$FOGO went live with spot trading and experienced a short-term surge, but the $200 million valuation seems indeed inflated. Subsequently, the price turned downward, and the situation at this point is quite interesting——shorts continued to pour in, making the logic of shorting even clearer.

Encountering this kind of situation is actually quite common. One approach is to directly short overvalued coins to pick up profits, since if the price can't hold, let it continue to fall. From another perspective, many exchanges offer incentives and rewards for trading pairs involving these types of coins, allowing traders to earn rewards while trading, which is a win-win situation.

The key is to have patience, carefully observe market trends, and remember that opportunities always favor those willing to spend time studying.