Observation and Risk Warning of FOGO's ALP Normal Operation Status under the Background of Missing Spring Festival Airdrop

Since the second day of the Lunar New Year, airdrop news has been absent, and the market continues to await new project launches. This phenomenon may reflect the normal operational rhythm of the alp normal value system during the Spring Festival. Based on the latest developments of projects like FOGO, the pause during the holiday season is not a sign of project failure but a common industry dormancy period.

FOGO Latest Market Data and Performance

According to the latest data from Gate.io (2026-02-28), FOGO is currently priced at $0.03, with a circulating market cap of $98.35 million and a 24-hour trading volume of $1.20 million. Compared to data during the Spring Festival, FOGO’s price has risen from $0.02473 to $0.03, and its market cap has increased from $92.75 million to $98.35 million, showing a generally upward trend with some volatility.

Although trading volume has decreased compared to the holiday period, the rising price may reflect holders’ reluctance to sell and a rational market strategy within the alp normal value system. Technically, FOGO is a high-performance public chain utilizing Solana Virtual Machine (SVM) technology and optimized with the Firedancer client. Its 40-millisecond testnet block time demonstrates its technical advantages in DeFi and high-speed trading.

Lunar New Year Airdrop Delay and the Rational Operation of the alp Normal Value System

The absence of airdrops during the Spring Festival is not a project abandonment but a reasonable arrangement within the alp normal value framework. The market indeed faces a scarcity of projects, but this provides users with a psychological adjustment period. Additionally, multiple sources suggest that the listing team has entered holiday mode, and project partners have been notified to delay launch schedules, allowing everyone to enjoy the holiday.

From the perspective of the alp normal value system, this approach maintains users’ expectations for future airdrops (preserving their optimism about the project) and avoids negative market impact from “cooling off” announcements. Multiple airdrops are expected to land consecutively after the New Year, which will help ease the pressure of token unlocks, alleviating concerns about excessive token release.

Token Unlock Risks and Investment Advice

It is crucial to pay attention to the potential risks associated with FOGO’s token economics. Currently, nearly 60% of tokens are locked, with the team holding 3.4 billion FOGO fully locked, and institutional holdings amounting to 877 million tokens also locked. Starting from September 2025, these tokens will be gradually unlocked over four years, posing ongoing selling pressure risks.

Participants in the alp normal value system should be cautious of price volatility. Although FOGO has recently shown an upward trend, the shrinking trading volume warrants attention, as it may indicate market hesitation. When participating in such projects’ airdrops, it is important to understand the normal operation rhythm of the alp normal value system and conduct thorough risk assessments.