The frog that bonded twice
A dead launch, a CTO three weeks later, and the second run that went to $40M.
Share on XLaunch
The frog launched on a Tuesday afternoon with a hand-drawn logo and no X account. It bonded in 25 minutes on the back of a few early buyers who liked the art, then dumped 80% as those buyers took profits. By evening, the dev had sold and left.
The quiet weeks
For three weeks it sat at around $60K. Volume was almost zero. The holders who stayed were people who liked the frog, not the chart. A few of them kept posting the art.
The takeover
One holder made a group chat. Twenty people joined. They made a new X account, redrew the logo in the same style and started posting daily. Nobody paid for promotion. The top holders were people who had bought in the first week, and nobody held more than 3%.
The second run
A large account quoted one of the frog posts. The coin went from $60K to $2M in a day, pulled back by half, then climbed for two weeks to a $40M peak.
What the holders say
"We didn't do anything clever. We just didn't leave." — an early holder
What to learn
- A dev selling is not the end if the supply is spread out.
- Organic CTOs have holders from the early days, not wallets that bought the week before.
- Most dead coins stay dead. This one is a story because it is rare.
Notes in the margin
Loading notes…
