In 2025, looking at the Solana market means staring at a screen dominated by memecoins. BONK, WIF, POPCAT, and a long line of new tickers have turned the network into crypto’s main retail speculation lab. The set of Solana-native memecoins alone already adds up to around $6 billion in market value.
In this setting, BONK sits at the top of the heap. It trades on the largest CEXs, moves serious size on the order books, and usually appears near the top of Solana volume screens. At around $0.000010 per token and with more than 82 trillion BONK already in circulation, it carries a market value that is hard for traders to ignore.
That level gives the asset real weight, but it also makes explosive moves harder and harder. At the other end of the curve, a newcomer has started to take over timelines: FROGE, described by its own creators as Web3’s unhinged anti-hero, the glitch inside the Web3 Matrix.
The token launched on Solana in November 2025 and did roughly 100x on its first day and, in less than 24 hours, had already accumulated more than $1.6 million in volume, with a market cap and fully diluted valuation near $4.5 million and liquidity around $225,000 in the FROGE/SOL pair.
While many traders are still chasing every new crypto presale launched on Solana-focused launchpads, part of the flow is starting to migrate to tokens that have already moved past the promise phase and into real pricing, on-chain data, and live narrative stress tests. That is exactly where FROGE is trying to position itself, not as just another generic mascot but as an entertainment platform that uses memes, AI, AR, and anonymity to turn speculation itself into a show.
FROGE: Web3’s Unhinged Anti-Hero After A 100x Launch
FROGE starts from a direct critique of what the team calls the Web3 Matrix, an environment where the promise of freedom ended up buried under manufactured volume, storylines built on top of screenshots, and hype cycles that treat users as pure exit liquidity.
Within that read of the market, $FROGE plays the role of anti-hero. It is a self-aware meme that knows the game is rigged but chooses to turn that manipulation into spectacle. The character is a mirror, a clown, and a commentator with a god complex that does not show up to save anyone, but to expose what happens backstage, using humor, irony, and games to show how the industry really works.
Instead of trying to sell a clean or inspirational image, the project embraces the absurd. FROGE is the orange glitch that cuts into a feed full of green and red candles and offers an alternate path, where traders take part in storylines, puzzles, and live broadcasts at the same time they speculate on the token.
Entertainment Infrastructure
Behind the narrative, there is an infrastructure proposal that combines AI, AR identities, and a dedicated app, FROGE 69mg, described as a hub for anonymous streaming and mission-based game shows.
Some core elements:
- AR identities – 3D digital collectibles that work as masks, allowing users to go live, join challenges, and appear in segments without showing their face.
- AI tools – tools for creating memes, scripts, short videos, and voice puzzles, used to build reality-show and game-show-style segments inside the ecosystem itself.
FROINTS – internal points earned by joining live streams, completing missions, solving puzzles, or bringing in an audience. These points are used to climb leaderboards, unlock events, access secret drops, and, according to the team, eventually plug into benefits tied to the token.
The technical development is anchored in FLTR Studio, the team behind APEFLTR, an AR filter collection that has delivered more than 10,000 augmented-reality experiences to BAYC holders.
The idea is to use that track record to build a native visual identity and anonymity layer inside FROGE 69mg, turning the community into the cast of a continuous show, complete with rankings, missions, and rewards.
Bonk And Its Status As Solana’s Blue-Chip Memecoin
If FROGE is the irreverent newcomer, BONK has already crossed into the established camp of Solana memes. Today, data from platforms such as CoinGecko shows the token trading about 84% lower than it was a year ago. In the 2024 rally, the asset reached the $0.000058 region.
Since then, Bonk has spent the year retracing and then settling into a broad consolidation zone, the kind of pattern you see after a blow-off top. Even so, daily volume still sits in the hundreds of millions of dollars, supported by listings on major exchanges and by a broad base of traders who use BONK as a proxy for the Solana meme sector.
Why The Long Term Looks Heavier For BONK
From the standpoint of future upside potential, BONK’s own success creates a different kind of barrier. In absolute terms, an asset with nearly $1 billion in market value needs to attract far more capital to keep exploding than a newly launched token with just a few million in capitalization.
On top of that, as the project matures, a layer of users appears that has been holding large positions since the early phases. These profiles tend to trim exposure when the price starts moving back toward former top regions, which naturally caps some of the parabolic spikes.
In other words, the Bonk price is still relevant as a sentiment gauge and liquidity reference, but the asset increasingly behaves like a blue-chip meme. It remains important for the ecosystem, yet its long-term path is more moderate than that of a fresh arrival.
Conclusion
The contrast between the two projects makes it easier to see two different stages of the memecoin market. BONK plays the role of veteran: broad, liquid, listed on major CEXs, and with enough weight to move the mood of the entire Solana meme segment.
FROGE, by contrast, emerges as the anti-hero that turns the game itself into entertainment, using AI, AR identities, FROINTS, and a dedicated app to turn speculation into a kind of ongoing show, with the community at center stage.
For traders who orbit this niche, the current moment for $FROGE is ideal for anyone willing to bet on new stories when those stories come paired with an actual product, a distinct aesthetic, and at least a minimum level of coherence between narrative and execution.
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Source: https://coinedition.com/bonk-looks-bearish-long-term-as-froge-captures-attention-of-meme-sector-with-100x-launch/
