Wagyu Founder Launches Personal Meme Coin FROG: Has Spent $200k Buying 95% of Total Supply, Unrelated to Platform Token FWOG

BlockBeats News, January 18, Wagyu founder and Fwog.fun founder @PerpetualCow posted, "I have released my personal Meme coin FROG on Fwog, having 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 (potentially in larger amounts).

This token will represent the platform and serve as a mascot. I will consider it as Fwog's marketing tool, so I will make every effort to ensure its outstanding performance. I am also publicly showcasing Fwog's price pump mechanism: this token will continue to rise over time, instead of rapidly trending to zero like typical releases. The goal is to build Fwog into a multi-billion-dollar value giant similar to Pump, and surpass it.

I have not issued any other tokens on Fwog, and maintaining neutrality regarding tokens issued on the Fwog platform is best. However, I believe that issuing an official token could stifle the community tokens naturally formed around me. Therefore, I will allocate some funds to support Cow tokens issued on Fwog.

Disclaimer: This token is unrelated to the Fwog.fun platform token FWOG, which has not yet launched. You can already earn points, which will be converted into FWOG tokens once FWOG is live. I will not delay the token launch to collect fees like other token issuance platforms. The points you are earning now will soon be exchanged for FWOG (platform token)."

According to GMGN data, the Meme coin FROG currently has a market capitalization of $102 million, with a trading volume of $6.5 million in the first 2 hours of trading.