As Solana meme coin markets remain super-charged, Mr President (PUTIN) coin has exploded a stunning 22,184% overnight.
This article will provide an analysis of PUTIN’s current price trends and look to see whether a newer meme coin, SMOG, represents a more promising investment opportunity at this time.
$PUTIN WILL SENT TOGETHER WITH NUCLEAR WEAPONS https://t.co/dO03blebKl
— Mr.President (@GoHardLikePutin) February 15, 2024
With the promise of ‘going hard like Vladimir Putin’, the new PUTIN coin appears to be a dark comedy play on the Russian President, with virality unlocked through humorous engagements across social media.
PUTIN Price Analysis: As PUTIN Coin Enters Retracement – Can Mr President Reach The Moon?
In the midst of a downside move, Mr President is currently trading at a market price of $0.2334 (representing a 24-hour change of +37,650%).
This comes after an explosive launch, which gained almost immediate traction upon DEX listing, triggering a 14-hour climb to hit an all-time high around $1.19.
The dramatic value accrual was fuelled by more than $1.75m in trading volume.
Yet, as early-holders took profit on an alluring +28,473% gain, retracement and price correction set into the chart, initiating a now -81% downside move.
PUTIN price is now left fighting to defend lower support above $0.145, an area that could be flipped to a bounce if bulls gain control over price action.
Indeed, over the past hour, 59% of transactions have been purchases, suggesting that buy pressure remains dominant over PUTIN’s price trajectory.
But while this might bode well, some concern emerges from the relatively small liquidity pool, which remains unlocked (risking a honeypot play) and represents just 10% of the current market cap of $225.47k.
This could create illiquidity for swathes of the 787 holders remaining positioned.
For this reason, smart money investors are shifting their attention in the Solana chain to a new project aiming to spark a high-octane airdrop campaign.
Introducing SMOG Token: Defiant New Solana Meme coin Sets Out to Trigger Viral Airdrop Campaign
$SMOG champions the slogan “No meme coin can survive the fiery flames of SMOG,” offering holders access to the elite ‘The Dragon’s Court’ crypto community.
This community aims to achieve unmatched virality in the meme coin domain.
They do this by launching exciting, interactive, and continuous multi-airdrop campaigns to playfully engage users.
To participate, individuals must purchase and retain $SMOG, which allows them to earn airdrop points. Although the exact rewards and specifics of the airdrop campaigns are yet to be revealed, the sense of anticipation is growing.
Moreover, $SMOG holders can benefit from a community bounty produced by the campaign, further incentivizing the retention of their holdings.
SMOG Token Aims To Unlock Major Virality Through Airdrop Campaign Community – Huge 50% of Token Supply Designated to Marketing
The Smog project’s tokenomics highlight the team’s commitment to achieving viral success for their airdrop campaign.
Developers have earmarked a significant 50% of the supply for marketing, showcasing their ambitious plans.
They have reserved a significant 35% of the supply for future airdrop rewards, highlighting the promise of attractive prizes.
Efforts to decrease the circulating supply position the SMOG token for a stronger start compared to previous Solana meme coin surges like BONK, which has seen an impressive +862% year-to-date (YTD) gain despite its pullbacks.
Discover The Dragon’s Lair: Exploring Smog Token’s Extensive Roadmap
The project’s future is outlined in a detailed roadmap, showcasing several exciting milestones.
Key highlights include the introduction of a staking feature, suggesting upcoming airdrop initiatives. Additionally, discussions of a potential burn mechanism and plans for multiple future airdrop launches are noteworthy.
Uniquely, the project also lists the milestone target of achieving 10,000+ so-called ‘Loyal Chosen’.
Joining this exclusive and enigmatic group requires selection and a pledge to the SMOG realm via several community initiation rituals. This commitment comes with the promise of enhanced airdrop rewards.
How to Buy SMOG Token and Participate in SMOG Airdrop Campaign?
In order to participate in the SMOG airdrop campaign, traders will need to use a Solana-compatible wallet such as Phantom.
Then using SOL, USDT, or BONK tokens users can swap for Smog via the Jupiter DEX aggregator or Birdeye.
To improve your likelihood of selection for the Loyal Chosen and enhance your airdrop earnings, engage in completing the community task list on Zealy.
Join the Smog community on X (Twitter), Discord, and Telegram to stay tuned with the latest news and updates.
Explore the Lite Paper to find out more.
Buy SMOG Here
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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