Perpetual Cow ($COW) is a Solana-based token associated with the X account @PerpetualCow

. It applies a high transaction tax on buys and sells, with approximately 40% of fees automatically used to buy back tokens from the market and lock or burn them into a reserve. This reduces circulating supply through ongoing buybacks. The project focuses on long-term holding, with updates noting "Holders > Traders" and math-driven accumulation (PVE-style over PVP trading). The contract address is FWoGYRhR6YagBSqncPSdn43GHNikSPw1ggrGzyM3H5rE, migrated in early February 2026 from earlier versions to unify the token. Total supply is 1 billion tokens. Trading occurs on DEX platforms like Meteora. No whitepaper or utilities beyond buyback and community engagement.