Cryptocurrency
Solana’s SMOG or Meme Kombat – Can One of These Viral Meme Coins Replace BONK?
![](https://letizo.com/wp-content/uploads/2024/02/solanas-smog-or-meme-kombat-can-one-of-these-viral-memecoins-replace-bonk_65c7ce1d45ef0.jpeg)
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.
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 $SMOG will also qualify for the community bounty.
For more specifics regarding the rewards and the airdrop campaign, join the SMOG community on Twitter, Telegram, and Discord.
The Next BONK?
SMOG is inspired by the success of Solana meme coins like Myro, Bonk, and Dogwifhat. They took the market by storm earlier this year by kindling massive crypto pumps upon their launch.
But the ambitious airdrop initiative gives SMOG a strong competitive edge in the market.
SMOG’s massive surge after the stealth launch hints at its growth potential. It boasts a stronger beginning compared to competitors like BONK. While BONK charted an impressive one-year return of 892%, SMOG has the potential to outperform its contemporaries.
Meme Kombat Turns Meme Coin Rivalry into Price Action
Meme Kombat ($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.
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Cryptocurrency
Top 10 Solana (SOL) Ecosystem Projects by Development Activity
![](https://letizo.com/wp-content/uploads/2024/09/top-10-solana-sol-ecosystem-projects-by-developmentactivity_66dc47b18afea.jpeg)
TL;DR
- Due to recent growth, Solana and its projects have gained popularity.
- Ecosystem meme coins like Dogewifhat (WIF) and Bonk Inu (BONK) have seen significant declines after a substantial surge earlier this year.
The Unsurprising Leader
Solana and numerous projects built on it have brimming in popularity in 2024. Some factors that could have contributed to this might be SOL’s bull run at the end of 2023 and the beginning of 2024, the growing community, and innovations in the ecosystem.
The crypto analytics platform Santiment recently outlined the top 10 Solana-based projects in terms of development activity in the past 30 days.
Somewhat expected, the first spot belongs to Solana itself, which collected a score of 186.33. It is worth noting that the protocol’s native token – SOL – has been experiencing a downfall since the end of July, plunging by approximately 30% and currently trading at around $127 (per Coingecko’s data).
Wormhole holds the second position with a ratio of 90.5. It acts as a bridge connecting various blockchain networks, such as Solana, Ethereum, BNB Smart Chain, and others. It enables users to transfer digital assets and data across these blockchains without a centralized intermediary.
Pyth Network is third, with a score of 68. It operates as a decentralized oracle network where multiple providers contribute to a collective data feed.
JITO and Neon round up the top 5 list. The other Solana-based projects down the line include Drift, Orca, Helium IOT, Helium Mobile, and Metaplex.
The Missing Ones
It is interesting to note that meme coins, which are part of Solana’s ecosystem, did not make the list. Such tokens, including dogwifhat (WIF), Bonk Inu (BONK), and many more, were among the top-trending topics in the crypto space at the start of the year due to their skyrocketing prices.
However, their progress has stalled as of late. WIF – the biggest Solana-based meme coin in terms of market capitalization – currently trades at around $1.52, representing more than a 70% decline from the ATH registered in April.
BONK (the second-largest) is worth approximately $0.00001666 as of the moment, or 60% less than the peak in May.
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Cryptocurrency
These Altcoins Bleed Out as Bitcoin (BTC) Price Fell by $4K in Hours (Weekend Watch)
![](https://letizo.com/wp-content/uploads/2024/09/these-altcoins-bleed-out-as-bitcoin-btc-price-fell-by-4kin-hours-weekend-watch_66dc47b73b311.jpeg)
Bitcoin’s nosedives continued in the past 24 hours as the asset slumped from an intraday high of $57,000 to under $53,000 within hours.
The altcoins are also in the red, and the total crypto market cap has dumped to $2 trillion for the first time in over a month.
BTC’s Troubles Keep Coming
The primary cryptocurrency lost the coveted $60,000 level last week, and the true downfall followed suit. Aside from a brief attempt to overcome that line on September 3, the bears have been predominantly in control, which culminated yesterday.
Before that, it was rejected a couple of times and marked lower daily highs. A relief rally came on Friday when the US released the job report for August, which showed that there was a slight decline in the unemployment rates.
BTC reacted quickly with a price increase from $55,500 to $57,000. However, that turned out to be a false breakout, and the cryptocurrency headed south immediately after. In a matter of minutes, it plummeted to $54,000 before the bears initiated another leg down that pushed it to a monthly low of $52,700 (on Bitstamp).
Despite recovering to just over $54,000 now, it is still 4% down on the day and more than 8% in the past seven days. Its market cap has plunged to $1.070 trillion, while its dominance over the alts is down to 53.5%.
Alts in Red Yet Again
The bearish scenario repeated once again, and the altcoins are back in red. Ethereum is among the leaders in this adverse trend, having lost over 4% of value. As a result, it now struggles at $2,250. BNB is down by 3%, XRP by 3%, and SOL by 2.5%.
DOGE has dumped the most from the larger-cap alts. The OG meme coin has seen 5% of its value evaporate over the past day and is below $0.1.
Further losses come from the likes of TON, BCH, SHIB, LTC, OKB, XMR, and many others.
The total crypto market cap has declined by another $50 billion and is down to $2 trillion on CG.
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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.
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Cryptocurrency
Vitalik Buterin Pledges L2 Tokens to Support Public Goods in the Ethereum Ecosystem
![](https://letizo.com/wp-content/uploads/2024/09/vitalik-buterin-pledges-l2-tokens-to-support-public-goods-inthe-ethereum-ecosystem_66dc47bce1201.jpeg)
Ethereum co-founder Vitalik Buterin has pledged to donate all Layer 2 (L2) tokens he holds to support public goods within the Ethereum ecosystem or broader charitable causes.
This announcement comes a few days after accusations that he had sold millions in Ether (ETH) for personal gain.
Vitalik Buterin Denies Profit Motive
Buterin was quick to respond to the allegations, emphasizing that he has not sold any ETH for personal profit since 2018. Instead, he clarified that any proceeds from his ETH sales have been directed toward projects that contribute to the Ethereum ecosystem or other charitable initiatives.
In a September 5 update, he expanded on his stance, pledging to donate all L2 tokens he holds, including not-yet-liquid assets, to support similar causes.
He wrote, “All proceeds will be donated, again either to support public goods within the Ethereum ecosystem or broader charity (e.g., biomedical R&D). I also do not intend to invest into L2s or other token projects in the foreseeable future.”
He explained that his aim in funding projects is to support initiatives he believes are important, particularly in situations where other parts of the ecosystem may not fully recognize their value.
The Allegations
On August 30, an X user accused him of selling over $2 million worth of ETH shortly after posting a positive update about Ethereum’s future.
Later on, Lookonchain also revealed that Vitalik had transferred 800 ETH, worth around $2 million, to a multi-signature wallet. Shortly after, the wallet swapped 190 ETH for 477,000 USDC.
Further analysis from Lookonchain indicated that on August 9, he had moved an additional 3,000 ETH, valued at over $8 million, to the same multi-sig wallet.
These transfers fueled speculation that the Ethereum co-founder was liquidating his Ether holdings to realize profits.
Buterin had previously disclosed that his entire Ether holdings came from the Ethereum pre-mining period, which allocated 11.9 million ETH (about 10% of the total supply) to early contributors. As one of them, he received 700,000 ETH for his role in the network’s creation.
According to blockchain tracker Arkham Intelligence, his current holdings amount to approximately 240,000 ETH. This is a reduction of around 460,000 ETH from his initial stash.
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