Latest First Convicted Raccon Fred (FRED) News Update

Deep Dive

1. Business & partnerships

FRED launched on 6 December 2024 via Tothemoon (Katya V.), capitalizing on the viral story of Fred the Raccoon’s euthanization. The token targets meme coin enthusiasts with:
- 999.8M total supply (fully circulating)
- $39.8M 24h volume at launch
- Solana blockchain integration for fast transactions

No partnerships or technical upgrades have been announced since its debut.

2. Market metrics

Post-listing performance shows:
- Current price: $0.0049 (down 95.5% from all-time high)
- 30d price change: +53.44% (volatile meme coin patterns)
- Turnover ratio: 0.256 (moderate liquidity)

The project lacks sustained trading momentum, with $1.25M 24h volume as of July 2025.

Conclusion

FRED remains a low-activity meme coin reliant on its origin story, with no developments since its 2024 debut. How might evolving regulatory attitudes toward animal-themed meme coins impact FRED’s viability?

Deep Dive

1. Sentiment overview

The dominant narrative revolves around FRED’s origin story – a Solana-based meme coin memorializing Fred the Raccoon, euthanized by New York authorities in 2024 (Tothemoon). Social media chatter leans heavily on emotional engagement (“justice for Fred”), but technical traders note:
- Price swings: 50.32% monthly gains contrast with -45.57% over 60 days, showing boom-bust cycles typical of meme coins.
- Turnover ratio (0.273) suggests moderate liquidity, allowing traders to enter/exit positions without extreme slippage.

2. Key discussion themes

Bull case:
- First-mover advantage in animal-rights-themed crypto narratives.
- Solana’s low fees attracting speculative capital (FRED launched during Solana’s 2024 resurgence).

Bear case:
- Zero intrinsic utility: No roadmap for features beyond commemorative purposes.
- Circulating supply = total supply (999M+ tokens), limiting scarcity mechanics.

3. Platform-specific insights

• X (Twitter): Meme accounts amplify FRED’s backstory, using hashtags like #FredVsNYC.
• Telegram: ~5K members discuss swing trading strategies, though activity dipped post-listing (-21% 24h volume).
• Developer channels: No visible GitHub activity or whitepaper, reinforcing “pure meme” status.

Conclusion

FRED’s trajectory hinges on whether its community can sustain engagement beyond the initial outrage-driven hype. With the broader crypto market in “Greed” territory (Fear & Greed Index: 67), speculative assets like FRED may see amplified volatility. Can meme-driven tokens survive prolonged market corrections without fundamental value?

Deep Dive

1. Critical context

The project’s website emphasizes Fred’s symbolic role in wildlife justice rather than technical or product roadmaps. Meme coins often prioritize community engagement over structured development plans, leaving investors dependent on social media trends.

• No developer activity – No GitHub repositories, whitepapers, or technical documentation are cited.
• Market behavior – 90-day price volatility (+24.76%) aligns with meme coin patterns, where narratives outweigh fundamentals.

2. Potential impact

Without a roadmap, $FRED’s value hinges on three factors:

• Social traction – Sustained viral appeal could drive short-term pumps, but the 24h volume (-17.34%) suggests fading momentum.
• Broader market trends – Altcoin season index (+240% monthly) might lift speculative assets, though Bitcoin dominance remains high at 60.18%.
• Regulatory risks – Wildlife advocacy messaging could attract scrutiny if tied to fundraising activities.

Conclusion

$FRED’s trajectory lacks actionable milestones, making it a pure sentiment play in a market where greed sentiment (CMC Fear & Greed Index: 67) favors risk-taking. What catalysts could transform its meme status into sustained utility?