The main source of initial selling pressure for the FOGO project actually comes from that 2%, which is the 200 million tokens from a certain leading exchange's TGE. Interestingly, the current market price is 0.052, while the TGE cost was only 0.035. The book profit looks good, but the actual profit margin is quite tight.

There have also been policy changes. Previously, before the exchange launched, airdrops were directly given to platform token holders. Now, the stance has changed — no more airdrops at launch, but instead, subsequent distributions are randomized. This adjustment has somewhat affected market expectations.

Looking more closely at the initial distribution of selling pressure, there's actually another 4% that is also on the liquidity release list. Overall, the release pace of token supply and the shift in exchange policies are both shaping the current price trend.