FOGO looks way more serious than most “new L1” launches we’ve seen lately. Team isn’t anon, backgrounds are legit (Citadel, Jump, JPM, MS), and the cap table isn’t some random VC soup either — Distributed Global, CMS, Cobie, etc. is a solid lineup.
That said, 36% circulating at TGE is not light, so this isn’t something I’d blindly market buy at open. Alpha price at 0.035 is clearly the sweet spot, anything much higher than that and you’re basically paying for hype.
My plan would be simple: participate in Alpha if you can, then watch how it opens. If it holds well above Alpha cost with volume, cool.
And then as always, we gotta look for Dip or reversal entries.