The frog-themed FWOG meme coin surged by 21% in the last 24 hours, reaching new all-time highs.
FWOG's Record-Breaking Performance
FWOG rose 21% in a day to hit an all-time high of $0.369, pushing its market cap above $350 million for the first time. This made it one of the top-performing assets among the top 300 cryptocurrencies in the past 24 hours.
Investor Interest and Price Surge
Investor interest rekindled post its listing on the Solana-based centralized exchange SolCex, resulting in a significant market cap increase. In October, FWOG also noted a 262% increase, making it the second best-performing meme coin after SPX6900. A significant driving factor was whale accumulation, with over $2.35 million FWOG purchased.
Technical Indicators and Future Potential
Technical analysis shows a bullish trend likely to continue in the short term for FWOG, with the 50-day moving average and the MACD indicator confirming a positive momentum. Whether FWOG has entered a price discovery phase remains to be seen, but further price gains appear possible.
FWOG continues to attract interest from both large and retail investors. Its ongoing price rise could make it one of the most talked-about coins in the crypto community.
