FOGO is currently trading around $0.025, showing a 12–15% recovery over the last week after hitting a post-launch floor of $0.019. It remains significantly below its mid-January all-time high of ~$0.06.
Current Market Stats
Market Cap: ~$95M (Ranked #281)
Circulating Supply: 3.78B (38% of 9.95B Total)
24h Volume: ~$25M–$35M (High liquidity on Binance, OKX, Bybit)
Key Takeaways
Tech Edge: As a pure SVM (Solana Virtual Machine) Layer 1 using the Firedancer client, it delivers 40ms block times. This is attracting high-frequency DeFi dApps like Valiant DEX.
Bullish Signals: Recent RSI levels show a bullish divergence on 4-hour charts, suggesting a reversal from oversold conditions. The "Fogo Sessions" SDK update (Feb 13) improved UX by enabling gasless transactions.
Risk Factors: The market faces a supply overhang with 12.06% of supply unlocking in Sept 2026 and large team vestings starting in 2027. Near-term price action is highly volatile due to active futures trading.