Learn about the Fwog (FWOG) memecoin, the up-and-coming Solana-based memecoin, and how to trade FWOG Perpetual Futures listed in the Bybit Innovation Zone.

 recently surpassed a collective valuation of over $20 billion, reflecting the staggering performance of a sector that caught the crypto world by storm this year (2024). The leading three meme coins — dogwifhat (WIF), Bonk (BONK) and Peanut the Squirrel (PNUT) — generated some of the highest returns in the crypto markets. 

One of the newer Solana-based meme tokens on the block, Fwog (FWOG), was recently listed on 

 for perpetual contracts. This article explores what the FWOG meme coin is, how it came about and the community behind the rising meme project.

FWOG is a frog-themed meme coin built on Solana. The project arose from a community-driven effort to rescue and relaunch a floundering crypto project. To understand FWOG's history, though, it's essential first to grasp the rise and fall of Flog the Frog (FLOG). 

FLOG had solid artwork and supposedly decent support, and peaked at a $15 million market cap. However, 

 between FLOG's core team members doomed it. In the middle of the fallout was Titto, the artist who created FLOG's visuals. 

Titto worked tirelessly, but wasn’t paid for his work. In response, the community that had once supported FLOG decided to support Titto, relaunching FLOG as FWOG.

Pepe the Frog is a notable character in meme culture. The now-iconic green anthropomorphic frog with a humanoid body was designed by cartoonist Matt Furie in 2005. Pepe's rise in popularity led to the creation in 2013 of 

, an Ethereum-based meme coin. The crypto community went wild over the concept, and PEPE immediately ascended to one of the highest ranks in meme coin valuation. Pepe's success opened the door for other frog-themed meme coins, such as Fwog.

Fwog was technically developed by Anon, Deecayz, and supported by Chernggg, Cole Thereum and other crypto influencers. They were relaunching a project called FLOG that had collapsed. Titto, the artist behind FLOG, is as much a developer of Fwog as anyone else. That's important because his work is central to creating the Solana-based Fwog meme coin. 

From start to finish, Fwog was a community project. Fwog's growing community — now over 21,000 on X — has hardly been shy in promoting the coin. That’s been important because, with "fairness" and "support for creators" as two of Fwog's core tenets, a community rallying behind the project is a big part of what makes it happen. 

Almost every meme coin, FWOG included, has little in the way of real-world utility. The Fwog token is community-driven and derives a great deal of its momentum from humor, internet culture and the expressiveness of a tight-knit community. Doing a great deal to distinguish itself from other meme coins, Fwog has some remarkable visual artwork associated with it. Titto, the chief artist, along with other contributors to the Fwog community, has consistently produced eye-grabbing pieces with which the public seems to resonate.

Fwog (FWOG) has done exceptionally well since debuting. Its market cap 

 $584 million, reflecting the stong support the token has generated from the broad crypto market. 

 CoinGecko, FWOG’s all-time low was $0.009244. It’s currently trading at $0.736, indicating a 6,326% increase in three months. This remarkable performance highlights FWOG's appeal to both investors and the broader community.

FWOG has a total and max supply of 975,635,328 tokens, each of which is in circulation. This ensures widespread accessibility while attracting more holders. At the moment, there are 39,961 confirmed holders of FWOG tokens. As its price increases, more holders are anticipated.

FWOG is the latest Solana-based memecoin to make waves in the crypto memecoin market. Although the token was created to resuscitate the dying Flog the Frog (FLOG), it’s now taken its own shape. Backed by the crypto community, FWOG is thriving and breaking new ground. However, it’s important to note that this guide doesn't offer investment advice, and it's best to conduct 

 before deciding whether or not to invest. Meme coins are risky and volatile, and traders need to be cautious when buying or selling these tokens.

, allowing you to trade with up to 12.5x leverage.

Beginner

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Fwog (FWOG): A Different Kind of Frog Meme Coin

Peanut the Squirrel (PNUT) is a Solana-based meme coin that skyrocketed after a tragic story about Peanut, a pet squirrel, ignited social media outrage.  

 thrives on controversy, hype and social media–driven frenzy. An in-depth look at the history of the rise of 

 (DOGE) — the undisputed leader among meme coins — is enough to draw that conclusion. Over the past few months, several meme coins minted via platforms such as 

 have gone viral for either controversial or otherwise notable reasons. However, not many among even these viral coins have managed to rival the hype and stratospheric rise of Peanut the Squirrel (PNUT).

 (SOL) meme coin launched in early November 2024 via Pump.fun, PNUT has stolen the spotlight in the crypto market because of tragic events surrounding the pet that inspired the coin, the U.S. presidential election that resulted in a Donald Trump victory, and tweets on the topic from none other than the grand meme coin promoter, Elon Musk.

