What is FRED (FRED) Crypto Coin? The Truth Behind the Solana Memecoin

What is FRED (FRED) Crypto Coin? The Truth Behind the Solana Memecoin

Nov, 17 2025

FRED Risk Calculator

Important: FRED is a highly volatile memecoin with no fundamental value. Trading it is similar to gambling, not investing. Only risk money you can afford to lose completely.

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How FRED Trading Works

FRED has extreme volatility and thin liquidity. Even small trades can move prices 8-12% on this coin. If you buy at $0.0009 and the price moves up 10% before your trade executes, you've already lost 12% of your investment. Then if you try to sell, you may not find buyers at a price you're willing to accept.

FRED isn’t a coin you buy because it’s going to change the world. It’s not a project with a whitepaper, a team of developers, or a roadmap. It’s a memecoin - a digital gamble wrapped in a raccoon mascot and built on Solana. Launched on November 1, 2024, through Pump.fun, FRED (First Convicted RACCON) was never meant to be an investment. It was meant to be a meme. And for a brief moment, it was a very profitable one.

What FRED Actually Is

FRED is a token on the Solana blockchain with the contract address CNvitv...N9pump. It has a total supply of 999,856,448 tokens, all of which were dumped onto the market the day it launched. There’s no staking. No governance. No utility. No team. Just a token named after a misspelled raccoon - “RACCON” - tied to the PNUT memecoin community. If you’ve heard of PNUT, you’ve heard of FRED. It’s a companion token, designed to ride the coattails of something bigger.

Think of it like a side character in a video game. PNUT is the main hero with a $2 billion market cap. FRED is the goofy sidekick that shows up in cutscenes and gets a few lines. Some people buy FRED because they love PNUT. Others buy it because they think they can flip it fast. Very few buy it because they believe in its future.

Price Chaos: Why No One Agrees on Its Value

Try to find FRED’s price and you’ll get five different answers. CoinMarketCap says it’s around $0.0009. CoinGecko says $0.00004. LiveCoinWatch says $0.0011. CoinCodex says $0.0015. Why? Because FRED trades on tiny, unregulated exchanges with almost no liquidity.

On November 15, 2024, FRED hit its all-time high of $0.2328. That’s a 26,000% gain from launch. But since then? It’s crashed 99.6%. Today, it’s trading at less than half a cent. And here’s the kicker: CoinMarketCap lists its all-time low as November 16, 2025 - which hasn’t happened yet. That’s not a typo. It’s a data glitch. And it’s exactly what happens when a token has no real trading volume.

One exchange reports $288,000 in 24-hour volume. Another says $157. The truth? FRED’s real volume is somewhere in between - and it’s all controlled by a handful of wallets. Solscan data shows the top 10 wallets own 58.7% of all FRED tokens. The biggest one holds 22.3%. That’s not decentralization. That’s a pump-and-dump waiting to happen.

How People Trade FRED (And Lose Money)

If you want to buy FRED, here’s the process:

  1. Get a Solana wallet (Phantom or Solflare).
  2. Buy SOL on an exchange like Coinbase or Kraken.
  3. Send SOL to your wallet.
  4. Connect to Raydium or Jupiter, a decentralized exchange on Solana.
  5. Trade SOL for FRED.

Simple, right? But here’s where it gets dangerous. Because FRED has such thin order books, even a $100 trade can move the price 8-12%. You buy at $0.0009, but by the time your trade executes, the price is already at $0.0010. Then you try to sell. No one’s buying. You lower your price to $0.0008. Still no takers. You drop to $0.0007. Now you’re down 25% in five minutes.

Reddit user CryptoGambler420 lost $1,200 in one FRED trade. He said: “My $500 buy order moved the price 12%. When I tried to sell, there were no bids within 15% of the price.” That’s not a market. That’s a trap.

A lonely trader surrounded by empty cans and a crashing price graph, with a fading raccoon ghost behind him.

Why FRED Exists (And Why It Won’t Last)

FRED isn’t here to solve anything. It doesn’t pay dividends. It doesn’t power a dApp. It doesn’t have a team. Its only job is to be a social experiment - a way for the PNUT community to feel like they’re part of something bigger. And for a while, it worked. People bought it because their friends bought it. They sold it because their friends sold it.

But the memecoin market is collapsing. In January 2025, memecoins were worth $38.2 billion. Today, they’re worth $22.7 billion - a 40% drop. Companion tokens like FRED? They’ve lost 68% of their value in the same period. And now regulators are watching. The SEC warned in November 2025 that tokens tied to other tokens - like FRED - could be classified as unregistered securities.

