🔥 $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 👇

What is $FOGO?

• SVM Layer 1 built for ultra-low latency DeFi

• Runs pure Firedancer client (Jump Crypto's 1M TPS validator)

• Multi-local consensus = minimal latency

• Target: on-chain orderbooks, real-time auctions, reduced MEV

Mainnet live since Jan 13 🚀

Team & Funding 💰

Founders:

• Robert Sagurton (ex-Jump Crypto, JPMorgan)

• Douglas Colkitt (ex-Citadel, Ambient Finance founder)

Dev: Douro Labs (Pyth Oracle creators)

Raised $20.5M:

• Distributed Global (Lead)

• CMS Holdings

• Binance Prime Sale: $7M (40x oversubscribed!)

Team & Funding 💰

Founders:

• Robert Sagurton (ex-Jump Crypto, JPMorgan)

• Douglas Colkitt (ex-Citadel, Ambient Finance founder)

Dev: Douro Labs (Pyth Oracle creators)

Raised $20.5M:

• Distributed Global (Lead)

• CMS Holdings

• Binance Prime Sale: $7M (40x oversubscribed!)

Tokenomics 📊

• Total: 10B FOGO

• Circulating at TGE: 200M (2%)

• FDV: $350M

• Unlocked: 36.26%

• Locked: 63.74% (4yr vesting)

Key allocations:

• Team: 34% (12-mo cliff)

• Foundation: 21.76%

• Airdrop: 6%

• Binance Sale: 2%

On-chain signals 📡

✅ Exchange outflow: $7.5M (neutral)

⚠️ No smart money accumulation yet

⚠️ Extreme volatility: $0.001 → $0.16 in hours

⚠️ Many fake FOGO tokens on Solana

Current price: ~$0.048

Prime Sale: $0.035 (+37% gain)

Verdict: 7.3/10 🎯

✅ Strong team (Jump + Citadel DNA)

✅ Solid tech (Firedancer)

✅ Major exchange listings

✅ 40x oversubscribed sale

⚠️ High FDV/MC ratio

⚠️ Extreme volatility

⚠️ No smart money yet

Strategy: DCA, don't ape. Watch for dips.

NFA DYOR 🔍

#FogoChain #BinanceAlpha #SVM