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An incendiary new Solana meme coin called $SMOG is landing on a centralized exchange (CEX) “very soon,” according to the token’s progenitors’ latest announcement on social media.
The SMOG team promises the listing will be a landmark event. The announcement’s wording urges #Dragons (the pet name for denizens of $SMOG’s army) to “get ready for the first $SMOG Exchange Listing coming very soon.”
While details about the listing are scarce, rumors suggest it could arrive as early as next week and may be accompanied or followed by a second CEX listing.
The team also urged $SMOG holders to continue fulfilling their daily quests to earn reward points before the season one airdrop ends in just over six days. The second season airdrop will have a heavier focus on on-chain trading, the announcement says.
$SMOG 🐉 | The greatest #Solana #Airdrop of all time! 🔥
Buy, hold, and complete quests on #Zealy to qualify in the airdrop and climb the leaderboard! 🥇
🌐 20K+ Participants on Zealy
👥 96.71K+ Holders
💰 $145.04M+ MC
✅ 1.9M Quests Completed🪂 Airdrop link in bio!🔗 pic.twitter.com/ztTNkdkv6V
— Smog_Token (@Smog__Token) March 13, 2024
$SMOG Soars 330% In A Month
Due to their tendency to exaggerate price movements in the wider market, meme coins have a reputation for being some of crypto’s most volatile investments.
When they balloon, they can go virtually to the moon, but on a bad day meme coins can be a sink, draining value quicker than any other class of crypto.
The market is crowded with dog-themed coins. Everywhere investors look, some four-legged Shiba Inu look-alike is soliciting their money under names like DOGE, SHIB, and FLOKI.
$SMOG is a fire-breathing dragon. His name is a not-so-hidden reference to Smaug, the fire-breathing guardian of gold in The Hobbit. But unlike Smaug, $SMOG wants to offload some of his treasure onto you in his upcoming airdrops.
Over on $SMOG’s chart for the last month, we can see fleeting highs of $0.26 throughout much of February. However, the token is currently retracing at $0.17 as it hovers above a key psychological support before the next leg higher.
As $SMOG wrestles with events on the broader market, data by CoinGecko puts the token price 330% higher than it was 30-days ago, a clear sign of the surging demand for the token.
Two narratives will gain traction in crypto over the next two months and affect prices across the market: Bitcoin’s halving and the possibility of an Ethereum ETF.
Bitcoin’s halving on Apr 19, 2024 will slash mining rewards in half, causing a supply squeeze as the market has to adjust to the institutional demand created by the launch of eleven spot Bitcoin ETFs back in January.
Halvings have historically caused Bitcoin rallies, which have gone on to add value to the whole market.
The following month, the SEC will decide whether to approve or reject Ethereum ETF applications, meaning that market narratives will powerfully supplement $SMOG’s standout meme appeal in the near term.
$SMOG, The Greatest Airdrop In History
Ethereum has long been the number one blockchain for token creation, but Solana is giving it a very strong reason to watch its back.
That’s because Solana meme coins have risen in popularity recently, with names like DogWifHat, Bonk, and Slerf posting some eye-watering rallies recently.
$SMOG launched on the Jupiter decentralized exchange (DEX) on February 7, 2024.
Known by its clarion call: “no meme coin can survive the fiery flames of SMOG”, the token encourages community building and engagement through its ambitious airdrop.
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
Each $SMOG token grants its holder access to ‘The Dragon’s Court’ crypto community – making their wallets eligible to earn rewards in the airdrop program.
Users can stake their $SMOG for a vesting period of 90 days to earn rewards, or they can join the community on Zealy to complete daily quests and community tasks that will boost potential airdrop earnings.
Engage with the community on X (Twitter), Discord, and Telegram so you don’t miss out on any news or updates.
Read the Litepaper to find out more and Buy SMOG Here
Smog (SMOG) – Meme Coin With Rewards
- Airdrop Season One Live Now
- Earn XP To Qualify For A Share Of $1 Million
- Featured On Cointelegraph
- Staking Rewards – 42% APY
- 10% OTC Discount – smogtoken.com
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