In 2017, Norwalk, Connecticut resident Mark Longo, on a visit to New York, found a squirrel whose mother was killed by a car. Mr. Longo rescued the orphaned animal and raised it for the following six years in his Connecticut home. Named Peanut, the squirrel became an Instagram celebrity when Mr. Longo started posting videos of it on the social media platform. By late 2024, Peanut had amassed an impressive Instagram fan base of over 500,000 followers.

In April 2023, Mr. Longo and his wife Daniela moved from Norwalk to upstate New York and created an animal sanctuary there. Naturally, their favorite pet, Peanut, also found residence at the Longos' new address.

Unfortunately for Peanut, the state of New York has strict laws that prohibit keeping wild animals in a residential setting. Along with their beloved pet squirrel, the Longos were also housing another animal, a raccoon named Fred, at their New York home. A number of complaints regarding the wild pets kept at their home were raised, and Mark Longo found himself the target of attention from the New York State Department of Environmental Conservation (NYSDEC).

Mr. Longo initially stated that he had released the animals into nature. However, Peanut's continual appearance in Instagram postings made it obvious that the squirrel was still at the Longos' residence. The DEC continued to pursue the case, and on Oct 30, 2024, the agency's officials — arriving as a formidable team of between six and eight officers — entered the Longos' home on the basis of a search warrant and seized both pets, Peanut and Fred.

As alleged by the DEC, Peanut bit one of the officers during the seizure of the animals. Fearing that the animals might carry rabies, both 

 on Nov 1, 2024. Following the euthanasia, tests carried out established that neither animal had had rabies.

The heavy-handed approach by the DEC, which sent a team of at least six officers to the property, and the subsequent euthanasia of the animals caused an outcry on social media. Many people, including political figures and celebrities, have commented that the government should be preoccupied with real issues facing the public instead of seizing pets from homes. Among the prominent figures that condemned the euthanasia of Peanut — which received much more attention than that of Fred, due to the squirrel’s Instagram celebrity status — were New York congressman Nick Langworthy and the world's richest person, Elon Musk.

The fact that the animals' tragic deaths occurred just days before the U.S. presidential elections politicized the issue, turning Peanut's story into a debate on freedoms and government overreach.

 creators to seize on the internet sensation caused by Peanut's fate. The day after the squirrel's death, Nov 2, 2024, Peanut the Squirrel (PNUT) meme coin was launched on the Solana blockchain via the popular meme coin generator Pump.fun.

Pump.fun's choice here isn't surprising. By late 2024, Pump.fun has emerged as the leading meme coin generator platform in the crypto world. The platform lets users easily and affordably launch Solana-based meme coin assets.

Since its introduction on Nov 2, 2024, PNUT has experienced an epic rise, growing by nearly 2,600% between its launch date and the time of this writing (Nov 14, 2024). The coin's initial price (when it was first listed on CoinGecko on November 2) was around $0.076. In the days before the Nov 5, 2024 presidential election, Elon Musk posted tweets lamenting the way Peanut was dealt with and turning the squirrel into a kind of political martyr and cause. One of the tweets, posted on November 3, read: "

It's possible that Musk was referring to the euthanized squirrel only, and not to the PNUT meme coin when using the "PNut" spelling. Whatever was on the mind of the wealthiest fan of meme coins, the utilized spelling acted as another boost for the virality of the PNUT crypto token.

However, the real catalyst to the skyrocketing price of PNUT was the announcement of the token's listing on Binance on Nov 11, 2024. The day before the announcement, PNUT was trading at slightly under $0.13. Following the news, PNUT's price began to catapult, hitting an all-time high of $2.44 on November 14, with a market cap of over $2 billion. However, typical of meme coins’ prices, its value slipped rather substantially the next day from its ATH, to $1.69 with a market cap of $1.69 billion.

Naturally, with the hype surrounding PNUT and its meteoric rise, many critics believe that the token is another 

 scheme. Whatever the case may be, PNUT continues to enjoy massive popularity among meme coin investors during its initial days on the market.

PNUT is already available on Bybit as a Perpetual futures contract based on USDT (

). Under the contract, you can trade PNUT with up to 50x leverage.

If you consider investing in the coin, it's also essential to 

 on it before buying as PNUT is a meme coin, and is currently driven by social media hype and political events surrounding the recently concluded U.S. elections. Thus, careful research on the coin's prospects is highly recommended.

