Solana airdrops meme coin $SMOG surges, breaks through Bitcoin price adjustment, sets new all-time high

The fastest growing Solana meme coin, $SMOG, is setting new all-time highs as the token price goes parabolic. As $SMOG surges, market participants are asking: Is this the next Shiba Inu?
Amid vibrant trading activity on the Solana memecoin market, the $SMOG token has begun a spectacular rally, gaining 63.78%, propelling this promising airdrop token into the 17th position on the list of the most valuable memecoins.
The challenging move was helped by a sudden influx of $1.9 million in trading volume over the past 24 hours as smart investors flocked to $SMOG’s rally to avoid a broader price correction following Bitcoin’s new all-time high.
$SMOG hits a new record high!
$SMOG Just Surges Above $0.138 After Large Whale Buying!
The momentum is unstoppable - join now!
pic.twitter.com/RhYaSOf4Hj
– Almighty (@Almighty_Gives)
March 5, 2024
$SMOG Price Analysis: How High Can the $SMOG Token Price Go?
As the dragon-themed token’s influence in Asia grows, the significance of recent price action becomes clear. $SMOG has confirmed an upside breakout of a trading channel and is surging to a market cap of nearly $150 million.
Currently, the market price of $SMOG is $0.166 (24-hour increase +42%).
Amid a massive daily move higher (+62%), upside exploration dominated $SMOG’s trajectory, with price action continuing to set new all-time highs (most recent all-time high at $0.19).
However, despite the large upside, $SMOG’s trading channel could see it rise as much as 90% before reaching rising trendline resistance.
Buying power remains in control of price action, with buy trades accounting for 53% of total trades over the past 6 hours.
$SMOG bulls target now is a breakout above the psychologically critical level of $0.20 to create a new all-time high.
Encouragingly, downside risk is limited here by lower support levels between $0.12 and $0.13.
Nearly 50,000 Holders: $SMOG Aims to Become the Most Popular Solana Memecoin
But the excitement isn’t limited to the charts, as SMOG’s airdrop event is rapidly approaching important milestone targets for community growth and engagement.
The strong rise of $SMOG has led to a significant increase in the number of token holders in just a few days, with the current number of holders reaching 49,420.
Join the Smog Airdrop on #Zealy! Smog is the hot new memecoin on the Solana blockchain!
Rewards: Points will be converted to $SMOG at the end of the event!
Join Now
https://t.co/jVLyhRr1tK
1️⃣ Connect to Zealy
2️⃣Complete social tasks
3️⃣ Come back every day to complete more tasks
✅…
pic.twitter.com/KQ7u5eLe0d
– Airdrop Crypto – Token & NFT (@AirdropCrypto68)
March 3, 2024
With only 580 holders left to reach the massive goal of 50,000, $SMOG is on track to become the largest Solana memecoin in the near future. Currently, the largest Solana memecoin $WIF has 69,010 holders.
But the growth of SMOG’s airdrop activity is not limited to simply increasing the number of holders, the number of completions for participating in the Zealy airdrop mission has also surged to over 1,000,000.
Rumored upcoming listing on a major T1 centralized exchange could spark a DogWifHat-like pump
Additionally, rumors are now spreading rapidly in the SMOG community, with insiders suggesting that $SMOG may be listed on major T1 centralized exchanges in the coming days or weeks.
This rumor is not unfounded as a listing on a centralized exchange would be the obvious next big step for $SMOG in its exciting roadmap initiatives such as staking and burning activities.
The listing on the T1 centralized exchange could be a real game-changer for the already surging $SMOG token in terms of price action, and there is also an OTC bonus of 10% when purchasing $SMOG on the official website.
By purchasing $SMOG from the OTC website widget, users can stake their tokens on Ethereum and earn an annualized yield of 42%, a multi-chain feature not found in Smog’s memecoin competitors.
By making it easier for new retail traders to stake $SMOG and linking the token to greater trading volume, $SMOG could potentially achieve 10x growth in the current atmosphere surrounding the Solana memecoin.
For example, on March 5, Binance announced that it would list the $WIF token on the exchange, which caused the rival memecoin to rise by 28% in just one hour (with a trading volume increase of 55% in one hour).
(Blue - $WIF, Orange - $SMOG)
The market frenzy brought about by the Binance news pushed the $WIF token to a market cap of $1.85 billion.
Imagine what a similar move might do to $SMOG, with its relatively low $129 million market cap.
How to buy Smog tokens and join the SMOG airdrop event?
In order to participate in the SMOG airdrop, traders will need to use a Solana-compatible wallet such as Phantom.
Then using SOL, USDT or BONK tokens, users can redeem them for SMOG through the Jupiter DEX aggregator or Birdeye.
To increase your chances of being selected as the Loyalty Pick and boost your airdrop earnings, accept challenges from the Zealy Community Task List.
Join the Smog community on Twitter, Discord, and Telegram to get the latest news and updates.
Please visit Litepaper for more information.
Buy SMOG Here
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