Froganas: Nirvana's 100-fold Solana Non-fungible Token new hot spot

The Solana ecosystem has been booming lately. In addition to a lot of meem tokens with strong wealth effects, the Non-fungible Token market has also seen a general rise in the past two days. One of the most eye-catching Non-fungible Token projects is Froganas.

Froganas

Froganas went on sale on December 22 at 0.069 SOL for a total of 5,555 units, which sold out quickly in 2 minutes. According to data from Solana’s marketplace Tensor, today, the floor price of Froganas once reached 14.47 SOL, which is more than 14,000% higher than the highest minting price.

But before such a huge success, the project had already “died”. It was the persistence of the creators that made Froganas usher in a nirvana rebirth.

“Premature Death”

The previous founder of this project was called “Blake”, and the creator @ThinTallTee was unaware of Blake’s Rug behavior, because he had no idea that after nearly two months of work, Blake would only pay nearly $9,000 for Rug…

Blake explained to @ThinTallTee that the presale was only done so that the project would have loyal early supporters, and Tee didn’t think much about it, thinking that it might be a marketing ploy to deal with the market conditions that weren’t good at the time. After the presale of 200 Froganas was completed, Blake immediately shut down the project’s Discord server and Rug Pull.

For Tee, who has put a lot of effort into making art, it’s very bitter for him. However, he was not depressed and was determined to get everything back on track. He decided to compensate Rug’s supporters in the presale through an airdrop and present the full art to all Solana Non-fungible Token players.

Nirvana is reborn

Tee himself could not have imagined that the reborn Froganas would cause such violent FOMO. I have to say that the planning of this project is unique in Solana, which is pure art. This is really fresh and unconventional on Solana, where token issuance is rampant and even many simply Decentralized Finance projects issue Non-fungible Tokens.

Focusing on the arts, and using Lincoln’s “by the people, by the people, for the people” in Gettysburg as Froganas’ slogan

However, the main reason for FOMO is that I think there are still many BAYC/MAYC holders who huddle together on Twitter. Maji’s big brother @machibigbrother also posted an “ambiguous” tweet in the middle of the night last night, unsure if this also affected Froganas’ FOMO.

Big Brother Maggie: “I fell in love with a PFP series on Solana, and now I’m going to study how to buy it.”

@machibigbrother price action of Froganas after tweeting

Conclusion

Although the story of Froganas is quite touching, the main reason for FOMO is the hot Solana ecosystem. In fact, we have seen a lot of such a rise before, shouting in groups, and at the same time there are high prices for rare models, such as Gruffters, which I mentioned in the article before. As for how sustainable the project will be and how far it can go, many times we should not be blindly optimistic.

Froganas #5047 sold for 250 SOL ($28,735.5).

The market is so hot, you don’t need to be too anxious, calm down and study other projects, there are many opportunities.