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Sure enough, $FOGO has broken the issue price, and it broke the issue price within 3 days of the market opening. It's these overpriced public offerings that are ruining the market.
The key point is that they haven't given any airdrops to hodlers, nor have they provided alpha airdrops. The selling pressure is low; they only did a public sale, and just from the wallet new token sale, they sold 7 million, with a valuation of 350 million. If they had done the public sale elsewhere, they might not even reach a valuation of 100 million; referencing infinex, it was nearly impossible to fill even with a valuation of less than 100 million.
Fogo only allocated 50 million coins for activities, claiming there are no listing fees. If such projects can also participate in wallet token sales and have spot listings, it is advisable to check the listing group!!
On the 19th, there is another wallet token sale, and $SENT 's valuation is unknown. If the valuation is high, it will be hit; they do not consider us family.