I am once again going to stir the pot on valuations This is nothing against Fogo, it’s just these valuations… are too high I’ve written on this recently and linked to it in the comments For these tokens to do well post-TGE, there needs to be liquid demand, and when starting vals are this high, much of the demand goes away because the upside on a risk-adjusted basis has already been removed One only needs to look at TGE performance of coins this year to see this relationship Imo, everyone would be better off if these starting vals took a big haircut