๐ฅ
$FOGO just hit Binance & OKX
Ex-Jump Crypto + Ex-Citadel founders built a Firedancer-powered L1 that's 40x oversubscribed
Here's everything you need to know about the hottest SVM chain launch of 2026 ๐
What is
$FOGO ?
โข SVM Layer 1 built for ultra-low latency DeFi
โข Runs pure Firedancer client (Jump Crypto's 1M TPS validator)
โข Multi-local consensus = minimal latency
โข Target: on-chain orderbooks, real-time auctions, reduced MEV
Mainnet live since Jan 13 ๐
Team & Funding ๐ฐ
Founders:
โข Robert Sagurton (ex-Jump Crypto, JPMorgan)
โข Douglas Colkitt (ex-Citadel, Ambient Finance founder)
Dev: Douro Labs (Pyth Oracle creators)
Raised $20.5M:
โข Distributed Global (Lead)
โข CMS Holdings
โข Binance Prime Sale: $7M (40x oversubscribed!)
Team & Funding ๐ฐ
Founders:
โข Robert Sagurton (ex-Jump Crypto, JPMorgan)
โข Douglas Colkitt (ex-Citadel, Ambient Finance founder)
Dev: Douro Labs (Pyth Oracle creators)
Raised $20.5M:
โข Distributed Global (Lead)
โข CMS Holdings
โข Binance Prime Sale: $7M (40x oversubscribed!)
Tokenomics ๐
โข Total: 10B FOGO
โข Circulating at TGE: 200M (2%)
โข FDV: $350M
โข Unlocked: 36.26%
โข Locked: 63.74% (4yr vesting)
Key allocations:
โข Team: 34% (12-mo cliff)
โข Foundation: 21.76%
โข Airdrop: 6%
โข Binance Sale: 2%
On-chain signals ๐ก
โ
Exchange outflow: $7.5M (neutral)
โ ๏ธ No smart money accumulation yet
โ ๏ธ Extreme volatility: $0.001 โ $0.16 in hours
โ ๏ธ Many fake FOGO tokens on Solana
Current price: ~$0.048
Prime Sale: $0.035 (+37% gain)
Verdict: 7.3/10 ๐ฏ
โ
Strong team (Jump + Citadel DNA)
โ
Solid tech (Firedancer)
โ
Major exchange listings
โ
40x oversubscribed sale
โ ๏ธ High FDV/MC ratio
โ ๏ธ Extreme volatility
โ ๏ธ No smart money yet
Strategy: DCA, don't ape. Watch for dips.
NFA DYOR ๐
#FogoChain #BinanceAlpha #SVM