$FOGO Good庄 pulling the pin! Opening up 40% to let pre-sale and airdrop users exit at high prices, providing a chance for contract short positions to profit. Congratulations to the bears!

TGE Must-See Series: $FOGO TGE Sell-Off Warning! 38.98% of Tokens Released, High Open, Low Close?

Brothers, first congratulations to those who participated in the Prime Sale—currently still up 40% profit.

Tonight at 10 PM #FOGOUSDT, TGE listing officially begins. Here’s a research report to help with trading decisions.

Although it's a SVM L1 chain with Citadel HFT experts and Jump Crypto senior management, specializing in DeFi low-latency (40ms block time, 54k TPS), and SVM ecosystem is rare, the circulating supply is problematic with massive short-term sell pressure—unfavorable outlook. Data from public and on-chain sources, purely for sharing, not investment advice, DYOR!

1. High Initial Circulating Supply, Heavy Sell Pressure: Total supply 10B, TGE unlocks 38.98% (3.898B tokens), far exceeding the industry average of 10-20%, creating significant short-term supply pressure. Among them, 30.38% from the foundation, 2% from Binance pre-sale, and 6.6% from airdrop—all unlocked. Foundation token transparency and governance remain undisclosed, increasing the risk of dumping.

2. Valuation Already Overpriced: Early Seed and ICO rounds priced at 0.01, now near 5x unrealized profit; Binance Prime Sale also offers 1.4x floating profit. Pre-market FDV at 500M shows high premium.

3. Mainnet Not Yet Verified: Performance only demonstrated on testnet; mainnet performance remains unproven—high risk.

4. Low Retail Participation: High valuation with low transparency; previous 1B FDV pre-sale was canceled due to community opposition, leading to strong skepticism and weak enthusiasm.

Summary: FOGO team has solid tech, but flawed token distribution, overvalued pricing, and unverified mainnet—short-term bearish! I’ve already opened a short grid at 0.06. What’s your take? Bullish or bearish? Let’s discuss in the comments!

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