$FOGO GO Breaks Issue Price in Just 3 Days – Overpriced Public Sales Are Hurting the Market

Sure enough, $FOGO has already broken its issue price, and it happened within just three days of market opening. This is becoming a familiar pattern—overpriced public offerings are slowly ruining market confidence.

Let’s be clear:

This wasn’t caused by heavy dumping or excessive unlocks. The selling pressure is actually low.

What Really Happened?

No airdrops for holders

No alpha airdrops

Only a public sale

Around 7 million tokens sold directly via wallet token sale

Valuation pushed to $350 million

That valuation alone raises red flags.

If this public sale had been conducted on other platforms, it likely wouldn’t even touch a $100 million valuation. We’ve already seen similar cases—Infinex struggled to fill even below $100M, showing real demand was much weaker than advertised.

Token Allocation Raises Concerns

Fogo allocated only 50 million tokens for ecosystem activities, while claiming there were no listing fees. Yet somehow, these projects:

Get access to wallet token sales

Secure spot listings

Still avoid transparent allocation incentives for real users

This contradiction is exactly why listing groups need to be examined more closely. Retail traders are absorbing valuation risk while insiders stay protected.

What This Means for Upcoming Wallet Sales

On the 19th, another wallet token sale is coming — $SENT T.

Its valuation is still unknown, but if the valuation is pushed too high, expect the same result:

Immediate pressure

Fast break below issue price

Retail confidence damaged again

The message is simple:

These projects do not treat us like family.

Final Thoughts

Wallet token sales were supposed to:

Reward early users

Create fair discovery

Reduce VC dominance

Instead, they’re increasingly being used to justify inflated valuations without real demand backing them.

As traders and investors, valuation discipline matters more than narratives.

If the price is wrong, the market will correct it—quickly.

Trade smart.

Protect capital.

Don’t chase hype.

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