The recent FOGO token on the SOL chain has indeed stirred up quite a bit of nerves. It launched yesterday with full hype, attracting many followers, but this morning, reality hit—dropping from the high of $0.05955 to $0.04679 now, a 24-hour decline of over 12%, nearly 13 percentage points, enough to suffocate those who chased the high.

The market is divided into two camps. One side says this is normal shakeout and insists on waiting for a rebound; the other warns of the risk of the new token breaking below its launch price and is bearish on the future prospects. But upon closer inspection, this volatility is actually the "standard script" for new tokens—direct confrontation between liquidity expansion and short-term selling pressure, nothing special.

Why are we still optimistic about FOGO? Two key points. First, the on-exchange lineup is impressive. Not only have multiple trading platforms been onboarded, but it also secured a spot on top-tier exchanges. This is not as simple as it sounds—top platforms have very strict review standards, and passing indicates the project’s fundamentals are solid, plus the increased liquidity brought in is very helpful for future performance. Second, the exchange support is also in place. Major platforms have launched substantial promotional activities, and such backing is no small matter.

The volatility of the new token is normal in itself; the key is the underlying logic. The more abundant the liquidity, the greater the potential for long-term performance. This rise and fall are less about risk and more about market price discovery. Keep observing and don’t be scared off by short-term fluctuations.