FOGO has just experienced its initial decline. It only took a few days after opening for it to fail to hold up, and this market environment has been somewhat chaotic due to sky-high public offerings—admittedly, the behavior has been quite ugly.

The most disappointing part is that the project offers little to no benefits to token holders and early participants. Zero airdrops, zero selling pressure, yet it managed to raise 7 million in funding through a public sale, pushing the valuation to 350 million. In another place, a public sale with a 100 million valuation would be considered risky; comparing it to similar projects on certain platforms, even raising close to 100 million was nearly impossible.

FOGO, however, took 50 million tokens to support activities and even claimed no upper limit on token fees. With such conditions, can you really participate in new listings and spot trading? Honestly, I find it hard to understand. We need to seriously look into whether there’s an issue with the listing process.

By the way—on the 19th, SENT will also be listed for new trading. Everyone should pay close attention to the valuation then, and avoid being fooled. The project team doesn’t seem to take users seriously; it’s just a cash machine. Stay alert.