$fwog Token Surges to $27 Million Market Cap, 5,500 Holders, and $20 Million Volume in 5 Hours

Jul 30, 2024, 06:44 AM

The cryptocurrency token $fwog has experienced a rapid surge in market capitalization, reaching $27 million and attracting 5,500 holders within just five hours of its launch. This token emerged after the original $flog project was abandoned by its developers, who failed to pay the artist, leading to a community-driven relaunch. The artist, @Groowut, has now endorsed the new $fwog project and is actively contributing to its development. The token's success has drawn comparisons to $PEPE, another popular meme token. Supporters of $fwog have praised the respectful behavior of top wallets in distributing tokens without causing market disruption. The volume of $fwog trading has surpassed $20 million. The token also hit a $15 million market cap and later reached $25 million before climbing to $30 million.