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Project Overview
FOMO is a cross-chain trading application that allows users to trade across chains using a single account. Purchase any asset with a single click. No new wallet, no bridging, and no gas fees required.
Rune on Pump.fun Launching MemeStocks: Industry Leaders Should Drive More Innovation Rather Than Continuously Copying Proven Models
Odaily News – Crypto trader Rune (@RuneCrypto_) posted on X, stating that Pump.fun holds over $2 billion in cash, with a valuation of approximately $4.4 billion, making it one of the most influential platforms in the Meme coin market this cycle. However, since launching the Bonding Curve model, its subsequent product expansion has largely been a response to market demand already validated by other teams.Rune cited examples, noting that after Axiom's rise, Pump acquired Padre and renamed it Terminal; after fomo emerged, Pump added social features to compete for KOLs; and now that products combining Meme coins with equity-related assets have appeared on BNB Chain, Robinhood, Stonks, and Base, Pump has launched a similar MemeStocks feature.Rune stated that this strategy is not entirely ineffective—for instance, Padre's market share rose from roughly 2% to 10% after its acquisition. However, as a leading platform with substantial capital and resources, Pump should focus more on creating unvalidated new products rather than continuously replicating existing models. Otherwise, it may weaken the incentive for smaller teams to pursue product innovation, ultimately slowing the industry's overall pace of development.
fomo co-founder announces completion of first funding round with 140 investors participating
: Se Yong Park, co-founder of crypto trading app fomo, announced on the X platform that the company has completed its first funding round, with 140 angel investors participating. The cap table now lists over 200 angel investors.He stated that early-stage founders almost always misunderstand the dynamic between the company and its angel investors, and should instead view angel investors as call options on the product's success. Even if the cap table includes tech CEOs, celebrities, and athletes, the likelihood of them providing early-stage help is close to zero. As the company scales and builds a product that angel investors genuinely want to use and are proud to share, more and more people will naturally recommend the product to others.
Trader Frank Clarifies: Main Perpetual Contract Wallet Is Not Yet Profitable Overall
Odaily reports: DeGods founder and well-known trader Frank posted on X in response to the community calling him "the best trader," stating that such a title is inappropriate and clarifying that his main perpetual contract wallet is still not profitable overall, and that most of the funds he has earned to date come from on-chain trades across various market cycles.Previously, Frank briefly surpassed Bonk Guy to take first place in cumulative PnL rankings on the fomo platform, though Bonk Guy has since overtaken him again.
Now open to the public: OpenSea mobile app launches social trading features
Odaily reports: OpenSea has announced that its mobile app is now open to all users, supporting trading of meme coins, artwork, trading cards, and perpetual contracts across more than 25 chains. OpenSea co-founder and CEO Devin Finzer stated that the app simultaneously launches social trading features, aggregating profiles and trading records of traders on fomo, pump, and Farcaster. Users can follow traders, view their wallet activity, import wallets to claim profiles, and filter by trading platform. Additionally, users can top up via Apple Pay, link or import existing wallets, view and trade all assets in one place, and set NFTs as onchain avatars.
Arc Ecosystem USDC Redeems at 1.8x Premium, Crab.fun Beta Launches on Base Tonight
Interest from users seeking early positioning in the Arc chain ecosystem under Circle continues to surge, with premiums for related USDC exchanges peaking at 1.8x. According to official updates, Crab.fun, a Meme issuance platform built for Arc, will roll out its Early Access version on the Base chain tonight at 21:00 to attract users and creators, securing early footholds in the Arc Meme ecosystem. According to reports, the Crab.fun Early Access utilizes the Strategy Vault issuance framework. A 1.5% trading fee applies, with creators waiving their revenue share: 1% flows into the Community Strategy Vault, and 0.5% is allocated for protocol buybacks. Under the Strategy mode, creators must nominate three fomo.family (http://fomo.family/) IDs as candidate traders. Once the vault accumulates 10,000 USDC, claims open. The first verified participant becomes the permanent Strategic Trader for the token and can deploy vault capital across markets including crypto, memes, equities, forex, commodities, and indices. Trading profits are split evenly: 50% goes to the trader, and the remaining 50% funds buybacks of the community token. The Crab.fun Early Access will open 80% of the token supply for subscription at a fixed price. Upon reaching the 4,000 USDC graduation milestone, tokens will be instantly mapped and airdropped to users at a 1:1 ratio.