As of Nov 18, 2024, PNUT is worth $1.69, 32.3% lower than its ATH price of $2.44 on Nov 14, 2024. The current price is over 5,200% higher than the coin's ATL of $0.03187, registered on Nov 4, a day before the U.S. elections. 

Although PNUT's drastic uptrend is currently ongoing, price trajectories for highly hyped meme coins can be extremely volatile. For this reason, major price prediction portals diverge in their assessment of PNUT’s long-term prospects. For instance, PricePrediction 

 to average $0.0946 in 2025 and $0.6165 in 2030. In contrast, CoinCodex is much more bullish on PNUT, 

 prices of $4.56 in 2025 and $6.62 in 2030.

A string of events in late October and early November 2024 transformed Peanut the Squirrel — unfortunately, posthumously — from a pet with an Instagram base into a political cause that injected significant debate into the U.S. presidential elections. In the finest traditions of internet culture, meme coin creators quickly leveraged the issue, creating and quickly hyping the PNUT coin. Just twelve days from its launch, PNUT is scaling heights that many other hyped meme coins could only dream of. The coin's stratospheric rise is an ongoing event, with its future developments difficult to predict.

For observers who believe that meme coins were starting to lose their earlier shine, Peanut the Squirrel now looks intent on proving them decisively wrong.

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Peanut the Squirrel (PNUT): The Viral Meme Coin With a Heartfelt Story

Base, Coinbase's Layer 2 blockchain, is seeing a surge in token activity, driven by memecoins and AI tokens.

The S&P 500 fell 2.08% last week as the post-election rally faded after Fed Chair Powell signaled delayed rate cuts due to strong economic conditions and inflation. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 1.73%, with Bitcoin and Ether rising by 0.72% and 1.22%, respectively in the past 24 hours.

Today's top performer is SOL, which surged 11.1% following a surge in fees for Solana DApps amid memecoin mania and a rising SOL price.

Solana (SOL), founded in 2017, is a fast, low-cost blockchain supporting 50,000 transactions per second with seamless composability, enterprise security, and support for C, C++, and Rust. It uses Proof of History to enhance its Proof of Stake consensus. Solana-based DApps saw 

 amid a memecoin frenzy, with five of the top 10 crypto protocols by fees in the last 24 hours on Solana. Raydium led with $11.31M in fees, while Jito earned $9.87M. Memecoin activities drove significant gains, including a 2700% rally for Peanut (PNUT) and Dogwifhat's (WIF) Coinbase listing. SOL surged to $242, its highest since 2021, with a market cap of $112B despite 4.9% annual inflation.

Check Out the Latest Prices, Charts, and Data of 

Base, Coinbase's Layer 2 blockchain, is seeing a surge in token activity, driven by memecoins and AI tokens. VIRTUAL, KEYCAT, and MIGGLES have posted significant gains, with weekly transactions hitting an all-time high of 47 million, a 62% increase since September. The total value locked (TVL) on Base has also reached a new peak of $3 billion. This rally may have been sparked by Coinbase listing PEPE and WIF, fueling speculation about future token listings on the platform.

Between November 11-15, 2024, BTC Spot ETF saw total net inflows of $1,671M, driven by $1,756.7M from non-GBTC sources, offset by a $85.7M outflow from GBTC. Overall, the current cumulative flows stand at $27,461M, with non-GBTC contributing $47,734M, while GBTC remains at a negative $20,273M.

Bless Network, a DePIN project, offers users the 

 by contributing computing power through their devices. Backed by $8 million in funding, the Bless Incentivized Testnet is live. To participate, sign up, install the Bless browser extension, and let your PC run in the background to accumulate "Up Time" for larger rewards.

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Base Tokens Surge as Blockchain Activity Hits Record High Amid Memecoin and AI Rally

Nov 18, 2024: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Macro Overview — Rate Cut Hopes Dampened in the Wake of Strong Economy

Target rate probabilities for Federal Reserve meeting on Dec 18, 2024. Source: FedWatch

Recent strong economic and inflation data is reshaping the discussions among Federal Reserve policymakers regarding interest rate cuts. On Friday, investors further lowered their expectations for a rate reduction at the Fed's upcoming December 2024 meeting.

Central bankers have expressed confidence that inflation is stabilizing, suggesting that the benchmark rate, currently between 4.5% and 4.75%, could eventually be lowered to a more neutral level that encourages spending and investment. However, the pace of these potential cuts and the definition of "neutral" remain topics of debate. Fed Chair Jerome Powell indicated that the robust economy allows for a measured approach.

