The FRED token, officially known as the First Convicted RACCON (FRED), is a community-driven memecoin built on the Solana blockchain. With the symbol "FRED" and a contract address of FLfUj2ThwiHB5X9Uy9sx12HeoVEXcrCxnYWGGeLVbonk, this token quickly garnered attention thanks to its unique narrative and engaged online following.

The Origin Story: Raccoon Inspiration and Meme Narrative

FRED’s origins are rooted in a viral, emotional event. The project draws inspiration from a raccoon named Fred, whose fate at the hands of the New York State Department of Environmental Conservation (NYSDEC) sparked outrage and brought together a passionate online community. This narrative, amplified on platforms like X, transformed into the sentimental backbone of the token, much like other meme coins that thrive on shared culture and internet lore.

The raccoon theme is also closely linked to the "PNUT" community and aims to honor the spirit of "Peanut the Squirrel," a symbol of resilience and community joy. By rallying around the memory of FRED, holders hope to foster positive change and occasionally support charitable causes, emphasizing values like togetherness, life improvement, and justice.

Technical Details and Supply

FRED is an SPL token on the Solana blockchain, which is known for its speed and low transaction costs. The Solana network utilizes a hybrid of Proof-of-History (PoH) and Proof-of-Stake (PoS) for scalability.

Key FRED token metrics:

• Total Supply: ~999,856,448 tokens at launch; reported max supply is 999,839,699.
• Circulating Supply: By July 19, 2025, approximately 999,817,667 FRED are in circulation, with other reports rounding this to ~1 billion.
• Token Standard: SPL (Solana Program Library) token, similar to Ethereum’s ERC-20.
• Token Management: While the mint authority isn't publicly detailed, SPL tokens generally have their minting and ownership governed by dedicated program logic.

FRED leverages Solana’s robust infrastructure for fast, affordable transactions. With all tokens reportedly in circulation from launch, the project maintains a transparent and straightforward supply structure.

Exchange Listings and Market Presence

FRED’s journey from meme to marketable token is underscored by its presence on both centralized and decentralized exchanges:

• Centralized Exchanges: KuCoin, MEXC, Bitget, and CoinEx have all listed FRED, often with USDT trading pairs.
• Decentralized Exchanges: You can find FRED on Raydium within the Solana ecosystem.
• Not Listed: FRED is currently not tradable on Coinbase.

As of mid-July 2025, FRED’s market capitalization ranged from $4.36 million to $4.87 million USD, according to real-time tracking platforms. At certain points, the token was reported to be one of the highest by trading volume on Solana, further boosting its profile.

There has been community speculation about a future Binance listing and even grandiose predictions of hitting a $3 billion market cap. However, these claims are primarily promotional and should be approached with caution.

Community and Social Media Sentiment

What sets FRED apart is its deeply engaged and vocal community, particularly active on X. The FRED_CTO_SOL account serves as a central hub for updates and community news. Posts often highlight:

• Emotional ties to the raccoon backstory, reinforcing FRED’s identity as a “sentimental token.”
• Aspirational goals for new all-time highs and exchange listings.
• Occasional playful associations with high-profile figures, though these are typically marketing moves rather than verified partnerships.

Community participation is central to FRED’s ethos. Token holders often join in community votes or discussions, supporting projects and causes that resonate with FRED’s stated values.

Risks and Considerations for Investors

As a meme coin, FRED’s price and market performance are highly volatile and largely driven by sentiment and speculative trading. Key risks include:

• Pump-and-Dump Dynamics: Sudden surges driven by hype can just as quickly reverse.
• Lack of Underlying Utility: Unlike tokens with clear use-cases, FRED’s value hinges on ongoing community enthusiasm.
• Security and Regulatory Concerns: Solana has previously faced network outages and security incidents, which, while not directly linked to FRED, are important to consider. In addition, increased regulatory scrutiny of Solana ecosystem tokens (including SEC lawsuits) could affect projects like FRED.

For security, it’s essential to use trusted Solana wallets such as Phantom and activate two-factor authentication where possible.

FRED Compared to Other Solana Meme Coins

The Solana network is home to other successful meme tokens, like BONK and WIF. While BONK and WIF rely on broad, universally appealing themes (dogs), FRED’s narrative is more niche, grounded in a specific real-world incident. This can foster strong loyalty but may also limit its broader reach.

Exploring and Trading FRED

For those looking to track or trade FRED, platforms like GMGN.AI can be particularly useful. GMGN.AI is a dedicated meme token analysis and trading platform with cross-chain compatibility, automated trading, real-time analytics, and advanced security checks—making it a comprehensive tool for anyone serious about the meme token market.

Outlook and Final Thoughts

FRED stands as a testament to the power of online communities and meme-driven narratives in shaping modern cryptocurrency trends. Its journey is far from predictable—success will ultimately hinge on continued community support, market momentum, and the ability to stay relevant amidst stiff competition and shifting regulatory tides.

As always, potential investors should do their own research, approach hype with skepticism, and never risk more than they’re prepared to lose—especially in the unpredictable world of meme coins.

Ready to learn more? Dive deeper by exploring FRED on Solscan, or see community updates on X. For real-time analytics and trading, check FRED’s profile on GMGN.AI.