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Wagyu Founder Launches Personal Meme Coin FROG: Has Spent $200,000 Buying 95% of Total Supply, Unrelated to Platform Token FWOG
BlockBeats News, January 18th, Wagyu founder and Fwog.fun founder @PerpetualCow posted, stating, "I have issued a personal Meme coin FROG on Fwog, and have spent $200,000 to purchase 95% of the total supply. These tokens will never be sold. They may be used for giveaway events or similar purposes, and in the future, I may continue to accumulate (in potentially larger quantities)."
This token will represent the platform, serving as a mascot. I will consider it as Fwog's marketing tool, so I will make every effort to ensure its excellent performance. I am also disclosing Fwog's price pump mechanism: this token will continue to rise over time instead of rapidly dropping to zero like typical issuances. The goal is to build Fwog into a multi-billion-dollar giant like Pump and surpass it.
I have not issued any other tokens on Fwog, and it is best to remain neutral regarding tokens issued on the Fwog platform. However, I believe that issuing an official token may stifle the community tokens naturally formed around me. Therefore, I will allocate some funds to support the Cow tokens issued on Fwog.
Disclaimer: This token is unrelated to the Fwog.fun platform token FWOG, which has not yet launched. Users can already earn points, and these points will be converted into FWOG tokens once FWOG is online. I will not delay the token's launch to charge fees like other token issuance platforms. The points you are earning now will soon be converted into FWOG (platform token)."
According to GMGN data, the Meme coin FROG has a market capitalization of $102 million, with a $6.5 million trading volume after 2 hours of trading.
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