Meme Insider
FRED is a community-driven meme token on the Solana blockchain, centered around the story of “Fred the Raccoon.” Launched via the Pump.fun memecoin launchpad, it trades under the symbol FRED and is identified by the mint address CA2wm5cbcMjawbf5Lai7cLywpBSWyV94LbgAtAmDpump. Like most meme coins, FRED’s value is shaped by narrative, community engagement, and market sentiment rather than utility.
Quick facts
- Chain and standard: Solana SPL token (Solana)
- Symbol: FRED
- Mint address: CA2wm5cbcMjawbf5Lai7cLywpBSWyV94LbgAtAmDpump
- Launch: November 1, 2024 (community ownership reportedly claimed November 14, 2024)
- Origin: Launched on Pump.fun
- Sites reported by sources: fredonsol.fun and fredsolana.net
- Explorer: Solscan
The backstory: a meme with a mission
FRED draws its identity from a raccoon meme tied to the PNUT community and, more poignantly, from a real raccoon named Fred who was reportedly euthanized by local authorities. The project’s narrative resonates with animal lovers and aims to spark conversation around animal welfare and wildlife protection. This mission-driven angle sets FRED apart from purely speculative memes and helps rally its community.
Tokenomics overview
- Supply: Approximately 999.8 million FRED. Figures observed across sources include 999,856,448; 999,843,302; and 999,817,667.286427. In practice, treat supply as ~1 billion.
- Circulating supply: Reported as effectively equal to total supply due to a fair launch via Pump.fun.
- Mint/freeze authorities: Multiple sources indicate mint and freeze authorities are disabled, lowering the risk of future inflation or account freezes.
- Distribution: No extreme top-holder concentration was flagged in the sources reviewed, though a formal, detailed tokenomics or team allocation breakdown is not publicly documented.
- Transparency note: As is common with meme coins, FRED lacks a comprehensive whitepaper and granular emission schedule, which can be a concern for risk-conscious traders.
Market performance at a glance
FRED’s market data varies by date and source (typical for fast-moving meme assets):
- Market cap: Observed ranges from thousands to several million USD across reporting periods.
- Price extremes: Reported all-time highs vary by source (e.g., ~$0.2328 to ~$0.3177) and all-time lows from sub-cent levels. The takeaway is high volatility.
Always cross-check live data on aggregators like CoinMarketCap and CoinGecko before making decisions.
Where to trade FRED
FRED trades on both centralized and decentralized venues. Options mentioned across sources include:
- Centralized exchanges: MEXC, KuCoin, LBank, and Gate.io.
- Decentralized exchanges: Raydium on Solana. You can connect wallets like Phantom to trade FRED/SOL or FRED/USDC pairs when liquidity is available.
- Discovery and tracking: You can also research and trade FRED using GMGN.AI, which offers real-time analytics and smart-money insights.
Tip: No matter where you trade, verify the mint address (CA2wm5cbcMjawbf5Lai7cLywpBSWyV94LbgAtAmDpump) to avoid lookalike tokens.
How to buy on Solana (quick guide)
- DEX route (Raydium):
- CEX route:
- Research and tracking:
Technology and security notes
- SPL token standard: As an SPL token, FRED benefits from Solana’s high throughput and low fees, ideal for meme-driven trading activity.
- Program-level details: The mint account stores total supply and authority settings, with token transfers managed by Solana’s Token Program.
- Security checks: Sources reference scans (e.g., Go+) noting disabled mint/freeze authorities—an encouraging signal for immutability. Still, conduct your own due diligence.
Community and ecosystem
- Community-first: FRED’s visibility is built on memes, social media activity, and the emotional pull of Fred’s story.
- Social presence: Engagement typically centers on X/Twitter, forums, and community-driven content.
- Avoid confusion: Other “FRED” tokens (including on non-Solana chains) may exist. Always verify the Solana mint address when following social links or charts.
Regulatory considerations
FRED has been mentioned alongside other Solana meme tokens in reports of litigation and regulatory attention (e.g., alleged unfair distribution or manipulation in the broader meme token space). While outcomes are uncertain, this underscores a higher regulatory risk profile for celebrity-backed and volatile meme assets. Stay informed and assess your own risk tolerance.
Key risks
- High volatility: Rapid swings and drawdowns are common; past data shows deep retracements from peaks.
- Information gaps: Limited formal tokenomics and documentation reduce transparency.
- Hype cycles: Meme tokens can lose momentum as attention shifts, increasing downside risk.
- Regulatory overhang: Evolving scrutiny can affect listings, liquidity, or sentiment.
- Liquidity variability: DEX liquidity can be uneven; use limit orders or adjust slippage carefully.
Potential opportunities
- Narrative-driven growth: The animal-welfare storyline can galvanize community support and awareness.
- Solana tailwinds: Low fees and high speed support active retail trading and onboarding.
- Listings and partnerships: Broader exchange support or ecosystem collaborations could expand reach.
- Staking/earn programs: Some exchanges periodically offer staking or rewards, which may appeal to long-term holders. Check terms and risks before participating.
Verification checklist
- Confirm token: Solscan mint.
- Double-check venue links: Use official project pages (reported: fredonsol.fun, fredsolana.net) and reputable aggregators (CoinMarketCap, CoinGecko).
- Match pairs and contracts on exchanges/DEXs before trading.
Disclaimer: This content is for informational purposes only and is not financial advice. Crypto assets are highly volatile. Do your own research and consider consulting a licensed advisor before investing.