This shift in sentiment follows a political change after Donald Trump's election, with Wall Street adjusting to the prospect of inflationary pressures from potential tax cuts, increased tariffs and immigration restrictions under the new administration. Although Fed officials have not explicitly factored these political developments into their considerations, market expectations for rate cuts have diminished over the past week.

 noted that while there isn't a pressing need to cut rates, December 2024 still remains a possibility. Other officials, including Richmond Fed President Thomas Barkin, have emphasized that any pause in cuts would indicate a slower approach, rather than a complete halt.

Recent data, including strong retail sales and rising import prices, has led traders to reduce to around 60% the likelihood of a December rate cut. Chicago Fed President Austan Goolsbee has acknowledged that inflation indicators remain high, though he maintains a general expectation for inflation to trend toward the Fed's 2% target. He suggested the Fed might cut rates by a quarter point next month, and by a full percentage point throughout the next year, in line with projections from September. Investors now anticipate rates could remain higher than previously expected, with fresh projections set to be released in December.

Weekly Crypto Highlight — Beam Chain: Justin Drake’s Ambitious New Plan for Ethereum

At Devcon (2024), Ethereum’s annual conference for developers, excitement surged as Justin Drake, a leading Ethereum researcher, unveiled his "most ambitious initiative" yet: Beam Chain, a new consensus layer that utilizes 

 (ZK) technology to enhance Ethereum’s infrastructure.

Ethereum operates on two layers: the execution layer, which handles transactions, and the consensus layer, which handles network security. Beam Chain aims to improve the Consensus Layer with several key benefits, as follows.

Despite the palpable excitement, the presentation faced criticism on the below fronts.

Researchers acknowledge the need to enhance Ethereum’s 

, with plans to address fragmentation set for adoption by 2025. Upcoming features like pre-confirmations and based rollups aim to further benefit Ethereum L1 validators.

Justin Drake’s presentation didn’t drastically shift opinions, but it did solidify bullish sentiment among Ethereum supporters, particularly regarding 

 2 developments. Meanwhile, skeptics remain concerned about ETH's recent price performance, which has lagged behind that of Bitcoin and Solana. In the complex landscape of cryptocurrency, the Ethereum community recognizes the importance of careful, deliberate progress as they navigate substantial investments in this evolving space.

Total Bitcoin Spot ETF Net Inflows. Source: CoinGlass

Inflows into Bitcoin Spot exchange-traded funds (ETFs) experienced a significant slowdown in the latter half of last week. This deceleration can be attributed to two main factors: profit-taking by investors, and the broader market's response to anticipated changes in monetary policy.

As Bitcoin's price surged in recent weeks, many investors have seized the opportunity to lock in gains, leading to reduced inflows into these ETFs. 

Additionally, the overall landscape for risk assets, including cryptocurrencies, has been complicated by the Federal Reserve's signals regarding interest rate cuts. Investors are now grappling with the possibility that the central bank may adopt a more cautious approach in its upcoming meetings, potentially leading to fewer rate reductions than previously expected. This uncertainty creates headwinds for riskier assets, as a less accommodative monetary policy can dampen investor sentiment and reduce appetite for volatility.

Advanced

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Weekly Institutional Insights: Bitcoin Clings to $90K; Ethereum Unveils Beam Chain

Candlestick

Trading

Understanding how inverted hammer candlestick patterns help you make better decisions in a trade. Learn how to critically identify such trends.

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Candlestick charts are an invaluable source of information for any trader. Despite the overwhelming 

 variants, it is still crucial to understand its functions. Supposed you’re analyzing the momentum or the market trend with an inverted hammer candlestick, here’s how you properly read and to apply it strategically. 

Generally, an inverted hammer is a type of candlestick pattern treated as a possible trend-reversal signal. As it is a well-known bullish reversal pattern, it mainly occurs at the end of a downtrend. The inverted hammer has a remarkable shape and clear-cut chart position make it recognizable among the others. 

The inverted hammer is a variation of the regular hammer pattern. Typically, it’s easy to identify a hammer pattern though there are exceptions. Of course, there are instances where the inverted hammer is mistaken as a shooting star pattern. They look almost identical with a small real body and a long upper shadow, but it marks the possible lowering turning point. That is why traders must be aware of everything about the peculiarities of patterns.

How Does an Inverted Hammer Candlestick Look Like?

The inverted hammer consists of three parts: a body and two shadows (wicks). A real body is short and looks like a rectangle lying on the longer side. The upper wick is extended and must be at least twice longer than the real body. However, the lower wick is tiny or doesn’t exist at all. This pattern bears such a name because its shape has some resemblance to an upturned hammer.

