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Solana’s SMOG or Meme Kombat – Can One of These Viral Meme Coins Replace BONK?

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Solana meme coins are whipping up a frenzy in the crypto market.

The latest sensation is SMOG, which went on to climb around 1400% on its release and continues to top the charts. Meme Kombat ($MK) is another viral meme coin that has caught the attention of the market. Although $MK has yet to be launched, that hasn’t stopped it from igniting FOMO. The GambleFi meme coin is now close to $8.5M in its hot presale.

Here is an analysis of both SMOG and Meme Kombat and how they stack up against each other.

Solana Stealth Launch SMOG is Sizzling Hot With a 1400% Surge – More Coming?

There is more to the growing FOMO around SMOG than its Solana affiliation.

To begin with, the SMOG community is eagerly awaiting a huge airdrop event. The mounting anticipation around the upcoming airdrop, combined with the social media sentiments around the token, make the perfect recipe for a meme coin mania.

In a strategic approach, the project is fueling the excitement around the airdrop with diverse marketing campaigns. As expected, they have kindled a bull run for the meme coin, helping it amass a large base of investors in a short time.

The meme coin could witness more price surges in the coming days as the hype grows to new heights. To give a better perspective, the token has set aside 35% of its supply for airdrop rewards. And a gigantic 50% of the supply is used for marketing efforts, across various crypto publications and social media channels.

VISIT THE SMOG WEBSITE

More than Just Another Solana Meme Coin

The intriguing narrative and theme that underpin the project have the potential to attract and retain investor attention in the days ahead.

According to the website, “The mighty Smog reigns over the crypto battlefield, incinerating all his foes. As the dragon fire burns, the Greatest Airdrop in History gathers pace. No other meme coin can survive the fiery flames. Buy and hold $SMOG to gain airdrop points and join the dragon in vanquishing his enemies!”

The roadmap also instills faith in the project’s future:

The multi-airdrop campaign will lay the groundwork for SMOG’s community-building endeavors. The uniquely interesting goal to attain 10,000+ ‘Loyal Chosen’ individuals, on the other hand, adds to the community craze.

Together, these strategic elements will encourage the community to retain their SMOG tokens for greater rewards over the long term. Investors who hold onto their $SMOG will also qualify for the community bounty.

For more specifics regarding the rewards and the airdrop campaign, join the SMOG community on Twitter, Telegram, and Discord.

The Next BONK?

SMOG is inspired by the success of Solana meme coins like Myro, Bonk, and Dogwifhat. They took the market by storm earlier this year by kindling massive crypto pumps upon their launch.

But the ambitious airdrop initiative gives SMOG a strong competitive edge in the market.

SMOG’s massive surge after the stealth launch hints at its growth potential. It boasts a stronger beginning compared to competitors like BONK. While BONK charted an impressive one-year return of 892%, SMOG has the potential to outperform its contemporaries.

SMOG on the Top Gainers list

Meme Kombat Turns Meme Coin Rivalry into Price Action

Meme Kombat ($MK) is the next meme coin to keep an eye on this week.

The project taps into the fierce competition among meme coin communities, and directs it toward its AI-driven virtual battle arena. Iconic meme coins like DOGE, SHIB, and PEPE engage in intense battles for dominance in the battle arena.

Users who stake $MK tokens can predict the outcomes of these AI-powered battles and earn compelling rewards.

The launch of Meme Kombat Season 1 will kick off soon after the presale. Meme Kombat’s GambleFi arena has the potential to influence the price action of the meme coin market in the future.

Verdict: SMOG or Meme Kombat?

SMOG capitalizes on its theme and hype to pump meme coin mania. Meme Kombat, on the other hand, pumps meme coin mania to drive its price action through an AI virtual battle arena.

It remains to be seen which will emerge as the winner and secure the third position on the meme coin chart.

