New Solana Meme Coin SMOG Token Announces ETH Bridge After Major $37M Market Cap Launch – Markets Bullish on Airdrop Campaign

cryptonews.com:

Friday, February 9th, 2024 – Enter the Year of the Dragon in the latest major airdrop development on Solana, new meme coin Smog Token (SMOG) has announced it is shifting to become a multi-chain ecosystem using Wormhole, just 24 hours after a sensational skyrocket for SMOG price at launch.

Smog Token’s launch was received as a resounding success by crypto markets as we enter the Year of the Dragon, pushing up to a magnificent opening market cap of $37M in a move that fuelled a major +134% price pump.

This comes as news breaks that the SMOG airdrop campaign has already received over 10,000 completed airdrop tasks – amid a flood of volume and interest in the unfurling token adventure.

https://twitter.com/SMOGToken/status/1755969960269001047?s=20

Now, leaping from success to success, the Smog development team hasn’t skipped a beat in announcing exciting multi-chain news as the Chinese New Year beckons.

The team revealed that Smog Token will be launching on Ethereum later today, via Wormhole using PortalBridge.com – a cross-chain platform with more than $1bn total value locked (TVL).

Multi-chain bridging will require the launch of a SMOG ETH LP to make it easier for new users to buy SMOG and feed the moonshot.

This will also bring in a new SMOG staking platform, which is rumored to be targeting a high fixed APY return of 42.0% to incentivize holding, with a principal 3-month lock-up period.

Both OTC and DEX-purchased SMOG ERC-20 tokens will be stakeable, staking reward will be unlocked, and principal tokens will be claimable once the unlock date is reached.

These staking lock periods have been designed to mitigate any sell-pressure and soften the likelihood of a negative impact on price action long-term.

With the liquidity pool and