Bitcoin
Bitcoin (BTC)
$57,838.00 1.08552
Bitcoin price
Ethereum
Ethereum (ETH)
$3,132.61 1.10482
Ethereum price
BNB
BNB (BNB)
$534.03 1.51166
BNB price
Solana
Solana (SOL)
$138.96 2.17263
Solana price
XRP
XRP (XRP)
$0.4760340 5.89886
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000165 1.53668
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000088 -1.5835
Pepe price
Bonk
Bonk (BONK)
$0.0000230 -2.17449
Bonk price
Bitcoin
Bitcoin (BTC)
$57,838.00 1.08552
Bitcoin price
Ethereum
Ethereum (ETH)
$3,132.61 1.10482
Ethereum price
BNB
BNB (BNB)
$534.03 1.51166
BNB price
Solana
Solana (SOL)
$138.96 2.17263
Solana price
XRP
XRP (XRP)
$0.4760340 5.89886
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000165 1.53668
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000088 -1.5835
Pepe price
Bonk
Bonk (BONK)
$0.0000230 -2.17449
Bonk price
Bitcoin
Bitcoin (BTC)
$57,838.00 1.08552
Bitcoin price
Ethereum
Ethereum (ETH)
$3,132.61 1.10482
Ethereum price
BNB
BNB (BNB)
$534.03 1.51166
BNB price
Solana
Solana (SOL)
$138.96 2.17263
Solana price
XRP
XRP (XRP)
$0.4760340 5.89886
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000165 1.53668
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000088 -1.5835
Pepe price
Bonk
Bonk (BONK)
$0.0000230 -2.17449
Bonk price
Bitcoin
Bitcoin (BTC)
$57,838.00 1.08552
Bitcoin price
Ethereum
Ethereum (ETH)
$3,132.61 1.10482
Ethereum price
BNB
BNB (BNB)
$534.03 1.51166
BNB price
Solana
Solana (SOL)
$138.96 2.17263
Solana price
XRP
XRP (XRP)
$0.4760340 5.89886
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000165 1.53668
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000088 -1.5835
Pepe price
Bonk
Bonk (BONK)
$0.0000230 -2.17449
Bonk price

WIF and BONK slide, traders considering alternative meme coin

Partner Content
WIF and BONK slide, traders considering alternative meme coin

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Popular meme coins like dogwifhat (WIF) and Bonk (BONK) are down in the past 24 hours. Meanwhile, investors are exploring Sponge V2 (SPONGEV2).

WIF retracing

WIF is down to $0.369 as trading volumes shrink in tandem.

This selloff follows its listing on Binance and KuCoin.

Traders are likely taking profits, forcing prices lower.

WIF and BONK slide, traders considering alternative meme coin - 1

Still, supporters are bullish on WIF.

The recent listing present a new audience of potential buyers; a move that might support prices.

Moreover, whales are also accumulating; a net positive.

Bonk hype fading

After rallying to $0.0000179, BONK is down by around 34% to $0.0000118.

Social volume and sentiment have also cooled considerably, with Twitter and Reddit mentions slowing.

WIF and BONK slide, traders considering alternative meme coin - 2

Besides, BONK traders are bearish as most begin taking profits.

Of all positions, shorts comprise 59%.

Sponge V2’s has a unique proposition

As interest cools in Solana-based meme coins, attention is on Sponge V2.

This Ethereum-based meme coin could address some of the limitations that have held back WIF and BONK in the past few days.

WIF and BONK slide, traders considering alternative meme coin - 3

Unlike meme coins relying solely on hype, Sponge V2 is designed as a utility token.

This project will include a play-to-earn (P2E) racing game where SPONGEV2 will power in-game rewards.

By racing and ranking on the leaderboards, players can earn more SPONGEV2, creating an engaging gameplay experience.

This P2E integration gives SPONGEV2 a unique value proposition compared to no-utility coins like WIF and BONK.

WIF and BONK slide, traders considering alternative meme coin - 4

Additionally, SPONGEV2 builds upon the existing community behind the original Sponge (SPONGE) token.

SPONGE holders can bridge their tokens to the new SPONGEV2 using a staking portal that offers rewards of 300% per year.  

With both a P2E gaming setup and a bridge from an established token base, Sponge V2 looks to differentiate itself in the meme coin space.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.