what's Perpetual Cow?
Perpetual Cow is a Solana-based meme token launched as a community-driven project, embracing bovine-themed humor within the crypto meme ecosystem. It positions itself as the "workhorse token" tied to themes of perpetual trading and resilience, drawing inspiration from DeFi concepts like perpetual futures while leveraging Solana's high-speed blockchain for accessibility. Created by @PerpetualCow, a developer contributing to Hyperliquid perpetuals and XMR privacy features, the token features standard SPL mechanics with a focus on viral marketing and holder growth. It operates via decentralized exchanges, emphasizing meme culture over utility, with rapid adoption driven by X discussions and trading bots.
Perpetual Cow's $COW token crashed 90% after $FROG launch, facing pump-and-dump accusations.
Links
x.com/perpetualcow$COW token crashed 90% following the launch of $FROG, sparking widespread accusations of a pump-and-dump scheme and manipulation allegations against PerpetualCow.