It is the persistence of the creators that has brought about the rebirth of Froganas.
The Solana ecosystem has recently been very popular. In addition to the highly profitable meem Token, the NFT market has also seen a general rise in the past two days. One of the most notable NFT projects is Froganas.
Froganas was released on December 22nd at a price of 0.069 SOL, with a total supply of 5555. It sold out within 2 minutes. According to data from Solana trading market Tensor, the floor price of Froganas reached as high as 14.47 SOL today, with a maximum increase of over 14,000% compared to the minting price.
However, before achieving such great success, this project had already “died”. It is the persistence of the creators that has brought about the rebirth of Froganas.
The previous founder of this project, named “Blake,” surprised the creator @ThinTallTee with his rug behavior, as he never expected that after nearly two months of work, Blake would run away with nearly $9,000 for the rug.
Blake explained to @ThinTallTee that the presale was only to have loyal early supporters for the project, and Tee didn’t think much of it, considering it as a marketing strategy to deal 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 put a lot of effort into artistic creation, this was very bitter. However, he did not give up 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.
Tee himself probably didn’t expect that the reborn Froganas would cause such intense FOMO. It must be said that the planning of this project on Solana is unique, purely artistic. This is refreshing and extraordinary compared to the rampant token issuance and even DeFi projects issuing Solana NFTs.
Focusing on art and using Lincoln’s “of the people, by the people, for the people” as Froganas’ slogan.
However, I think the main reason for the FOMO is that many BAYC/MAYC holders formed groups and shouted on Twitter. @machibigbrother also sent an “ambiguous” tweet last night, uncertain whether it had an impact on the FOMO of 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 the FOMO is still the popularity of the Solana ecosystem. We have seen many similar price surges before, with group buying and rare high-priced transactions, such as the previously mentioned Gruffters. As for the sustainability and future prospects of the project, 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, everyone should not be too anxious and take the time to research other projects. There are still many opportunities.
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Froganas
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@machibigbrother