Solana-based Meme Coin Smog Surges by 64%
Smog, a multi-chain meme coin, has rapidly gained attention from investors, experiencing a remarkable 64% price surge in just one day.
Whale Interest and Market Performance
Described as “running the greatest airdrop of all time,” Smog has become one of the top performers in the market, attracting significant interest from whales. With a market cap of $186 million, smart money is actively seeking outsized gains, propelling the coin’s price by 64% in a single day.
High-Value Orders Flood the Market
According to DEXTools data, the market has seen a surge in high-value orders, leading to increased demand-side trading activity and causing Smog’s price to skyrocket. In the past seven hours alone, 16 orders exceeding $10,000 have been recorded, with the most substantial buy-in reaching $26,000.
Industry Approval and Potential Upside
The substantial interest from whales is considered a vote of confidence from industry insiders, indicating the potential for further upside. Notably, Smog is the leading Solana meme coin not listed on major exchanges like Binance or Coinbase, raising speculation about possible imminent listings.
T1 Exchange Listing and Airdrop Anticipation
As a dragon-themed meme coin, Smog is poised to dominate the crypto battlefield with its highly anticipated airdrop, allocating 35% of its total supply to the giveaway. Currently available only on decentralized platforms, there is speculation that Smog might be the next significant Solana meme coin to be listed on exchanges like Binance.
Impressive Market Outperformance
With a remarkable 64% increase in the last 24 hours, Smog stands out as one of the best-performing meme coins, boasting a market cap exceeding $20 million. This surge has added $70 million to its market cap within a day, outshining other Solana-based meme coins that have remained stagnant.
Community Strength and Multi-Chain Functionality
Smog’s success is attributed not only to its vast airdrop but also to its multi-chain functionality. With a community of over 50,000 holders, 34,000 Twitter followers, and 16,000 Telegram members since its launch in February, Smog has become a force to be reckoned with in the meme coin space.
Smog’s Community-First Approach
Boasting a 42% staking APY, Smog prioritizes its community, aligning with the ethos of most meme coins. The staking mechanism not only rewards holders and adds utility but also minimizes token sell pressure, allowing incoming demand to positively impact its price.
Token Allocation and Long-Term Potential
According to its website, 50% of Smog’s tokens are allocated to marketing, ensuring long-term potential through potential centralized exchange listings or influencer partnerships. Additionally, 10% of tokens are reserved for CEX liquidity, and the remaining 5% are designated for DEX liquidity.
Exclusive Discount for Market Participants
As an incentive, market participants can enjoy a 10% limited discount when purchasing $SMOG directly from the project’s website.
