🔥
$FOGO just hit Binance & OKX
Ex-Jump Crypto + Ex-Citadel founders built a Firedancer-powered L1 that's 40x oversubscribed
Here's everything you need to know about the hottest SVM chain launch of 2026 👇
What is
$FOGO ?
• SVM Layer 1 built for ultra-low latency DeFi
• Runs pure Firedancer client (Jump Crypto's 1M TPS validator)
• Multi-local consensus = minimal latency
• Target: on-chain orderbooks, real-time auctions, reduced MEV
Mainnet live since Jan 13 🚀
Team & Funding 💰
Founders:
• Robert Sagurton (ex-Jump Crypto, JPMorgan)
• Douglas Colkitt (ex-Citadel, Ambient Finance founder)
Dev: Douro Labs (Pyth Oracle creators)
Raised $20.5M:
• Distributed Global (Lead)
• CMS Holdings
• Binance Prime Sale: $7M (40x oversubscribed!)
Team & Funding 💰
Founders:
• Robert Sagurton (ex-Jump Crypto, JPMorgan)
• Douglas Colkitt (ex-Citadel, Ambient Finance founder)
Dev: Douro Labs (Pyth Oracle creators)
Raised $20.5M:
• Distributed Global (Lead)
• CMS Holdings
• Binance Prime Sale: $7M (40x oversubscribed!)
Tokenomics 📊
• Total: 10B FOGO
• Circulating at TGE: 200M (2%)
• FDV: $350M
• Unlocked: 36.26%
• Locked: 63.74% (4yr vesting)
Key allocations:
• Team: 34% (12-mo cliff)
• Foundation: 21.76%
• Airdrop: 6%
• Binance Sale: 2%
On-chain signals 📡
✅ Exchange outflow: $7.5M (neutral)
⚠️ No smart money accumulation yet
⚠️ Extreme volatility: $0.001 → $0.16 in hours
⚠️ Many fake FOGO tokens on Solana
Current price: ~$0.048
Prime Sale: $0.035 (+37% gain)
Verdict: 7.3/10 🎯
✅ Strong team (Jump + Citadel DNA)
✅ Solid tech (Firedancer)
✅ Major exchange listings
✅ 40x oversubscribed sale
⚠️ High FDV/MC ratio
⚠️ Extreme volatility
⚠️ No smart money yet
Strategy: DCA, don't ape. Watch for dips.
NFA DYOR 🔍
#FogoChain #BinanceAlpha #SVM