A new cryptocurrency project named Frogs ($FROGS) has captured the attention of investors with an astonishing surge of 1080%, propelling its market capitalization to over $12 million within a short period.
A new group of frogs is drawing the attention of investors.
Frogs ( $FROGS) has currently surged by 1080%, with a market capitalization exceeding $12 million.$FROGS officially launched yesterday on the #Ethereum blockchain. These are frogs with various appearances. According… pic.twitter.com/zEhUm0zElv
— Followin (@followin_io) October 18, 2024
$FROGS officially debuted on the Ethereum blockchain just yesterday, showcasing a collection of frogs each uniquely designed. The project’s creator revealed that the artistic inspiration behind these frogs stems from his 3-year-old daughter, who is autistic and passionate about painting. Drawing frogs is her daily joy, and her artwork has become the centerpiece of this novel crypto venture.
In a remarkable turn of events, one individual capitalized significantly on the free minting of $Daram and $Frogs tokens, reaping substantial profits in just six days.
Through 918 wallets, they minted a staggering 4.59 billion $Daram tokens, incurring a gas cost of approximately $10,000. Simultaneously, they minted 8.8 trillion $Frogs tokens across 880 wallets, with a gas expenditure of about $7,000.
This guy made more than $550K by free minting $Daram and $Frogs in just 6 days!
He minted 4.59B $Daram via 918 wallets with a gas of ~$10K and minted 8.8T $Frogs via 880 wallets with a gas of ~$7K.
Then sold all 8.8T $Frogs for 26.56 $ETH($69K) and sold 3.23B $Daram for 69… pic.twitter.com/z5Z4wMtJ4X
— Lookonchain (@lookonchain) October 18, 2024
Trader Makes 26 ETH In Profits
The investor swiftly sold off all 8.8 trillion $Frogs tokens for 26.56 ETH, equivalent to $69,000, and liquidated 3.23 billion $Daram tokens for an additional 69 ETH, valued at $180,000. This strategic move left them holding 1.36 billion $Daram tokens, currently valued at $319,000.
The meteoric rise of $FROGS underscores the speculative fervor in the crypto market, driven by unique narratives and artistic appeal.
As this frog-themed project continues to make waves, it highlights both the potential for astronomical gains and the unpredictable nature of cryptocurrency investments. Investors are eagerly watching to see how $FROGS evolves in the dynamic digital asset landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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