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

On January 18, Wagyu founder and Fwog.fun founder @PerpetualCow posted that, “I issued a 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 in the future (the amount may be larger). This coin will represent the platform, serving as a mascot. I will treat it as Fwog’s marketing tool, so I will do my best to ensure it performs well. I am also publicly demonstrating Fwog’s upward mechanism: this token will increase in value over time, rather than rapidly zeroing out like typical issuances. The goal is to build Fwog into a multi-billion-dollar giant like Pump and then take it down. Disclaimer: this token is unrelated to the platform token FWOG of Fwog.fun, which is not yet launched. Points can already be earned, and these points will be converted into FWOG tokens once FWOG is launched. I will not delay the token launch like other token platforms to collect fees. The points you earn now will soon be exchanged for FWOG (platform token).” According to GMGN data, Meme coin FROG has a market cap of approximately $102 million, with a trading volume of $6.5 million within 2 hours of launch.