But the fact that the crypto market is going through another bullish phase ahead of Bitcoin halving will catalyze the price action of both Meme Kombat and SMOG.

To buy SMOG and stand a chance in the airdrop campaign, traders will need to set up a Solana-compatible wallet such as Phantom. Participating in the community tasks listed on Zealy will improve the chances of winning the airdrop rewards, as well as entering the ‘Loyal Chosen’ group.

SMOG is now live on Jupiter DEX. For more details about the meme coin and detailed instructions on how to grab it before the next surge, visit the official SMOG website.

Meme Kombat, however, is still in the presale phase. It has a cheaper entry point than SMOG, as a result. In other words, it offers more space for growth, expansion, and returns.

But there is little time left for early investors, with the presale already past the $8.4M milestone. Staking is live for $MK presale investors.

Visit the Meme Kombat presale page for more information.

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

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Ethereum Foundation, Whales, and Hackers: What’s Driving the ETH Sell-Off?

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TL;DR

  • Whales, hackers, and the Ethereum Foundation wallets moved over $500M in ETH through large sales and withdrawals.
  • Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July.
  • Staking inflows hit 247,900 ETH, the highest in a month, locking more supply from trading.

Large Withdrawals and Whale Activity

Ethereum (ETH) has seen heavy movement from major wallets over the past few days. On-chain data from Lookonchain shows a newly created wallet pulled 17,591 ETH, worth $81.62 million, from Kraken in just two hours. 

Over three days, two new wallets withdrew a combined 71,025 ETH, valued at $330 million, from the exchange.

One of these wallets, address 0x2A92, has withdrawn 53,434 ETH, worth $242.34 million, in two days. This includes a recent purchase of 30,069 ETH, valued at $138.46 million, during a market drop.

Major ETH Holders Offload Millions Amid Price Rally

In contrast, several separate entities have been disposing of some ETH holdings. A wallet tied to a hacker address 0x17E0 sold 4,958 ETH for $22.13 million at $4,463, securing a profit of $9.75 million. Earlier this year, the same address sold 12,282 ETH at $1,932 and later bought back part of the amount at higher prices.

A different whale sold 20,600 ETH for $96.55 million over the past two days, generating a profit of more than $26 million after holding the position for nine months. 

Meanwhile, an Ethereum Foundation-linked wallet, 0xF39d, sold 6,194 ETH worth $28.36 million in the last three days at an average price of $4,578. 

Recent sales from the same wallet included an additional 1,100 ETH and 1,695 ETH for over $12.7 million combined.

Network Activity on the Rise

CryptoQuant data shows Ethereum’s total tokens transferred have been climbing since August 9. After ranging between 1 million and 3 million ETH through late July and early August, transfers have risen to 4.6 million ETH, approaching the monthly high of 5.2 million recorded in mid-July. This increase has occurred alongside a price rally from about $3,400 to $4,600.

Ethereum (ETH) Tokens Transferred (Total)
Source: CryptoQuant

Interestingly, staking inflows generally stayed between 20,000 and 80,000 ETH per day over the past month. On August 14, inflows jumped to 247,900 ETH, the highest in the period. 

At the time, ETH was trading near $4,600. Large staking deposits reduce the amount of ETH available for immediate trading, as staked coins are locked for a set period.

Ethereum (ETH) Staking Inflow Total
Source: CryptoQuant

In the meantime, ETH trades at $4,647 with a 24-hour volume of $68.25 billion, down 2% on the day but up 19% over the week.

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Massive DOGE Whale Activity Hints at $1 Breakout

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TL;DR

  • Whales bought two billion DOGE this week, lifting their combined holdings to 27.6 billion coins.
  • A single 900M DOGE transfer worth $208M to Binance drew attention to large exchange movements.
  • DOGE broke key resistance, with momentum building for a possible push toward the $1 price mark.

Price and Market Moves

Dogecoin (DOGE) traded at $0.23 at press time, slipping 4% over the past day but still showing a 2% gain for the week. Daily turnover came in at about $6.18 billion. 

