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FWOG Memecoin Surges to $500M, Becomes Largest on Solana Amid $10B Memecoin Boom

Oct 6, 2024, 11:33 PM

FWOG ($FWOG), a memecoin on the Solana blockchain, has rapidly ascended to become the largest memecoin by market capitalization launched on Pump.Fun. The token's market cap surged from a low of $360 million to $500 million in a short period, with expectations that it may reach $1 billion soon. FWOG is gaining attention as the native frog coin of Solana, backed by prominent investors known as 'popcat whales'. It differentiates itself with an interesting intellectual property play, aiming for real branding, true fans, and real art. This growth occurs amid a significant increase in memecoin activity on Solana, where over 130,000 tokens were created in the past week, mostly memecoins, pushing the total market capitalization of Solana memecoins beyond $10 billion.