🚨
$FOGO Breaks Issue Price in Just 3 Days — A Warning Sign for the Market 🚨
As expected,
$FOGO has already broken its issue price — and it took less than 3 days after market opening to happen 📉. This is exactly what overpriced public offerings are doing to the crypto market: damaging trust and draining liquidity.
💥 The Core Problem
Fogo failed to reward its community:
❌ No airdrops for HODLers
❌ No alpha airdrops
❌ No long-term incentive alignment
Despite this, selling pressure appears artificially low — not because of strong demand, but because they only conducted a public sale.
📊 Questionable Valuation Metrics
💰 Tokens sold: 7 million
🏷️ Implied valuation: $350 million
🧠 Reality check: If Fogo had launched its public sale elsewhere, it likely wouldn’t even cross $100M valuation
For comparison 🔍:
📉 Infinex struggled heavily to fill its sale even at sub-$100M valuation
⚠️ Token Allocation Red Flags
🪙 Only 50 million tokens allocated for ecosystem activities
📢 Claiming “no listing fees” while still gaining:
Wallet token sale access
Spot exchange listings
If projects like this can participate in wallet token sales + instant spot listings, it’s a clear signal 🚨: 👉 Always verify the listing group before investing
⏰ What’s Next?
On the 19th, another wallet token sale is coming:
🔹 Token: $SENT
❓ Valuation: Unknown
If $SENT launches with an inflated valuation, expect the same outcome 📉.
These projects don’t treat retail as family — they treat us as exit liquidity.
#fogo #sent #trump #LiquidSwap #alert