Fogo's recent move raised some eyebrows in the community. They unveiled a presale targeting a $1B FDV—quite ambitious when you consider where Echo was trading at $100-200M valuations. Then they pulled the plug. Just like that. Gone.



Hard to ignore the signal here: a $1B entry point could easily turn into a recovery nightmare. The abrupt cancellation speaks volumes about market realities. Sometimes ambitious valuations collide head-on with actual demand, and projects have to recalibrate fast. Worth keeping tabs on how this unfolds.
ECHO-29,28%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
OldLeekConfessionvip
· 2025-12-18 04:26
Haha, a typical opening high and closing low... Even the project team probably can't stand it anymore.
View OriginalReply0
DeFiChefvip
· 2025-12-15 11:57
Ha, I knew it, this move really cost a lot
View OriginalReply0
MevHuntervip
· 2025-12-15 11:56
Haha... 1B valuation maxed out, and it was directly cut. This move is indeed outrageous. Looks like they were too greedy.
View OriginalReply0
MoonBoi42vip
· 2025-12-15 11:38
Really? 1B FDV directly fails? This is a bit funny. If you ask me, it's just overhyped valuation being slapped in the face by reality.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)