First Convicted RACCON
FRED
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
FRED (First Convicted RACCON) is a Solana-based meme coin created as a memorial token using standard pump.fun template code. The evaluation suffers from a data gap in Active Development, where attributable development metrics could not be verified and the section was excluded from weighted calculations. The remaining evaluation reveals severe fundamental weaknesses: the token offers zero functional utility or roadmap, possesses an anonymous team without formal governance or documented multisig controls, and exhibits substantial supply tracking discrepancies across aggregators. In addition, FRED has suffered a catastrophic >95–99% drawdown from all-time highs, resulting in extremely thin liquidity, minimal ongoing trading volume, and a largely dormant community. While no protocol-level exploits, hostile delistings, or regulatory enforcement actions were identified, the project shows signs of late-stage attention cycle decay.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About First Convicted RACCON (FRED)
FRED (First Convicted RACCON) is a meme token deployed on the Solana blockchain. Launched in November 2024 using standard pump.fun template smart contract code, the token was created as an internet memorial following a widely publicized incident involving a pet raccoon named Fred in New York. The asset serves no functional utility, has no associated product or technical roadmap, and relies strictly on speculative market activity.
The project operates under an anonymous team with no publicly verifiable leadership or formal governance mechanisms. There are no decentralized autonomous organization (DAO) frameworks, on-chain voting contracts, or documented multi-signature treasury controls associated with the project. Additionally, FRED lacks active development data, and circulating supply figures vary across major market aggregators, reflecting inconsistent tokenomics tracking.
FRED has experienced a severe market decline, suffering an unrecovered price crash of more than 95% to 99% from its peak valuation. The token currently operates with low trading volume, fragmented decentralized and centralized exchange liquidity, and an inactive community base. While the project has no documented history of security exploits, smart contract hacks, hostile exchange delistings, or direct regulatory actions, it exhibits characteristics typical of late-stage meme coin decay.