It has been done before. There is a video on youtube of someone that did a massive plywood tank, and I recall some other large footprint plywood builds. From what I remember, I think they built full 2x4 frames on the bottom and side walls, but don't remember the spacing of the 2x4s.
The other expensive approach I recall being taken was someone stacked 2x4s on top of each other to build a frame (e.g, like 10 on top of each other) and then they had 3/4in plywood inside.
The other expensive approach I recall being taken was someone stacked 2x4s on top of each other to build a frame (e.g, like 10 on top of each other) and then they had 3/4in plywood inside.