The Solana ecosystem has been very popular recently. In addition to the emergence of many meem tokens with strong wealth effects, the NFT market has also seen general gains in the past two days. Among them, one of the most interesting NFT projects is Froganas.
Froganas
Froganas was released on December 22nd at a price of 0.069 SOL, with a total of 5555 units, which sold out quickly within 2 minutes. According to data from the Solana trading market Tensor, today, the floor price of Froganas once reached 14.47 SOL, and the highest increase compared to the casting price reached more than 14,000%.
But before achieving such great success, the project died. It was the creators persistence that allowed Froganas to usher in nirvana and rebirth.
Died
The previous founder of this project was called Blake and the creator@ThinTallTeeBlakes Rug behavior was unexpected because he had no idea that after nearly two months of work, Blake would spend nearly $9,000 just for the Rug...
Blake once explained to @ThinTallTee that the pre-sale was just to allow the project to have loyal early supporters, but Tee didnt think too much about it, only thinking that it might be marketing in response to the market environment that was not very good at the time. Strategy. After the pre-sale of 200 Froganas was completed, Blake immediately shut down the projects Discord server and ran away with the money.
For Tee, who has put a lot of effort into artistic creation, this makes him very bitter. However, he was not depressed and determined to get everything back on track. He decided to compensate backers who were rugged in the pre-sale through airdrops and present the complete art to all Solana NFT players.
Nirvana rebirth
Tee himself probably never imagined that the reborn Froganas would cause such severe FOMO. I have to say that the planning of this project is unique among Solana and is pure art. This is really refreshing and refreshing in Solana where Token issuance is rampant and even many DeFi projects are simply issuing NFT.
Focus on art, and use Lincolns of the people, by the people, for the people in Gettysburg as Froganas slogan
However, I think the main reason for FOMO is that there are many BAYC/MAYC holders calling for orders on Twitter. Brother Maji@machibigbrotherI also sent an ambiguous tweet in the middle of the night yesterday. Im not sure whether this also affected Froganas FOMO.
Brother Maji: I am interested in a PFP series on Solana, and now I want to study how to buy it.
Froganas price action after @machibigbrother tweeted
Conclusion
Although the story of Froganas is quite touching, the main reason for FOMO is the popularity of Solana ecosystem. In fact, we have seen many such increases before, with groups shouting and high-priced transactions of rare models, such as the Gruffters I mentioned in the article before. As for how sustainable the project will be and how far it can go, we should not be blindly optimistic in many cases.
Froganas #5047 sold for 250 SOL ($28735.5 USD)
The market is so hot. Don’t be too anxious. Just calm down and study other projects. There are still many opportunities.
