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