Rune on Pump.fun Launching MemeStocks: Industry Leaders Should Drive More Innovation Rather Than Continuously Copying Proven Models
Odaily News – Crypto trader Rune (@RuneCrypto_) posted on X, stating that Pump.fun holds over $2 billion in cash, with a valuation of approximately $4.4 billion, making it one of the most influential platforms in the Meme coin market this cycle. However, since launching the Bonding Curve model, its subsequent product expansion has largely been a response to market demand already validated by other teams.Rune cited examples, noting that after Axiom's rise, Pump acquired Padre and renamed it Terminal; after fomo emerged, Pump added social features to compete for KOLs; and now that products combining Meme coins with equity-related assets have appeared on BNB Chain, Robinhood, Stonks, and Base, Pump has launched a similar MemeStocks feature.Rune stated that this strategy is not entirely ineffective—for instance, Padre's market share rose from roughly 2% to 10% after its acquisition. However, as a leading platform with substantial capital and resources, Pump should focus more on creating unvalidated new products rather than continuously replicating existing models. Otherwise, it may weaken the incentive for smaller teams to pursue product innovation, ultimately slowing the industry's overall pace of development.
BonkGuy: BNB Chain Could Become the Next Meme Hotspot, MARSCOIN Has Already Taken the Lead
Odaily News - Trader BonkGuy posted on X platform, stating that Robinhood Chain has previously seen multiple high-market-cap projects such as PONS, CASHCAT, and AI, with over a dozen projects surging to the $10 million to $100 million range.BonkGuy believes that market attention is further shifting toward BNB Chain, and MARSCOIN has already taken the lead in the BNB Meme/stock narrative. He noted that Binance has approximately 320 million users, and MARSCOIN has already been listed on Binance spot and perpetual contracts. Meanwhile, trading entry points such as fomo have lowered the barrier for Western users to participate in BNB Chain Meme trading. In addition, SAFEMOON, which was also born on BNB Chain two cycles ago, once reached a market cap of $17 billion, which can serve as a reference for the potential scale of BNB Meme when it truly takes off.
Bonk Guy: Profits $14.8M in the Past 30 Days, FOMO Portfolio Hits All-Time High of $20M
Odaily News Trader Unipcs (Bonk Guy) stated that his FOMO portfolio has reached a new all-time high of $20 million, following its first breakout above $10 million yesterday, claiming to be the first trader on the platform to reach this scale.According to his disclosed data, he has earned approximately $4.7 million in the past 24 hours, approximately $12.8 million over the past 7 days, and approximately $14.8 million over the past 30 days, with cumulative historical profits of approximately $16.5 million.He noted that his recent profitable trades primarily include PONS, USELESS, MARSCOIN, BASECAT, DELTA, and MICRODUCK, with PONS gaining over 108x from his average entry price, while both DELTA and MICRODUCK yielded returns exceeding 10x.
Now open to the public: OpenSea mobile app launches social trading features
Odaily reports: OpenSea has announced that its mobile app is now open to all users, supporting trading of meme coins, artwork, trading cards, and perpetual contracts across more than 25 chains. OpenSea co-founder and CEO Devin Finzer stated that the app simultaneously launches social trading features, aggregating profiles and trading records of traders on fomo, pump, and Farcaster. Users can follow traders, view their wallet activity, import wallets to claim profiles, and filter by trading platform. Additionally, users can top up via Apple Pay, link or import existing wallets, view and trade all assets in one place, and set NFTs as onchain avatars.
Arc Chain will launch on September 16, Circle co-founder responds positively to FOMO launch teaser
since the beginning of this week, the on-chain momentum driven by Robinhood Chain has temporarily cooled, mainstream tokens have pulled back, and the market is pinning its hopes for the next rally on Arc Chain, which is set to launch on September 16. Arc Chain is developed by stablecoin issuer Circle and is an open blockchain network primarily targeting institutional-grade users. The market is divided on whether it will support crypto-native meme coin culture. Platforms such as OpenSea and FOMO have announced that they will support Arc Chain as soon as it goes live. In response to the FOMO launch teaser, Circle co-founder Jeremy Allaire has already responded positively.