Meanwhile, the broader crypto market saw over $1 billion in liquidations. Hotter-than-expected US Producer Price Index data pushed traders to scale back expectations of a near-term Federal Reserve rate cut. DOGE had roughly 290,500 coins liquidated during the sell-off.

On the two-week chart, analyst Trader Tardigrade notes that DOGE has cleared a downward-sloping resistance line after completing what appears to be a “wave V” in an Elliott Wave sequence. Similar setups in the past, where prolonged declines stayed within falling channels before breaking higher, have been followed by sharp rallies.

Momentum gauges are also turning up. The Stochastic RSI, which had dropped into oversold territory, is now heading higher. Previous reversals from this zone have coincided with sustained upward moves. The current formation points to a possible run that could carry DOGE past the $1 mark.

Heavy Whale Buying and Large Transfers

As reported by CryptoPotato, blockchain data shows large investors have added two billion DOGE in the past week, spending just under $500 million. That brings their holdings to about 27.6 billion coins, or 18% of the supply. The buying streak has prompted speculation within the community. 

Recently, Whale Alert flagged a 900 million DOGE transfer worth about $208 million into Binance. The tracking indicates that it originated from a wallet connected to the exchange, likely as an internal activity. The address involved holds 2.88 billion DOGE, one of the largest balances on the network.

Ali Martinez also reports that transactions above $1 million reached a one-month high, with activity building since early August and peaking as DOGE traded at $0.25.

Sentiment Building

Analyst Gordon described the current setup as “a nice bit of consolidation” before a potential breakout, adding, 

“This will be one of the first coins normies FLOCK to & the pump will be MASSIVE.”

With whale accumulation rising, high-value transfers increasing, and a bullish technical pattern in play, DOGE is positioned for a potential push toward $1 if momentum holds.

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Ripple Price Analysis: XRP at Risk as Key Support Levels Could Trigger Sharp Drop

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XRP has recently entered a consolidation phase after a strong rally earlier this summer, with the price action now hovering around key resistance levels on both its USDT and BTC pairs. Yet, while momentum has slowed, the charts still indicate a generally bullish structure, with multiple key support levels remaining firmly in place.

Technical Analysis

By ShayanMarkets

The USDT Pair

On the XRP/USDT daily chart, the price is currently trading near the $3.10 mark, facing a strong resistance zone around $3.40. This follows a breakout above the $2.70 range in July, which has now flipped into a support area.

Both the 100-day and 200-day moving averages are also trending upward and recently formed a bullish crossover around $2.45, reinforcing the medium-term bullish sentiment. If the $3.40 resistance breaks, a push toward the critical $4.00 range becomes likely.

However, the RSI hovering near the neutral 50 level suggests a lack of strong momentum for now, meaning a short-term pullback into the $2.80 support zone is still possible.

This zone will be key for maintaining the bullish structure. Losing it could open the door for a deeper correction toward the 200-day moving average located around the $2.40 mark. Yet, as long as the price stays above the moving averages, the broader trend remains bullish.

The BTC Pair

Looking at the XRP/BTC chart, the pair has recently pulled back after hitting the 3,000 SAT resistance, with the price currently around 2,600 SAT.

This follows a clean breakout above the long-term descending channel and a successful retest of its upper boundary, which coincided with the 200-day moving average and the 2,400 SAT support zone. This confluence remains a key bullish technical factor, as holding above it could attract renewed buying pressure.

That said, RSI levels around 48 show that momentum has cooled after the sharp July rally, meaning XRP may continue ranging between 2,400 SAT and 3,000 SAT in the near term. A decisive close above 3,000 SAT would likely open the path to the 3,400 SAT zone, while losing 2,400 SAT could shift the bias back toward 2,000 SAT support. For now, the structure still favors the bulls as long as higher lows remain intact.

 

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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