Ethereum News Today: ChatGPT Boosts SNORT Meme Coin With Real Utility and 164% APY Staking Rewards

The mention of $SNORT by ChatGPT has propelled the token into the spotlight as a notable crypto project in the meme coin space [1]. The platform’s influence is reshaping how emerging tokens gain traction, with ChatGPT acting not only as a disseminator of information but also as a trendsetter, turning obscure tokens into major talking points almost overnight [1]. Investors and traders are increasingly relying on AI-generated summaries and updates to identify promising new crypto projects for 2025 [1].

The $SNORT token, associated with the Snorter Telegram bot, is being positioned as more than just a meme coin. It offers real utility, such as fast-sniping capabilities, MEV protection, honeypot detection, and copy-trading features [1]. Built on the Solana blockchain, Snorter provides near-instant settlement times and low latency, with plans to expand to other chains like BNB Chain, Base, and Ethereum [1]. The bot is competing with established players such as Trojan and Maestro, aiming to capture a significant market share [1].

Tokenomics for $SNORT are structured to balance development, incentives, and sustainability. A total of 25% is allocated to product development, 20% to marketing, and 20% to exchange liquidity, while staking rewards offer a dynamic APY of 164% [1]. As of now, 15,149,935 $SNORT tokens have been staked, with rewards distributed at a rate of 9.51 tokens per Ethereum block [1]. The token’s presale, which began in late May, has already raised over $2.5 million, with the first $1.2 million collected in the first month [1]. The price has increased gradually across 60 stages, from an initial $0.0935 to the current $0.0997, with further increases expected [1].

The project is accessible via the official website, with support for multiple payment methods, including ETH, SOL, USDC, USDT, BNB, and credit cards [1]. The growing interest in $SNORT highlights the broader trend of meme coins evolving into utility-driven projects with real-world applications [1]. As the token sale progresses, participants are advised to review the project details and consider their risk tolerance before investing [1].

Analysis of the $SNORT project suggests that it is leveraging the current enthusiasm for AI-driven tools and meme coin innovation. By integrating AI-generated market outlooks and community-driven hype, the project is capitalizing on the fast-moving nature of the crypto market [1]. However, the high APY and rapid price increases during the presale phase also indicate speculative interest, a common trait in meme coin ecosystems. Investors are encouraged to conduct thorough due diligence, as the crypto market remains highly volatile and unpredictable [1].

Disclaimer: All information provided is for educational purposes only and should not be considered financial or investment advice. The crypto market involves significant risks, and investors should assess their risk tolerance before making any decisions.

Source: [1] ChatGPT Highlights SNORT as a Notable Crypto Project — A Standout Token Sale in Today’s Meme Coin News (https://www.cryptoninjas.net/news/chatgpt-highlights-snort-as-a-notable-crypto-project-a-standout-token-sale-in-todays-meme-coin-news/)