ARB debuts on Solana via Sunrise, tradable on multiple applications
Sunrise has announced that Arbitrum's token, ARB, is now live on Solana through Sunrise and can be traded on applications such as Phantom, Solflare, Jupiter, fomo, Archer, DFlow, Titan, Kamino Swap, and Mayan.
fomo co-founder purchased BOOGLE #041 for 850 SOL, valued at approximately $89,000
Odaily News: Solana NFT project BOOGLE announced on platform X that fomo co-founder Se Yong acquired BOOGLE #041 through an over-the-counter (OTC) transaction for 850 SOL, valued at approximately $89,000.Previously, market speculation suggested that fomo may support NFT trading in the future.
BonkGuy: BNB Chain Could Become the Next Meme Hotspot, MARSCOIN Has Already Taken the Lead
Odaily News - Trader BonkGuy posted on X platform, stating that Robinhood Chain has previously seen multiple high-market-cap projects such as PONS, CASHCAT, and AI, with over a dozen projects surging to the $10 million to $100 million range.BonkGuy believes that market attention is further shifting toward BNB Chain, and MARSCOIN has already taken the lead in the BNB Meme/stock narrative. He noted that Binance has approximately 320 million users, and MARSCOIN has already been listed on Binance spot and perpetual contracts. Meanwhile, trading entry points such as fomo have lowered the barrier for Western users to participate in BNB Chain Meme trading. In addition, SAFEMOON, which was also born on BNB Chain two cycles ago, once reached a market cap of $17 billion, which can serve as a reference for the potential scale of BNB Meme when it truly takes off.
Related news
Trader Frank Clarifies: Main Perpetual Contract Wallet Is Not Yet Profitable Overall
Odaily reports: DeGods founder and well-known trader Frank posted on X in response to the community calling him "the best trader," stating that such a title is inappropriate and clarifying that his main perpetual contract wallet is still not profitable overall, and that most of the funds he has earned to date come from on-chain trades across various market cycles.Previously, Frank briefly surpassed Bonk Guy to take first place in cumulative PnL rankings on the fomo platform, though Bonk Guy has since overtaken him again.
FOMO Labs co-founders deny plans to launch a Solana token launchpad, stating there are already too many tokens on the market.
Se Yong Park, co-founder of the crypto trading app fomo, denied that the team plans to launch a token issuance platform on the Solana ecosystem to compete with Pump.fun, stating that there are already too many tokens on the market and that the team prefers to help strong communities continue to develop.
Did the token giveaway strategy work? Pump.fun's trading volume jumps to 50% of fomo's, with daily active trader counts essentially on par
Odaily reports: Blockworks researcher Kunal Doshi posted on X platform that the gap between Pump.fun and the fomo app on mobile is rapidly narrowing. Currently, the former's trading volume has reached nearly 50% of fomo's, and the number of daily active traders is essentially on par as well. With the addition of perpetual contracts and gacha mechanics, Pump.fun's competitiveness as a one-stop trading application is steadily increasing.Earlier reports indicated that Pump.fun was revealed to be paying a fixed fee of $30,000 per month to attract FOMO users to migrate to its app.
Now open to the public: OpenSea mobile app launches social trading features
Odaily reports: OpenSea has announced that its mobile app is now open to all users, supporting trading of meme coins, artwork, trading cards, and perpetual contracts across more than 25 chains. OpenSea co-founder and CEO Devin Finzer stated that the app simultaneously launches social trading features, aggregating profiles and trading records of traders on fomo, pump, and Farcaster. Users can follow traders, view their wallet activity, import wallets to claim profiles, and filter by trading platform. Additionally, users can top up via Apple Pay, link or import existing wallets, view and trade all assets in one place, and set NFTs as onchain avatars.
400,000 retail traders accessed Hyperliquid through third-party apps, incurring cumulative losses of $280 million, with app fees exceeding trading losses
Odaily Report: 6thManVentures investor Mike Dudas posted on X, citing Hyperdash data, stating that 400,000 retail traders who accessed Hyperliquid through third-party apps (Phantom, MetaMask, fomo, etc.) incurred cumulative losses of $280 million, with losses from app fees exceeding trading losses. Moreover, most retail traders stopped trading after incurring losses, resulting in extremely low user retention rates.
Crypto KOL Qwerty Announces Temporary Exit from Cryptocurrency Market and Clears Public Wallets
Crypto KOL Quanterty (@Quanterty) announced on social media that he will temporarily withdraw from the market. He stated that he gradually lost himself amid trading, has now cleared all public on-chain wallets, and will remain offline for the foreseeable future. Previously, after his call for "Niu Lai" went viral globally, he caught the attention of He Yi. That day, his floating profit on the single Niu Lai token ranked second on the FOMO platform.