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.
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OldLeekConfession
· 2025-12-18 04:26
Haha, a typical opening high and closing low... Even the project team probably can't stand it anymore.
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DeFiChef
· 2025-12-15 11:57
Ha, I knew it, this move really cost a lot
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MevHunter
· 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.
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MoonBoi42
· 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.
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.