The first project to cancel a public ICO is here. Previously, Fogo announced a $10 billion valuation and planned to release 2% of its tokens to raise $20 million. Due to significant negative feedback from the community, they decided to return to the airdrop route. Earlier, the project's co-founder compared their new public fundraising plan to Monad, implying that Monad could raise funds with a $2.5 billion valuation, while they only had a $1 billion valuation—leading to collective mockery from the community.