Over the weekend, the dynamic $SMOG token achieved a significant milestone by soaring to a new all-time high (ATH), marking its progress toward the year’s most substantial airdrop.
First and foremost, $SMOG surged above $0.127, breaking its previous ATH and reflecting a highly optimistic sentiment as the meme season gains traction.
This surge had a profound impact on Smog Token’s adjusted market capitalization, bringing it ever closer to the coveted $100 million threshold. This achievement is particularly noteworthy for Solana’s emerging and ambitious dragon.
In addition to its price surge, $SMOG also experienced a remarkable increase in its holder base. The number of $SMOG holders surged from 32,000 on Friday, March 1, to over 43,000 by the weekend’s end on Monday, March 4, 2024. This surge underscores the intense demand and growing community support for this token.
Furthermore, $SMOG’s recognition on Jupiter’s exclusive list is another significant development. This acknowledgment signifies $SMOG as a core token offering vetted by the decentralized exchange’s (DEX’s) development team. Such an endorsement adds a new layer of validation and credibility to $SMOG, despite its relatively short existence in the cryptocurrency space.
Significant Airdrop Incoming for $SMOG Investors as Whales Begin Participation
The announcement of a substantial airdrop for $SMOG holders has stirred excitement in the cryptocurrency community, particularly as more significant players, known as whales, begin to show interest in the token.
Airdrops are events where existing token holders receive additional tokens for free, often as a reward for their loyalty or as an incentive to participate in a project. In the case of $SMOG, this airdrop is expected to be one of the largest of the year, attracting attention from both seasoned investors and newcomers alike.
The involvement of whales, which refers to individuals or entities with substantial holdings of a particular cryptocurrency, adds another layer of intrigue to the situation. Whales are known to have significant influence over market dynamics, capable of initiating large buy or sell orders that can impact prices and sentiment.
As whales begin to enter the $SMOG ecosystem, their actions and decisions are closely monitored by the community. Their participation may signal confidence in the project’s potential and could attract even more attention from investors seeking opportunities for profit.
Participants have numerous avenues to earn rewards, including joining the Smog Token community socials, trading $SMOG, participating in daily, weekly, or monthly quests, posting positive comments on CoinMarketCap, and exploring other activities that offer $SMOG rewards.
Over the weekend, significant purchases of $SMOG began to surface. As retail investors are anticipated to enter the crypto market in the coming months, leading to increased Solana activity, it seems that whale traders have recognized the promising potential offered by Smog’s compelling narrative.
🐲 #Dragons, complete your daily #Airdrop quests on #Zealy! 🚁
More quests = higher leaderboard rank! 📊
Don't wait, join the biggest #Sol airdrop ever! 🪂 https://t.co/3EQxvQwsw3
— SMOG (@SMOGToken) February 22, 2024
Could $SMOG be the top newcomer among meme coins?
Tokens like Smog, Dogecoin, Bonk, Pepe, and Shiba Inu have all experienced remarkable gains, with some seeing triple-digit percentage increases in the past week. These gains far outstrip the performance of traditional market leaders like Bitcoin and Ethereum during the same period.
The popularity of these meme coins underscores the whimsical volatility that has attracted many to cryptocurrency investing. Meme coins leverage the cultural significance of their underlying memes and employ viral marketing strategies to gain visibility. Dogecoin, for example, benefits from the widespread popularity of the Doge meme across the internet, making it particularly appealing to crypto enthusiasts.
Among these meme coins, Smog ($SMOG) stands out as a prime example of a meme token with intrinsic value. It was recently listed on the Jupiter and Birdeye DEX aggregators, drawing attention for its unique features. Since its listing, Smog has surged by over 2,500%, driven by factors such as its enticing airdrop mechanism and the promise of substantial rewards for long-term investors who hold onto their $SMOG tokens.
Buy or stake your ERC-20 $SMOG #Tokens through our platform. 💰🐉
Staked tokens are securely locked for 90 days, with rewards available for withdrawal at your convenience. 🔒💸
Every token purchased via our service is automatically staked for you. 🔄
— SMOG (@SMOGToken) February 22, 2024
$SMOG introduces a 10% discount and unparalleled Staking APY on the Ethereum network.
However, Smog Token provides significantly more utility compared to its meme coin counterparts, suggesting it may still be undervalued.
In addition to the forthcoming airdrop benefits for holders, $SMOG stands out as the sole multi-chain meme token offering the speed and efficiency of Solana along with the DeFi functionalities of Ethereum.
Approximately 35% of the total token supply, amounting to 1.4 billion tokens, is allocated for community participants. These participants have the opportunity to purchase and stake $SMOG directly through the Smog website. Over-the-counter (OTC) buyers receive a 10% discount and can enjoy an annual percentage yield (APY) of 42% by staking their tokens in the verified smart contract, along with earning additional airdrop points.
Furthermore, the project developers have allocated half of the total $SMOG supply to an extensive strategic marketing campaign, ensuring the green dragon symbol takes a prominent position on major cryptocurrency platforms. An additional 10% is designated for centralized exchange (CEX) listings, while 5% has already been allocated to decentralized exchange (DEX) liquidity pools.
Embark on a Journey with the Dragon to Reach a New All-Time High with $SMOG
To engage with the Smog ecosystem, users need to utilize a compatible wallet, such as Phantom for Solana or MetaMask for Ethereum.
You can acquire SMOG tokens by exchanging SOL, USDT, or BONK tokens through the Birdeye or Jupiter DEX aggregators. Alternatively, utilize your ERC-20 tokens to purchase and stake $SMOG on the Ethereum network directly through the project’s website, smogtoken.com.
Stay connected with the Smog community on various platforms like X (Twitter), Discord, and Telegram to stay informed about the latest developments and announcements.
As Smog aims to carve its place in the competitive meme coin market, it remains uncertain if it will rise to the top. However, if you’re interested in supporting Smog’s journey, you can explore further and purchase $SMOG tokens here.
