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.

$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.

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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