageously large pump over the past 24-hours.
PINKY Price Analysis: Pinky Token Has Erupted in 100x Price Pump – But Could it Retrace?
With PINKY price firmly in the consolidation zone, Pinky Token is currently trading at a market price of $0.00002007 (representing a 24-hour change of +346,155%).
This comes after a slow initial launch, which saw price trade between $0.00000000085 and $0.0000575 for the first 12-hours.
However, at 1AM UTC, PINKY price took off in a dramatic explosion that saw price accelerate +5,493% to hit an all-time high around $0.0003953 across 5-hours.
Yet, over the subsequent 4-hours, price has entered minor localized retracement, which has so far seen price action sink -40%.
But, with PINKY price analysis revealing that price remains within a healthy consolidation zone, a well-defended performance at this level could set the stage for a major second pump.
Indeed, with a market cap of $2.33m for a novel meme of Mr Beast’s Dog, it would not be unrealistic to expect price to 2x if this occurs.
However, some risk could emerge from a miniscule $90.1k liquidity pool – which offers little capacity for a sell-off.
Worse still this liquidity pool remains unlocked, suggesting outsized risk for late-entrants into this breakout Solana memecoin.
For this reason, a lesser known memecoin Sponge V2 is gaining substantial traction – and could offer an alluring and more profitable alternative.
Sponge V2 Launch ($SPONGEV2): A New Era in Meme Coin Evolution – Poised To Outperform 2024 Token and Other Solana Memecoin?
Sponge V2, the latest iteration of the renowned Sponge ($SPONGE) meme coin, is making waves in the cryptocurrency market.
Following the phenomenal success of Sponge V1, which peaked at nearly $100 million in market cap and amassed over 13,000 holders, Sponge V2 arrives with promising innovations and opportunities for investors.
How to Acquire Sponge V2
Acquiring Sponge V2 is unique:
- Stake Sponge V1: Buy and stake V1 tokens via Sponge.vip or stake your existing V1 tokens.
- Earn More V2: The longer and more V1 tokens you stake, the more V2 tokens you earn.
Read more: Best Crypto to Invest In 2024
Staking Mechanics and P2E Integration
Sponge V2 introduces Play-to-Earn (P2E) utility, enhancing its ecosystem.
Stake your V1 tokens to earn V2, and engage in the upcoming P2E game to earn additional $SPONGEV2 tokens.
Moreover, this P2E game, a new utility in the Sponge ecosystem, will feature both free and paid versions for enhanced gaming and earning experiences.
Unique Aspects of Sponge V2 Over PINKY Price Analysis
- Exclusive Access: Earn $SPONGEV2 exclusively through $SPONGE staking.
- Bonus Rewards: Buying and staking $SPONGE offers special $SPONGEV2 bonuses.
- Passive Earnings: Staked $SPONGE tokens yield passive rewards, starting at a minimum 40% APY.
- Permanent Transition: Staking V1 tokens will result in their permanent locking, shifting the focus to V2 post-launch.
Roadmap and Future Prospects
Sponge V2’s roadmap is ambitious, targeting 10,000 holders, Tier 1 CEX listings, and a $100M market cap.
The launch stages include the Sponge game’s development and the Sponge V2 claim and listing.
Sponge V2 is not just a sequel to its predecessor; it’s a reinvention with a focus on utility and community engagement.
The integration of P2E and exclusive staking mechanisms make it a standout project in the meme coin domain.
Stay updated on Sponge V2’s journey through social channels and witness its growth in the crypto world.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital. Source