The hammer occurs when open, low, and close prices are approximately the same. The inverted hammer is generated in the downtrend or after it, and this is a mark of a highly probable trend reversal. It appears when bullish traders are ready to change the trend after bearish traders have knocked the prices downwards. When looking into the upper wick, it shows the bulls’ attempts to push the price up as high as possible. In contrast, the lower wick is caused by the bears, who strive to stand against the higher price.

The hammer represents a one-day bullish reversal pattern. Its real body can either be bearish (the open is higher than the close) or bullish (the close is higher than the open). But it doesn’t matter how it looks like. In any case, it will be viewed at the bottom of a downtrend, and the market line is expected to reverse. 

Any traders should be aware that no patterns can be utterly informative when being utilized or analyzed alone. Simple identification of the inverted hammer candle is not sufficient for successful trading, including (forex, stock, or even cryptocurrency).

 or the inverted hammer candle position, to consider when assessing a position. Supposed a trader is sure that he or she has identified the pattern correctly, it is necessary to start looking for other signals to confirm a possible reversal. However, this is a warning only but not a signal by itself to buy.

As the inverted hammer cannot be considered a decisive signal, it works well combined with some classic technical analysis patterns.

On the contrary, Double Bottom is one of the most robust reversal patterns. Its shape resembles the letter “W” as it consists of two consecutive lowest points that are nearly equal, with a moderate peak between them.

The inverted hammer at the second bottom on this chart confirms the Double Bottom, and both indicators signal the market moves up. A trader needs to wait for the market closure above the inverted hammer’s high to go long.

This is another technical analysis pattern that receives its name after the letter. Its shape looks like the letter V and appears when price momentum changes from an aggressive selling to an aggressive buying condition.

The inverted hammer typically forms before a trader enters the trade. So when the market closes above the high of the inverted hammer, it’s time to go long. Keep in mind that it is necessary to trade these both patterns with a support level, as it tends to bounce off the trends.

Of course, there are also other ways to use the inverted hammer in trading. For instance, traders can make a profit from the pullbacks in an uptrend. In this case, the inverted hammer indicates a possible entry on a pullback.

This pattern can be introduced into a profitable 

 if a trader considers some general considerations and scenarios. Since this is a bullish candlestick pattern, only the buying rules can be applied to it.

the possible price reversal points on the chart. These can be 

. It is tolerable to enter the trade after the confirmation candlestick formation. Such a strategy means there will be lower risks to enter a trade, but the purchase price will be higher, and the traders’ profits will be significantly lower.

. Traders set the stop-loss limits according to their trading views. But as a rule of thumb, they are 

 than the inverted hammer candle’s low price. It is crucial to follow the stop-loss strictly as trading the candlestick patterns can never be considered failing.

. Some important characters to be into consideration includes:

The Pros and Cons of an Inverted Hammer Candlestick

There is no ideal pattern that will work at any time in any situation. The inverted hammer is no exception. There are several obvious advantages of using this candlestick:

But these advantages are accompanied by disadvantages as well. The main disadvantage is common to all the strategies and scenarios. It may happen so that pattern will 

The inverted hammer candle may be a signal of a 

 but not a longer-term trend. Also, sometimes the additional confirmation is desirable, and this results in loss of profits.

 with its bearish variant, the shooting star mentioned above. They may miss the moment though the signal is evident.

Differences Between an Inverted Hammer and a Shooting Star

The form of these two candles is identical. A real short body is a combination of a long upper wick and a tiny lower wick (or no lower wick at all). Both can be regarded as a possible trend-reversal signal. But, the only distinction between them lies in the position they take in the chart.

The inverted hammer always appears as the 

 of the downtrend. On the contrary, the shooting star appears at the top of the trend and marks the possible downward price movement. In a nutshell, these two patterns are similar in shape. However, they provide traders with different signals.

Candlestick charts are an integral part of technical analysis. The chance for success depends much on how a trader is familiar with candle patterns and uses them for trading no matter what asset they prefer. A candlestick can not be a trade signal in isolation. Instead, it’s best to get an accurate and precise holistic point of view when interpreting the candlestick.

The confluence of factors makes the basis for market development, but not a single factor, and this fact cannot be ignored. The ‘Reversal trend’ is not meant to be taken literally. If the inverted hammer has appeared on the chart, it doesn’t mean that the price line would undoubtedly change and go in the opposite direction. It means the change of the market sentiment, so the traders should be readу to look for other symptoms of the nearest moves. An inverted hammer candlestick can certainly be a useful tool for those who can use it in combination with other signals.

Candlestick Patterns Professional Traders Use

 – A curated list of candlestick patterns most frequently used by traders

 – Learn the basics of candlestick patterns

 (Chart basics: trend, neckline, wedges)

How to Read the Inverted Hammer Candlestick Pattern?

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