The $SMOG token is a new Solana meme coin that is set to be listed on a centralized exchange (CEX) soon, marking an important event for the project. The team behind $SMOG has encouraged its community, known as #Dragons, to prepare for the listing and continue earning reward points before the end of the first season airdrop. Rumors suggest that the listing could happen as early as next week and may be followed by another CEX listing. The second season airdrop will focus more on on-chain trading, according to the announcement.
Meme coins are known for their volatility in the crypto market, with drastic price movements that can lead to significant gains or losses. $SMOG stands out from other meme coins with its fire-breathing dragon theme, drawing inspiration from Smaug, the dragon from The Hobbit. The token has seen highs of $0.26 in February but is currently trading at $0.17, showing a 330% increase from 30 days ago. Market narratives such as Bitcoin’s halving and the possibility of an Ethereum ETF approval are expected to impact prices across the market and add to $SMOG’s meme appeal in the near term.
Solana has emerged as a strong contender to Ethereum for token creation, hosting a growing number of popular meme coins like DogWifHat, Bonk, and Slerf. $SMOG launched on the Jupiter decentralized exchange (DEX) in February and has been promoting community engagement through its airdrop program. Investors can participate in the airdrop by funding a Solana-compatible wallet with SOL, USDT, or BONK and then using the funds to acquire $SMOG on the Jupiter DEX aggregator or Birdeye. Holding $SMOG tokens grants access to ‘The Dragon’s Court’ community, where users can earn rewards through staking or completing daily quests and community tasks.
As part of the $SMOG airdrop program, users can stake their tokens for 90 days to earn rewards or engage with the community on social media platforms like Twitter, Discord, and Telegram to increase their potential airdrop earnings. The team encourages investors to stay updated on news and updates by interacting with the community and reading the Litepaper. However, it is important to note that crypto investments are high-risk, and investors could potentially lose all of their capital. It will be essential for participants to stay informed and exercise caution when investing in volatile assets like $SMOG and other meme coins.
