The FOMO project on the $SUI chain, conducted through mining, has entered a new phase. By around 5 PM yesterday, FOMO reached a fully circulating state, meaning that all FOMO tokens have been mined. This marks the end of selling pressure from miners, and what remains will purely be a game of capital.
For the FOMO project, our operational strategy has been quite effective. In the early stages of the project, as there was still profit in minting tokens, we adopted a strategy of immediately selling after mining to lock in profits. As expected, with continuous selling from miners, the token price has been on a steady decline, with a drop of 90%. Based on an optimistic outlook on the $SUI chain and recognition of the fair distribution mechanism of FOMO project POW, we decisively adjusted our strategy to start bottom-fishing, exchanging the profits from early minting for 10 times the chips.
As the FOMO tokens approached the end of mining, funds began to rush to buy chips, coupled with a decrease in miner sell-offs, the price of FOMO tokens experienced a significant increase. The funds we used for bottom-fishing have already doubled in returns. From the distribution of trading volume, the trading volume here has rapidly increased, indicating that there are clearly funds taking over, and the upcoming market still holds promise.