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Home » Sponge Announces Strategic Transition to SPONGE V2 on Polygon Network After Liquidity Pool Attack – Cryptonews

Sponge Announces Strategic Transition to SPONGE V2 on Polygon Network After Liquidity Pool Attack – Cryptonews

Sponge Announces Strategic Transition to SPONGE V2 on Polygon Network After Liquidity Pool Attack – Cryptonews

Thursday, February 1st, 2024 – Meme coin Sponge has announced the discontinuation of Sponge V1 as it accelerates its migration to the SPONGE V2 Polygon version of the digital asset.The pivot to a solid architecture for gaming, which the fast-growing and scalable Polygon network offers, provides the last piece in the puzzle, following the news released in January of the project’s migration plans.Sponge’s team has decided to bring forward its plans in response to a recent malicious attack on its liquidity pool. All $SPONGE V1 holders are being moved to the more secure, efficient (faster) and cheaper to transact $SPONGE V2… 

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