Ethos to Auction WHUF Tokens on Sept 1, Starting FDV $1M

A $1 million starting FDV for a token auction is a modest entry point, which may signal a deliberate effort to attract broad participation rather than chase a headline valuation. For projects in the RWA space, the auction format itself matters: it can reveal genuine demand without the distortions of a fixed-price sale. The open question is whether the auction clears at a level that sustains post-listing interest, or whether the low starting point simply invites short-term flippers. What happens after the auction—liquidity depth and holder distribution—will be the real test.