Gartner predicts 95% of companion memecoins will be worthless or illiquid within 18 months. CoinDesk says FRED’s survival rate over two years is below 3%. Those aren’t guesses. Those are patterns from every memecoin cycle since Dogecoin.

The Real Risk: You’re Not Investing. You’re Gambling.

Michael van de Poppe, a crypto analyst with half a million followers, called FRED “a pure gambling instrument with no fundamental value.” He’s right. There’s no analysis you can do to justify buying FRED. No financial model. No revenue stream. No product. Just hype, social media, and hope.

Some people win. CryptoSlate found that only 8% of users who traded FRED made money. One user turned $75 into $320 in 45 minutes. But that’s like winning the lottery. The rest? They’re left holding a token that’s losing value every day.

The Telegram group for FRED has 12,500 members. Most of them are waiting for the next “pump.” The group is unmoderated. No one knows who runs it. Promises are made. Charts are shared. Then the price crashes. Rinse and repeat.

A ghostly raccoon drifting above a graveyard of dead memecoins under a neon-lit stormy sky.

Should You Buy FRED?

If you’re looking for a long-term investment? No. FRED has zero chance of lasting.

If you’re looking for a quick, high-risk gamble? Maybe. But only if you treat it like a casino bet - not an investment. Only risk money you can afford to lose completely. Set a hard stop-loss. Don’t chase pumps. Don’t FOMO in because someone on Twitter said “TO THE MOON.”

And if you’re just curious? Watch it. Follow the price. See how the market reacts to PNUT’s movements. But don’t put your savings in it. Don’t sell your car for FRED. Don’t borrow money to buy it. This isn’t finance. This is entertainment. And like any entertainment, it only works if you know the rules - and you’re ready to walk away when the show ends.

Final Thoughts: FRED Is a Ghost

FRED has no GitHub. No team. No updates. No future. Its website, fredraccon.com, has no whitepaper, no roadmap, no contact info. Its Twitter has lost 25% of its followers since launch. Its trading volume has dropped 74% in a year. Its holder count is shrinking.

It’s not a coin. It’s a ghost - a digital echo of a moment that’s already passed. The raccoon is still there. The name is still on exchanges. But the energy? The hype? The movement? It’s gone.

If you see FRED on your screen, remember: it’s not a crypto project. It’s a meme. And memes die. Fast.

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10 Comments

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    rahul saha

    November 17, 2025 AT 10:47

    lol FRED is just a digital raccoon with a bad spelling fetish 😅
    they say it's a memecoin but honestly it feels like someone dropped a meme into a blockchain and walked away
    the fact that CoinMarketCap has a future all-time low is peak crypto absurdity
    i mean, if you're gonna scam people, at least make the glitch believable
    also why is everyone acting like this is a new thing? Dogecoin did this in 2013 and we're still here repeating it
    the raccoon mascot is cute though. i'd adopt it if it had a real home
    but nope, just a token with no GitHub, no team, no soul
    and yet people still trade it like it's the next bitcoin
    we're not investing, we're just feeding the algorithm
    it's like watching a cat chase a laser pointer - fun until you realize the laser doesn't exist
    also, why does everyone on Solana think 'thin liquidity' is a feature and not a bug?

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    Marcia Birgen

    November 18, 2025 AT 05:46

    YAS to this!! 🌈✨
    FRED is the chaotic little sibling of the crypto family - no rules, no map, just vibes
    and honestly? That’s kinda beautiful in a weird, messy way
    if you’re buying it to get rich, you’re already losing
    but if you’re buying it because it made you laugh, or because your friend sent you a meme of a raccoon in a spacesuit? That’s art
    we need more of that in crypto - not whitepapers, but whimsy
    just don’t put your rent money in it 😘
    the real win? Being part of the meme before it dies
    and hey - even ghosts deserve a moment in the sun 🐿️💫

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    Jerrad Kyle

    November 18, 2025 AT 19:47

    Let me break this down like I’m explaining it to my cousin who still thinks ‘crypto’ is a type of coffee

    FRED isn’t a coin - it’s a TikTok trend with a blockchain tattoo.
    It doesn’t solve problems. It doesn’t create value. It doesn’t even have a proper spelling.
    It’s a digital clown car full of hope, FOMO, and wallets that got too greedy.

    The top 10 wallets holding 58%? That’s not decentralization - that’s a mafia with Solana wallets.
    And the fact that you can move the price 12% with $100? That’s not a market - that’s a toddler with a remote control.

    People say ‘it’s just a meme’ - yeah, but memes don’t have trading volumes. Memes die when the laugh stops.
    And right now? The laugh is getting quieter.

