First Convicted RACCON (FRED): Token, Supply and Risks

First Convicted RACCON, usually identified by the ticker FRED, is a meme coin issued on Solana. Its name refers to a raccoon called Fred, and public descriptions present the token as a meme rather than as a tool for a specific service. Public sources do not establish a formal project purpose, product, governance system or other practical use. Treat the animal-related theme as the token’s public-facing identity, not proof of a separate charity or animal-welfare program.

FRED is not described as Solana’s native currency. It is a token issued on the Solana network, where tokens can be transferred and traded using compatible applications. As with other meme coins, attention and market demand may be driven largely by online discussion and trading activity. That can change quickly, and a recognizable name or story does not ensure continuing interest or value.

FRED’s stated role is limited: it is a Solana meme coin, and no confirmed in-project utility is established. That means readers should not assume it provides access to an app, grants voting rights, pays staking rewards or represents a claim on a company or asset. Those features would need to be confirmed by reliable project documentation before being treated as part of the token’s function.

Because FRED is issued on Solana, transfers and token interactions take place on that network and generally require SOL to pay transaction fees. A token’s presence on a blockchain does not by itself mean that it is accepted by merchants, usable in a particular dApp or supported by every exchange or wallet. Before interacting with FRED, check that the token mint address matches a trustworthy project source; similarly named tokens and copycat assets can exist. If no reliable source confirms a feature or address, do not assume it is genuine.

The reported supply figures show about 999.84 million FRED circulating and the same amount as total supply, against a stated maximum of 1 billion. These figures indicate that nearly all of the stated maximum is already counted as circulating, but supply data can differ across trackers or change if reporting methods are updated. Check current token information before relying on a specific figure.

As of 2026-11-05, FRED’s price was about $0.000326, with a market capitalization of about $326,185 and 24-hour trading volume of about $5,689. These are time-sensitive snapshots, not stable properties of the token. Its reported all-time high was about $0.303 on 2024-11-13, and its all-time low was about $0.000208 on 2026-07-30. Historical extremes do not indicate what the price will do next. Low-priced tokens can still involve substantial losses, and a small market or limited trading activity may make it harder to trade at a displayed price.

FRED carries the risks common to speculative meme coins, including sharp price swings, changes in online attention, limited liquidity and the possibility that buyers lose most or all of what they spend. Its reported 24-hour volume was modest as of 2026-11-05, which may make larger trades difficult to complete without affecting the price. Market-cap and price figures can also be uncertain when trading is thin or data sources disagree.

There is no confirmed utility described here that would create demand independently of trading interest. A token’s theme, past price movement or appearance on a trading venue should not be read as evidence of future value, legitimacy or safety. Solana tokens can also be affected by counterfeit assets, compromised accounts, malicious transaction approvals and errors when sending funds. Do your own checks, use only money you can afford to lose, and never rely on price forecasts or promotional claims as guarantees.

FRED can be held in a wallet that supports Solana tokens, or through a custodial service that explicitly supports the asset. Wallet support can vary, so confirm that the service supports this specific token before transferring funds. For self-custody, protect the recovery phrase offline and never share it with anyone. A person or website asking for the phrase to help with a token transfer is not a safe way to manage a wallet.

Confirm the FRED mint address using a reliable project source before receiving or sending tokens, since a matching name or ticker alone does not prove that an asset is genuine. Review transaction details and permissions before signing, and be cautious about unsolicited links, airdrops or messages claiming to offer FRED-related rewards. Losing a recovery phrase or sending tokens to an incompatible address can make funds unrecoverable. Custodial storage has different risks, including account access and service-provider risk, so understand the provider’s terms before depositing tokens.