New Cryptocurrency Frog Wif Hat (FWIF) Goes Live on Uniswap - Next Pepe?
Tokens in the “wif hat” niche are on a roll, showcasing popular memecoin-based animals with a hat on. Popular Solana meme coin dogwifhat (WIF) token has attracted massive traction and has continued to inspire confidence among investors. The project now has a market capitalization of more than $550 million.
Frog Wif Hat (FWIF) is a new cryptocurrency token aiming to capitalize on this rising crypto trend, and it has been successful so far.
Following its stealth launch on Uniswap, Frog Wif Hat went up by 849% to $0.004 before correcting. The community has rallied around to support the new crypto, with the number of holders increasing - over 800 per DEXScreener - and currently the token has been accumulating around the $0.0014 mark.
Frog Wif Hat - Quirkiness on Full Display with a Dash of Humor
While Dogwifhat capitalized on cuteness, Frogwifhat is banking on its rudeness. At the center of this memecoin is an image of a French frog wearing a striped T-shirt, a le beret, and wielding a baguette. The project’s full name,” Frog Wif Hat Avec Baguette”, accentuates this particular imagery.
But the imagery is not the only aspect that this token has going for it.
In true French fashion, the entire content on the official Frog Wif Hat website has been written in “Frenchinglish,” emphasizing the accent of a French individual trying to speak English.
Per the project’s website, Frog Wif Hat has “opped” onto a scene where it is normal to put “ats” on animals. Frog Wif Hat is called so because it is wearing a le beret, one of the staple clothing items in France.
The imagery is that of a grumpy frog that is addicted to alcohol and smoking. Perhaps that is why it is wielding a baguette as a weapon, trying to fend off everyone in its path - because Frog Wif Hat has a “deep disdain of everything American”.
The project’s main imagery is of Frog Wif Hat smacking a doge with a baguette, indicating that the project aims to take its current virality to the next level and become a token that even surpasses Dogecoin.
Other than this narrative and the distinct imagery designed to capitalize on the “wif hat” appeal, Frog Wif Hat doesn’t have any other utility. However, those interested in memecoins don’t care for utilities but an interesting project with jokes to go around, as evidenced by Frog Wif Hat’s performance after landing on Uniswap.
New Cryptocurrency Hits Uniswap
Soon after its stealth launch on Uniswap, Frog Wif Hat exploded by more than 849%. The following 15-minute candle chart on Dexscreener shows that the token climbed constantly over the course of 6 hours to reach its current all-time high of $0.004.
There was a sell-off after, leading the token to retrace. But the project’s appeal to degens as well as meme-lovers has allowed it to not disappear and find a stable ground around the $0.0014 mark.
The action is still highly volatile, but there are significant points given in its roadmap that indicate that this project could become a leading memecoin of this year. One of them is its entry into the Solana ecosystem.
Frog Wif Hat is Coming to Solana
The community’s reaction to Solana-based memecoins has always been positive, as evidenced by the rise of BONK last year and Myro this year. BONK was one of the successful Solana-memecoins that went ahead and generated massive gains and even reached a $1 billion market capitalization, which led to its going live on Binance for another pump.
Even today, BONK continues to maintain a market capitalization of more than $800 million, up 20% in the past 24 hours and possibly set to catch up to today’s price move for WIF and PEPE.
Frog Wif Hat has plans to come to the Solana blockchain via PortalBridge in phase 2 of this roadmap. As it will expose the token to the second biggest memecoin community active in the crypto space, it will become possible for Frog Wif Hat to experience another major pump.
What Makes Frog Wif Hat (FWIF) a Good Investment?
The distinct imagery taking a comedic tone towards the rivalry between different memecoins aside, Frog Wif Hat's release timing makes it a good investment.
For one, the project's roadmap has established a realistic milestone. It doesn't talk about providing a new utility or any game-changing aspect that will shine a new light on the memecoin genre.
Frog Wif Hat is leveraging what works and embracing its meme-nature completely. Its only goal is to reach 10.000 FWIF holders and surpass the $100 million market capitalization, which is looking like a possibility now that the token has already gotten the attention of major voices in the market.
Zach Humphries, a crypto YouTuber with 125k followers, has reviewed the Frog Wif Hat positively, emphasizing the hilarity of this project. Another crypto YouTuber, Crypto Gains, has put its own weight behind the Frog Wif Hat, stating that even though risky, the project "could be worth it".
With 247k followers, popular reviewer of new cryptocurrency projects Austin Hilton also has promoted FWIF.
Other positive aspects of the project include a locked liquidity pool, 0% tax, and an audited smart contract. There is an air of legitimacy around this project, making it a good buy for most investors.
Frog Wif Hat is Risky, But a Worthy Investment - Next Pepe?
With its unique imagery that capitalizes on the Wifhat narrative while taking shots at existing tokens, Frog Wif Hat embraces its meme nature and crude humor.
The project’s stealth launch has been a success, making it a good buy for early traders so far.
Whether it can reach a $500 million market cap like Dogwifhat (WIF) or over $900 million like Pepe (PEPE) remains to be seen.
Those who want to learn more about this new crypto project and buy it can do so on frogwifhattoken.com or by connecting their wallet on DEXScreener.
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