The meme coin market remains popular in early 2024, with a new Solana-based token called Smog turning heads.

Launched earlier this week, Smog (SMOG) has already surged by over 1,000%, attracting positive price forecasts from prominent crypto traders.

SMOG Token Takes Flight with Huge 1,000%+ First-Day Surge

SMOG was launched on the Jupiter DEX on February 7 and has since rocketed in value, with birdeye.so data showing that a whopping $1.2 million in trading volume occurred in the past day alone.

Additionally, the token saw interaction from 1,780 traders over the past 24 hours, marking a 67% increase from the previous day.

There are now 10,400 unique SMOG holders, which is remarkable considering the token is just two days old.

Investors have been clamoring to buy SMOG tokens because they diverge from the typical dog theme seen with most meme coins.

In contrast, SMOG features a fire-breathing dragon mascot, seemingly inspired by the character Smaug from The Hobbit franchise.

Looking at the project’s tokenomics, SMOG’s team has set aside allocations for a community airdrop, marketing, DEX liquidity, and further exchange listings.

SMOG’s roadmap outlines ambitious goals to reach 100,000 unique holders and potentially introduce a token burn protocol.

With over 10,000 people already following the token’s official Twitter page, it’s clear SMOG has struck a chord with the investor community.

Leading Crypto Traders Discuss SMOG’s Explosive Price Potential

SMOG’s meteoric launch hasn’t gone unnoticed,