GROGGO (Groggo by Matt Furie) Crypto Coin Explained - Price, Supply, Risks

Ever stumbled on a meme token that touts a blue frog from an artist’s book and wondered if it’s worth a look? GROGGO is that token - a tiny meme‑coin that tries to ride the fame of Matt Furie’s artwork while offering a classic crypto speculation play. Below we break down what GROGGO actually is, where it lives on the blockchain, how its market looks, and what red flags you should watch before you consider buying.

What is GROGGO (Groggo By Matt Furie)?

GROGGO is a meme cryptocurrency that was launched to raise awareness of American artist Matt Furie, the creator of the iconic Pepe the Frog character and the blue‑frog "Groggo" from his final book. The token’s official description on Uniswap and Coinbase reads: “a meme token on the Ethereum blockchain that aims to bring awareness to highlight Matt Furie's art.” In essence, the coin is a marketing stunt that ties the internet‑culture appeal of meme coins with an art‑centric narrative.

Technical Basics - Which Blockchain?

The token’s anatomy is a bit muddled. Most tracking sites list an Ethereum contract address (0x4201…32f54c) and point to Uniswap as the primary decentralized exchange. At the same time, a Solana version appears on the Phantom wallet explorer with a completely different supply figure. This dual‑chain confusion is common for low‑cap tokens that try to capture both Ethereum’s DeFi ecosystem and Solana’s fast‑tx environment. For most traders, the Ethereum version is the one you’ll encounter on DEX aggregators, while the Solana version remains a niche curiosity with virtually no liquidity.

Market Snapshot - Price, Supply, and Volume

Because GROGGO trades on a handful of thin markets, price data swings wildly depending on the source:

• CoinStats: $0.0006959, market cap $258,801.
• CoinMarketCap: $0.0002656, market cap $98,790.
• CoinGecko: $0.0002688, 24‑hour volume $86.31.
• Brave New Coin: $0.0004150, market cap $154,245.

All figures point to a token with a market cap well under $300k and a price that is less than 1% of its all‑time high of roughly $0.04 reached in November 2024. Trading volume is minuscule - a few hundred dollars at best - which translates to extreme illiquidity and price manipulation risk.

Supply Metrics - How Many GROGGO Tokens Exist?

Supply numbers are inconsistent across platforms:

• CoinMarketCap: 371.84 million circulating out of a 420.69 million max supply.
• Coinranking: 420.69 million circulating, matching the max supply.
• Phantom (Solana version): 924.87 million circulating.

Regardless of the exact figure, the token’s design caps the total supply somewhere around half a billion tokens, keeping each unit extremely cheap. The disparity makes it hard to trust any single data point, another warning sign for potential investors.

Where Can You Trade GROGGO?

GROGGO is not listed on major centralized exchanges like Coinbase or Binance. The only realistic avenues are:

1. Uniswap (Ethereum version) - you’ll need an Ethereum‑compatible wallet (MetaMask, Trust Wallet, etc.) and be prepared to pay high gas fees for a token that moves a few dollars a day.
2. Phantom or other Solana wallets - if you locate the Solana contract, but expect almost zero depth on the order book.

Because liquidity pools are shallow, even a small trade can shift the price dramatically. Slippage settings above 5-10% are common when trying to swap GROGGO.

Risks and Red Flags

Before you click ‘buy’, weigh these factors:

• Liquidity crunch: With daily volumes in the low hundreds, you may never be able to exit your position without taking a large loss.
• Supply confusion: Conflicting supply numbers mean the token’s tokenomics are not transparent.
• Utility vacuum: Apart from the meme narrative, there is no roadmap, development team, or product tied to the token.
• Regulatory scrutiny: Meme coins are increasingly under the microscope for potential securities violations, especially when they reference copyrighted art.
• Community size: Only ~2,700 holders are reported, far less than successful meme coins that boast millions of supporters.

Comparison with Other Meme Coins

Compared to the two heavyweight meme coins, GROGGO’s market cap is a fraction of a percent, its community tinsel‑thin, and its price volatility far more erratic because of low volume. The comparison underscores that while meme coins can surprise with massive rallies, the odds are heavily weighted toward the established names.

How to Acquire GROGGO Safely (If You Really Want To)

1. Set up a non‑custodial wallet that supports Ethereum (MetaMask is the easiest).
2. Buy a small amount of ETH to cover gas fees - expect $5‑$15 per transaction on Ethereum.
3. Visit the Uniswap interface, paste the verified GROGGO contract address (0x4201…32f54c), and swap your ETH for GROGGO. Double‑check the address on multiple sources to avoid scams.
4. Adjust slippage tolerance to 10‑15% to increase the chance of order execution, then confirm.
5. After the swap, add the token to your wallet manually by entering the contract address.

Remember, the moment you add GROGGO to a centralized exchange it disappears - the token lives only on DEXs. Keep the private key safe; losing it means losing any remaining tokens.

Future Outlook - Is There a Reason to Hope?

At present, the token shows no development roadmap, no partnerships, and a dwindling community. The only possible upside is a sudden meme‑driven pump if the artist or a popular influencer suddenly promotes it, but that scenario is speculative at best. With the crypto market emphasizing utility‑driven projects and regulators tightening scrutiny on meme‑type assets, GROGGO is likely to stay a niche curiosity rather than a serious investment.

Bottom Line

If you enjoy hunting obscure tokens for fun and understand the high risk of losing your entire stake, GROGGO can be a quirky addition to a tiny experimental portfolio. For anyone looking for stable returns, community support, or real use‑case, the token falls short on every metric.