My experience with this round of $FOGO IPOs is quite different from everyone else's. It seems like I didn't make much profit, but I was directly liquidated. Where did the problem lie? I didn't control the risk well when borrowing BNB on leverage, resulting in a liquidation loss of over 100 USDT. Ironically, I went bankrupt after only trading 2.8 BNB.

The whole process was a lesson. Now looking back, I realize that participating throughout the entire IPO process is necessary to hedge risks. Giving up halfway will instead be eaten up by slippage and borrowing costs, reducing your gains. If your funds are not enough to cover the full IPO cycle, honestly, it's better not to play. I am a living example, a painful lesson turned into experience.