The perseverance of the creators has led to the rebirth of Froganas.
“Stillborn”
Rebirth
Conclusion
The Solana ecosystem has recently been very hot. In addition to the highly profitable meme token, the NFT market has also seen a general increase in the past two days. One of the most notable NFT projects is Froganas.
Froganas was sold on December 22nd at a price of 0.069 SOL, with a total quantity of 5555, and it sold out quickly within 2 minutes. According to data from Solana trading market Tensor, today the floor price of Froganas once reached 14.47 SOL, with a maximum increase of over 14,000% compared to the minting price.
But before achieving such great success, this project had already “stillborn”. It was the perseverance of the creators that led to the rebirth of Froganas.
The former founder of this project was named “Blake”. The creator @ThinTallTee did not expect Blake’s rug behavior, as he couldn’t believe that after almost two months of work, Blake would just rug for nearly $9,000…
Blake explained to @ThinTallTee that the presale was only to attract loyal early supporters, and Tee didn’t think much of it, considering it as a marketing strategy to cope with the not-so-good market environment at the time. After the presale of 200 Froganas was completed, Blake immediately shut down the project’s Discord server and ran away with the funds.
For Tee, who has put a lot of effort into artistic creation, this was very distressing. However, he did not despair and was determined to bring everything back on track. He decided to compensate the rug supporters in the presale through an airdrop and present the complete artwork to all Solana NFT players.
Even Tee himself probably did not expect the reborn Froganas to cause such a fierce FOMO. It must be said that the planning of this project on Solana is unique, focusing purely on art. This stands out on Solana, where token issuance and many DeFi projects often dominate the NFT space, and is truly refreshing.
Focusing on art and using Lincoln’s “of the people, by the people, for the people” from the Gettysburg Address as Froganas’ slogan.
However, I believe the main reason for the FOMO is that there are many BAYC/MAYC holders rallying and calling for support on Twitter. @machibigbrother also posted an “ambiguous” tweet in the middle of the night yesterday, unsure if it had an impact on FOMO for Froganas.
Machibigbrother: “I’m interested in a PFP series on Solana, now I need to figure out how to buy it.”
After @machibigbrother’s tweet, the price trend of Froganas.
Although the story of Froganas is touching, the main reason for FOMO is still the hot Solana ecosystem. We have seen many such surges before, with rallying and rare high-priced transactions, such as the previously mentioned Gruffters. As for the sustainability and how far the project can go in the future, we should not be blindly optimistic most of the time.
Froganas 5047 sold for 250 SOL, equivalent to $287,355.
With the market being so hot, there is no need to be too anxious. Take a moment to research other projects; there are still plenty of opportunities.
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