Solana meme coin Bonk slumps as new token SMOG rockets over 800% with community airdrop and 100x potential.
The once high-flying Bonk (BONK) token has experienced a significant decline, with its market capitalisation dropping below the $1 billion mark. This downturn has prompted investors to explore alternatives, including the newly launched Solana meme coin, Smog ($SMOG).
According to data from CoinMarketCap, Bonk’s market cap, which previously soared past the $1 billion milestone, has now dwindled to $660 million. This decline is indicative of both a decrease in the token’s price and a reduction in its usage in transactions.
The decline in Bonk’s value is further highlighted by its price trajectory. Previously valued at $0.000024 around mid-December, the token’s price has since plummeted, currently trading at $0.0000099.
Additionally, sentiment analysis tools reveal a negative sentiment surrounding Bonk since late December, further underscoring the skepticism among market participants regarding the token’s short-term recovery prospects.
Amidst Bonk’s decline, investors are turning their attention to alternative investment opportunities, with a notable contender being the newly launched Smog ($SMOG) token on the Solana network.
Smog’s Impressive Debut
Riding on the recent success of Solana (SOL), Smog has made a remarkable debut, achieving an 849% gain within 24 hours of its launch on the Jupiter DEX. This impressive performance has garnered significant attention within the crypto community, with over 11,500 views for Smog’s listing page and almost 1.2k traders interacting with the token.
Smog is being developed by a team experienced in web3 projects. Moreover, Smog distinguishes itself with its dragon-themed branding and upcoming airdrop event for holders, presenting itself as a compelling alternative to tokens like Bonk.
Partnerships and Roadmap
The token’s success is not only attributed to its unique features but also to strategic partnerships and a well-defined roadmap. Smog’s partnership with Zealy for the launch of an extensive airdrop campaign has contributed to its widespread adoption and community engagement.
The airdrop campaign, dubbed the ‘Greatest SOL Airdrop of All Time’, encourages users to participate in quests and activities to earn points, fostering active engagement within the Smog ecosystem.
Leaderboards showcasing top contributors and community initiatives further incentivise participation and trading, enhancing the token’s utility and value proposition.
Potential for Growth
As investors seek the next lucrative opportunity reminiscent of early investments in tokens like Dogecoin (DOGE) that led to over 1,000 DOGE-made millionaires, Smog’s strong start and promising outlook may attract those looking to capitalise on the potential for 100x growth.
With Solana rebounding from recent setbacks, Smog’s launch signals a new era of opportunity and growth within the platform’s ecosystem, presenting investors with an enticing investment option to acquire $SMOG at its lowest price point before it 100x.
To buy $SMOG, users must head to Jupiter decks and connect a Phantom wallet or other Solana-compatible wallets, then purchase $SMOG with either SOL, USDT, BONK, etc.
