Introduction to FWOG

FWOG is a frog-themed meme token based on the Solana blockchain, inspired by popular internet frog memes and featuring a visual style influenced by renowned anime IPs such as Dragon Ball. The concept of FWOG originated from Flog the Frog, a creation by artist Tito (known on X as @Groowut), who also brought FWOG to life.

Artist @Groowut (Source: Twitter)

FWOG began as a community-driven effort to rescue and reboot the struggling cryptocurrency project FLOG. Despite the overall market downturn in August 2024, the FWOG community rapidly gained momentum in just two weeks, showcasing its resilience and vitality. Supported by the original FLOG artist Tito and other contributors from the FWOG community, they continually created eye-catching works that resonated with the public.

FWOG Fan Creation (Source: Twitter)

Development History of FWOG

Origins: FLOG

The predecessor of FWOG, Flog the Frog (FLOG), officially launched on July 30, 2024. Within four hours, the project’s market cap surged to $4 million. However, the development team abruptly liquidated their tokens and disappeared, leaving the project in disarray and unable to sustain its initial success.

Original FLOG Token Sell-Off (Source: Dexcreener)

After the first contract failed, the team quickly introduced a second contract and shared its address within their Telegram group. In just one minute, the market cap soared to $3 million. However, after two hours of stagnation, market enthusiasm sharply declined, and the new contract lost its momentum, leading to another collapse.

Community Takeover

Previously, crypto KOL (Key Opinion Leader) Anon claimed to have received 3 million FLOG tokens to promote the project on their social media accounts. Shortly afterward, the FLOG team sold off the tokens, prompting outrage from Anon and another Crypto Twitter influencer, Deecayz. In response, they organized a Community Takeover (CTO) and invited KOL organizer Chernggg to join their efforts while also reaching out to the original creator, Tito.

The original creator of Flog the Frog, @Groowut, exposed the dishonest behavior of the FLOG team on social media and expressed support for the community-led takeover. This quickly gained widespread attention. Prominent figures in the crypto space on Twitter also rallied to condemn the FLOG team’s fraudulent actions.

Support from the Original Creator of Flog the Frog (Source: Twitter)

On August 3, the FWOG community announced a new contract and transitioned to a community-driven operational model. During this shift, Cole (@ColeThereum), the founder of the renowned NFT project Pudgy Penguins, publicly supported FWOG. He led the planning of FWOG’s official NFT series, collaborating with artist @Groowut to integrate Groowut’s IP into a generative PFP (profile picture) project. Cole emphasized that he would not accept any form of financial compensation or tokens for his involvement. Furthermore, he purchased a significant amount of tokens, which he generously distributed to “artists who had been previously deceived.”

Cole Supporting Frog Creations (Source: Twitter)

This community-driven development model proved more stable and transparent than the previous reliance on project teams, significantly boosting market confidence. Within hours of FWOG’s launch, the token reached a peak market cap of $30 million. Additionally, the development team implemented a series of transparent measures, including purchasing only $75 worth of tokens and burning 11 million FWOG tokens. These actions greatly enhanced trust in the FWOG project, successfully drawing back investors who had been burned during the FLOG era and motivating hesitant potential buyers to join the community.

FWOG’s Post-Launch Surge (Source: ave.ai)

FWOG Token

The FWOG token was launched on July 30 through a Pump, with the slogan: “FWOG has no dev. It is the community.” The token emphasizes community consensus, with a total supply of 975,625,664.19. At its peak, FWOG reached a market cap of $720 million and currently holds a market cap of approximately $200 million.

There are around 64,000 token-holding addresses, with the top 10 addresses accounting for 16.1% of the total supply. Centralized exchanges (CEX) and decentralized exchanges (DEX) collectively hold 4.8%.

FWOG’s Price Trend and Token Distribution (Source: ave.ai)

Conclusion

The success of FWOG demonstrates the immense potential and value of the Community Takeover (CTO) model in cryptocurrency projects. Through transparent operations, active community participation, and the combined efforts of creators and supporters, FWOG revived a previously failed project and grew it significantly, offering important insights for the crypto industry.

Unlike traditional project-led models, FWOG emphasizes the power of community consensus and collective intelligence. Within FWOG, there are artists like Tito who consistently create FWOG artworks, as well as ordinary users who design FWOG-themed memes. This truly realizes the concept of “the community is the project.”

FWOG Community Creations (Source: Twitter)

Looking ahead, FWOG plans to expand its community further, strengthen collaborations with other projects, and explore additional use cases to achieve its long-term goals. This strong sense of community support and co-building spirit has allowed FWOG to stand out in the competitive crypto market and set an example for other projects.