Fwog (FWOG): A Different Kind of Frog Meme Coin
Solana-based meme coins recently surpassed a collective valuation of over $20 billion, reflecting the staggering performance of a sector that caught the crypto world by storm this year (2024). The leading three meme coins — dogwifhat (WIF), Bonk (BONK) and Peanut the Squirrel (PNUT) — generated some of the highest returns in the crypto markets.
One of the newer Solana-based meme tokens on the block, Fwog (FWOG), was recently listed on Bybit’s Innovation Zone for perpetual contracts. This article explores what the FWOG meme coin is, how it came about and the community behind the rising meme project.
Key Takeaways:
Fwog (FWOG) is a community-centric, frog-themed meme coin that operates on the Solana blockchain.
The coin was born from the rebranding of Flog (FLOG) and its visual identity, including its logo and other artwork.
FWOG has recently garnered serious market attention, skyrocketing to a $683 million market cap and a 7,865% uptick in price — all in just three months' time.
What Is Fwog (FWOG)?
FWOG is a frog-themed meme coin built on Solana. The project arose from a community-driven effort to rescue and relaunch a floundering crypto project. To understand FWOG's history, though, it's essential first to grasp the rise and fall of Flog the Frog (FLOG).
FLOG had solid artwork and supposedly decent support, and peaked at a $15 million market cap. However, a misunderstanding between FLOG's core team members doomed it. In the middle of the fallout was Titto, the artist who created FLOG's visuals.
Titto worked tirelessly, but wasn’t paid for his work. In response, the community that had once supported FLOG decided to support Titto, relaunching FLOG as FWOG.
Pepe the Frog Meme
Pepe the Frog is a notable character in meme culture. The now-iconic green anthropomorphic frog with a humanoid body was designed by cartoonist Matt Furie in 2005. Pepe's rise in popularity led to the creation in 2013 of Pepe (PEPE), an Ethereum-based meme coin. The crypto community went wild over the concept, and PEPE immediately ascended to one of the highest ranks in meme coin valuation. Pepe's success opened the door for other frog-themed meme coins, such as Fwog.
Fwog (FWOG)'s Developers and Community
Fwog was technically developed by Anon, Deecayz, and supported by Chernggg, Cole Thereum and other crypto influencers. They were relaunching a project called FLOG that had collapsed. Titto, the artist behind FLOG, is as much a developer of Fwog as anyone else. That's important because his work is central to creating the Solana-based Fwog meme coin.
From start to finish, Fwog was a community project. Fwog's growing community — now over 21,000 on X — has hardly been shy in promoting the coin. That’s been important because, with "fairness" and "support for creators" as two of Fwog's core tenets, a community rallying behind the project is a big part of what makes it happen.
How Does Fwog (FWOG) Work?
Almost every meme coin, FWOG included, has little in the way of real-world utility. The Fwog token is community-driven and derives a great deal of its momentum from humor, internet culture and the expressiveness of a tight-knit community. Doing a great deal to distinguish itself from other meme coins, Fwog has some remarkable visual artwork associated with it. Titto, the chief artist, along with other contributors to the Fwog community, has consistently produced eye-grabbing pieces with which the public seems to resonate.
FWOG Market Performance
Fwog (FWOG) has done exceptionally well since debuting. Its market cap currently stands at $584 million, reflecting the stong support the token has generated from the broad crypto market.
According to data from CoinGecko, FWOG’s all-time low was $0.009244. It’s currently trading at $0.736, indicating a 6,326% increase in three months. This remarkable performance highlights FWOG's appeal to both investors and the broader community.
FWOG Tokenomics
FWOG has a total and max supply of 975,635,328 tokens, each of which is in circulation. This ensures widespread accessibility while attracting more holders. At the moment, there are 39,961 confirmed holders of FWOG tokens. As its price increases, more holders are anticipated.
Conclusion
FWOG is the latest Solana-based memecoin to make waves in the crypto memecoin market. Although the token was created to resuscitate the dying Flog the Frog (FLOG), it’s now taken its own shape. Backed by the crypto community, FWOG is thriving and breaking new ground. However, it’s important to note that this guide doesn't offer investment advice, and it's best to conduct personal research before deciding whether or not to invest. Meme coins are risky and volatile, and traders need to be cautious when buying or selling these tokens.
For those who want to trade FWOG, Bybit has now listed FWOG perpetual futures, allowing you to trade with up to 12.5x leverage.
#LearnWithBybit