Sponge V2 looks to carry the torch of the red-hot Sponge V1 meme coin. In recent years, meme coins like $SHIB, $DOGE, and $SPONGE have produced sizeable gains for some investors. The latest addition to the meme niche gaining traction is $TSUKA, a new Solana-based token. TSUKA draws inspiration from the Japanese legend of the Dejitaru Tsuka Dragon, said to bring good fortune. In a short period, TSUKA’s price has surged, demonstrating the potential profits meme coins can generate. After skyrocketing over 2,500% seemingly overnight, TSUKA subsequently crashed nearly 90% just as rapidly. For some lucky early investors, TSUKA created tremendous wealth. But for later entrants, the losses were equally extreme.
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