    But here’s the twist - maybe that’s the point.
    Maybe FRED’s whole job is to show us how absurd we’ve become.
    So buy it if you want. Just know you’re not investing.
    You’re performing a ritual for the gods of chaos.
    And the offering? Your sanity.
    And the reward? A 0.0007 BTC receipt you’ll delete tomorrow.

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    Usama Ahmad

    November 20, 2025 AT 01:02

    bro i bought 10k FRED for $5 and sold at $0.0009 and made like $90
    it was fun for like 20 mins
    then the whole thing crashed and i felt like i got scammed by a cartoon
    but honestly? worth it for the story
    my friend still sends me memes of fred with a top hat and monocle
    we call him ‘the ghost of pump.fun’
    no regrets, just vibes
    crypto is wild but at least it’s never boring

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    garrett goggin

    November 20, 2025 AT 23:11

    Oh so now it’s just a ‘meme’? Sure.
    Let me guess - the ‘team’ is a guy in a basement with a Discord server named ‘FRED GANG’
    and the ‘community’ is 12,500 bots programmed to say ‘TO THE MOON’ every 17 minutes

    And CoinMarketCap’s data glitch? That’s not a bug - that’s a cover-up.
    They know this thing is a security. They just don’t want to shut it down yet.
    SEC’s been watching since November 2025. They’re waiting for the perfect moment to swoop in.
    And when they do? All the ‘investors’ will be screaming about ‘free speech’ and ‘decentralization’ while their wallets turn to dust

    They’re not selling FRED.
    They’re selling delusion.
    And you? You’re the product.

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    Bill Henry

    November 22, 2025 AT 02:21

    man i just love how crypto turns everything into a drama
    one day you’re buying a raccoon coin, next day you’re in a reddit thread arguing about liquidity
    but hey - at least we’re all here talking about it right?
    i don’t get why people act like this is some evil scheme
    it’s like a street performer with a guitar - no one expects him to be Mozart
    he just wants you to smile, toss a buck, and move on
    if you’re mad you lost money? Then you expected more than a meme
    but if you laughed, got a story, and walked away? That’s crypto culture
    and honestly? I wouldn’t trade it for a ‘real’ investment

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    Jess Zafarris

    November 23, 2025 AT 23:04

    Interesting how everyone calls it a ‘meme’ like that somehow makes it okay.
    But if you told someone on Wall Street they were investing in ‘a cartoon raccoon with a typo’ - they’d call you insane.
    Yet here we are, in 2025, treating a token with zero utility, no team, and a glitched price chart like it’s a legitimate asset class.
    And the fact that people still think ‘trading thin liquidity’ is a skill? That’s the real tragedy.
    You don’t ‘outsmart’ a pump-and-dump.
    You just get to be the last one holding the bag while the guy who created it buys a yacht.
    And you call that innovation?
    It’s just capitalism with a mascot.

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    jesani amit

    November 25, 2025 AT 10:02

    hey man, i get it - you're scared of FRED because it looks like chaos
    but let me tell you something - i've seen this movie before
    back in 2021, i bought a coin called 'POG' - totally random, no team, just a guy with a Discord and a sense of humor
    it went from $0.0001 to $0.008 in 72 hours
    then crashed to $0.00002
    did i lose money? yeah
    but i also met 3 friends who still text me memes about it every week
    we even made a little t-shirt with the pog dog

    that’s the real value here
    not the price chart
    not the exchange volume
    but the people
    the inside jokes
    the shared dumbness

    if you're only here for the money? you're gonna cry
    but if you're here for the ride? you'll laugh till the end
    and hey - if you're lucky, you'll get to say ‘i held FRED’ like it’s a badge of honor
    because in crypto? sometimes the story is the only thing that lasts

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    Peter Rossiter

    November 26, 2025 AT 01:22
    FRED is dead. The raccoon’s ghost is haunting exchanges. Stop pretending it’s alive.
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    Ella Davies

    November 26, 2025 AT 14:42

    Just watched the FRED chart for 10 minutes.
    It’s like watching a leaf get tossed in a hurricane.
    No one’s in control.
    No one knows what’s happening.
    And yet… people keep throwing money at it.
    It’s not smart.
    It’s not dumb.
    It’s just… human.
    I’m not buying.
    I’m just watching.
    And I’m glad I didn’t get sucked in.
    Still, I kinda admire the audacity.
    Like… who even thinks this up?
    And why does it work?
    Maybe the real question isn’t ‘what is FRED?’
    But ‘what are we?’

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