Wagyu founder issues personal Meme coin FROG: has spent $200,000 to purchase 95% of the total supply, unrelated to the platform token FWOG.

According to Mars Finance, on January 18th, @PerpetualCow, founder of Wagyu and Fwog.fun, posted that, "I have launched my personal Meme coin, FROG, on Fwog, spending $200,000 to purchase 95% of the total supply. These tokens will never be sold. They may be used for giveaways or similar purposes, and I may continue to increase my holdings (potentially in larger quantities) in the future. This token will represent the platform as a mascot, and I will treat it as a marketing tool for Fwog, so I will do everything I can to ensure its excellent performance. I am also publicly demonstrating Fwog's pump-and-dump mechanism: this token will continue to rise over time, rather than rapidly dropping to zero like a typical launch. The goal is to build Fwog into a multi-billion dollar giant like Pump, and then destroy it. Disclaimer: This token is unrelated to the Fwog.fun platform token FWOG, which is not yet listed. You can already earn points, which will be converted into FWOG after FWOG is listed." "I won't delay the token launch to collect fees like other token issuance platforms do. The points you earn now will soon be exchanged for FWOG (the platform token)." According to GMGN data, the Meme coin FWOG has a market capitalization of $102 million and a trading volume of $6.5 million in the first two hours after its launch.