#fogo $FOGO Airdrop unlocks aren’t just token events they’re psychological events. With Fogo, the key question isn’t how many tokens unlock but how holders react. Early contributors weigh profits against long term conviction, while traders position for volatility ahead of the date.
Markets don’t just price supply they price belief. If confidence in Fogo’s performance first design and execution quality is strong unlocks become liquidity expansions. If uncertainty dominates short term pressure follows.
Governance clarity and validator alignment matter here. Unlocks act as stress tests, revealing whether Fogo is driven by short term speculation or long term conviction in its on chain trading future.