The FEG token has risen by 26% in the past 24 hours.
Since hitting an all-time low four months ago, FEG has seen a dramatic rebound of 95,505%. The FEG token—short for “Feed Every Gorilla”—is designed to operate as a decentralized token on the Ethereum blockchain, facilitating peer-to-peer transactions within its community.
FEG is a deflationary token with a maximum circulating supply of 100 quadrillion tokens. Each transaction on the network carries a 1% fee that is redistributed to existing holders, while an additional 1% of the transaction amount is permanently burned.
This dual mechanism aims to reward long-term holders and reduce supply over time. However, it also makes the token less practical for frequent or large-value transfers between wallets, since each transfer will incur the built-in fee and burn.