What is FRED: The Federal Reserve's Essential Economic Database

First Convicted Raccon's Positioning and Significance

In 2024, First Convicted Raccon (FRED) was launched with the aim of "Justice for Fred". As a token on the Solana blockchain, FRED plays a unique role in the crypto space, focusing on a specific cause or narrative.

As of 2025, FRED has become a notable token within the Solana ecosystem, with a market cap of $906,857.87 and an active holder base of 31,862. This report will analyze its technical structure, market performance, and future potential.

Origin and Development History

Birth Background

First Convicted Raccon (FRED) was created in 2024, with the stated purpose of "Justice for Fred". It emerged during a period of increasing interest in meme coins and cause-related tokens in the cryptocurrency space. FRED's launch aimed to bring attention to a specific narrative or cause, potentially related to animal rights or a particular event involving a raccoon named Fred.

Important Milestones

• 2024: Token launch on the Solana blockchain.
• 2024 (November 15): Reached its all-time high price of $0.2388.
• 2025 (November 21): Experienced its all-time low price of $0.0006767.

FRED has continued to maintain a presence in the cryptocurrency market, supported by its community of holders and traders.

How Does First Convicted Raccon Work?

Decentralized Control

FRED operates on the Solana blockchain, a decentralized network of computers (nodes) spread across the globe. This structure eliminates control by any single entity like a bank or government. The nodes collaborate to validate transactions, ensuring system transparency and resistance to attacks, thus providing users with greater autonomy and enhancing network resilience.

Blockchain Core

As a token on the Solana blockchain, FRED benefits from Solana's public, immutable digital ledger that records every transaction. Transactions are grouped into blocks and linked through cryptographic hashes, forming a secure chain. Anyone can view the records, establishing trust without intermediaries. Solana's high-performance architecture further enhances transaction speed and efficiency.

Ensuring Fairness

FRED utilizes Solana's Proof-of-Stake (PoS) consensus mechanism to validate transactions and prevent fraudulent activities like double-spending. Validators maintain network security by staking SOL tokens and running nodes, receiving rewards for their participation. Solana's innovation includes high transaction throughput and energy efficiency.

Secure Transactions

FRED transactions are protected using public-private key cryptography:

• Private keys (like secret passwords) are used to sign transactions
• Public keys (like account numbers) are used to verify ownership

This mechanism ensures fund security, with transactions remaining pseudonymous. Additional security features inherent to the Solana blockchain also benefit FRED token holders.

FRED's Market Performance

Circulation Overview

As of November 26, 2025, FRED's circulating supply is 999,843,302 tokens, which is equal to its total supply of 999,843,302.

Price Fluctuations

FRED reached its all-time high of $0.2388 on November 15, 2024. Its lowest price was $0.0006767, recorded on November 21, 2025. These fluctuations reflect market sentiment, adoption trends, and external factors.

Click to view the current market price of FRED

On-chain Metrics

• Number of Holders: 31,862 (indicating user participation)

FRED Ecosystem Applications and Partnerships

Core Use Cases

FRED's ecosystem supports various applications:

• Meme Coin: FRED serves as a meme coin, aiming to raise awareness and support for a specific cause.
• Community Engagement: The project encourages community participation and discussion around its central theme.

Strategic Partnerships

Information about FRED's strategic partnerships is not available in the provided context.

Controversies and Challenges

FRED faces the following challenges:

• Market Volatility: As a meme coin, FRED may experience significant price fluctuations.
• Regulatory Scrutiny: Increased regulatory attention on cryptocurrencies could impact FRED's operations.
• Competitive Pressure: The presence of numerous meme coins in the market creates a competitive environment.

These issues have sparked discussions within the community and market, driving FRED to continue evolving.

FRED Community and Social Media Atmosphere

Fan Enthusiasm

FRED's community shows activity, with 31,862 holders as of the current date. On X platform, posts and hashtags related to FRED may gain traction, especially during price movements or project updates.

Social Media Sentiment

Sentiment on X may be mixed:

• Supporters might praise FRED's community-driven nature and its mission of "Justice for Fred."
• Critics might focus on the volatile nature of meme coins and potential risks associated with such investments.

Recent trends show a slight positive momentum with a 4.34% price increase in the last 24 hours.

Hot Topics

X users may be discussing FRED's price movements, project mission, and community initiatives.

More Information Sources for FRED

• Official Website: Visit FRED's official website for features, use cases, and latest updates.
• X Updates: On X platform, FRED uses @fred_cto_sol handle.

FRED Future Roadmap

Specific roadmap information is not provided in the given context.

How to Participate in FRED?

1. Purchase Channels: Buy FRED on Gate.com
2. Storage Solutions: Use Solana-compatible wallets for secure storage
3. Community Engagement: Follow FRED's official X account for updates and community discussions

Summary

FRED, or First Convicted Raccon, is a meme coin on the Solana blockchain that aims to "Justice for Fred." It offers a unique entry point into the world of cryptocurrency through its community-driven approach and specific theme. While facing challenges such as market volatility and regulatory uncertainties, FRED's active holder base of over 31,000 demonstrates community interest. Despite its current low price of $0.000907, FRED has shown recent positive momentum with a 4.34% increase in the last 24 hours. As with all cryptocurrencies, potential participants should conduct thorough research and consider the risks associated with volatile assets like meme coins.

FAQ

What is FRED slang for?

FRED is slang for a socially unacceptable person, freeloader, or idiot on US campuses.

Is FRED a reliable source?

Yes, FRED is highly reliable. Maintained by the Federal Reserve, it provides accurate economic data trusted by researchers and institutions worldwide.

What does the FRED stand for?

FRED stands for Federal Reserve Economic Data. It's a database created by the Federal Reserve Bank of St. Louis, providing economic data and analysis tools.

What is a FRED?

FRED is a term in cycling for casual riders who don't follow serious cyclists' norms in dress and behavior. It's often used to describe less committed or formal cyclists.