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As new low-floor tokens gain traction almost every day on the internet, the meme coin frenzy on Solana, like Bonk (Bonk) and Myro (Myro), shows no sign of slowing down.
In recent months, tokens like Bonk and Myro have seen exponential growth, but as investors cash out their profits, both tokens have experienced profit-taking.
As the search for Solana's next meme coin continues, all eyes are on Smog (Smog), a dragon-themed token that is gearing up for a massive airdrop in the coming weeks.
Why Solana has become the epicenter of viral meme coins
The success of animal-themed meme coins like Bonk, Myro, Honk, and others on Solana has piqued the interest of retail investors looking for the next Dogecoin or Shiba Inu.
Due to Solana's fast and low-cost transactions, new meme projects continue to launch, aiming to attract investors' attention.
According to CoinGecko, the current valuation of Solana meme coins exceeds $1.1 billion, with a daily trading volume of $129 million.
This growth has sparked a meme coin frenzy on the blockchain, with influencers, communities, and developers now turning to Solana, rather than primary chains like Ethereum, for their projects.
Given tokens like BONK have demonstrated the ability to generate returns of 100 times or more in a short period, there is a strong interest in discovering and investing in the next viral meme coin on Solana as early as possible.
Is SMOG token the next jackpot after an invisible launch rocketed 3000%?
As investors are now looking for high-growth meme coins, attention is shifting to Smog (Smog) as a viable option.
SMOG's market cap soared after its launch on February 7, skyrocketing over 3000% in the first three days, surpassing a fully diluted market cap of $121 million.
Similar to BONK and MYRO, fair distribution and clever tokenomics have fueled speculation and FOMO around SMOG.
Half of the SMOG supply is reserved for marketing, indicating significant impact and promotional activities in the future.
Additionally, 35% will be allocated for airdrop rewards to community members, incentivizing long-term holding.
There are growing rumors that SMOG is backed by the same team that created the viral meme coin sensation Sponge in May 2023, with sales skyrocketing 100 times.
Traders have positioned early on SMOG, believing that, with the excitement building before the community airdrop, it may follow a similar parabolic trajectory.
To participate in the airdrop, investors only need to purchase and hold SMOG through a DEX or buy and hold shares through the tool on smingtoken.com.
Investors can also earn additional "airdrop points" by registering on Zealy's Smog community and completing social media-related tasks.
As SMOG expands to Ethereum, FOMO enthusiasts and influencers are joining in
The rise of Smog shows no signs of slowing down, fueling speculation that it could be the next Solana-based meme coin competing with BONK.
Interestingly, Smog's developers have bridged the token to Ethereum through PortalBridge. This opens the token to a wider audience of meme coin investors, allowing holders to freely swap between the two chains.
SMOG's social channels have also experienced exponential growth, with over 22,000 Twitter followers and over 13,000 Telegram members.
The team has garnered attention on social media with humorous memes, and several major influencers on YouTube have posted optimistic videos about SMOG.
Notable examples include Jacob Bury, who speculates on its "100x potential," and Crypto Gains, who believes meme coin investors should "get in early."
They all mention the upcoming major airdrop incentives and the rumored listing on centralized exchanges, which could bring more demand.
In summary, all signs point to SMOG for investors seeking high upward potential. With the token's trading price still only at $0.047, the risk-reward ratio seems heavily tilted in favor of speculative buyers. |
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Post time 23-2-2024 04:27:06
