fomo

Since this week, the on-chain market driven by Robinhood has temporarily cooled down, with mainstream cryptocurrencies experiencing a pullback. The market is pinning its hopes for the next round of activity on the Arc Chain, which will launch on September 16.Arc Chain, developed by the stablecoin issuer Circle, is an open blockchain network primarily aimed at institutional users. There are differing opinions in the market regarding whether it will support the crypto-native meme coin culture. Platforms such as OpenSea and fomo have announced that they will support Arc Chain as soon as possible. In response to the fomo launch announcement, Circle co-founder Jeremy Allaire has made a positive statement.

Cryptocurrency trader Unipcs (also known as "Bonk Guy") posted that he has incurred a floating loss of 3.6 million dollars on FOMO in the past 24 hours, exceeding the total profit and loss of the top two traders on the FOMO platform during the same period.He stated that he shares this situation to present a more balanced perspective, emphasizing that the market does not always go up, and investors need to endure such fluctuations. He mentioned that he has not been affected by the drawdown and believes that even without adding any new tokens, his current portfolio is still expected to grow to at least 50 million dollars in the coming months.

Fomo co-founder Se Yong posted on platform X stating "nfts are back" and included two images of NFTs. He also commented, "Some people like to buy watches with profits, but personally, I prefer digital products."

In the past 24 hours, Fomo has surpassed Pump.fun to become the highest-earning protocol on the Solana chain.

According to DefiLlama data, Pons and Fomo generated approximately $1.85 million and $1.77 million in revenue over the past 24 hours, both exceeding Hyperliquid's approximately $866,500.Currently, Pons and Fomo rank fifth and sixth respectively in the cryptocurrency protocol revenue chart, while Hyperliquid ranks ninth.

Trader Bonk Guy's portfolio has once again reached a new high, reaching 27 million dollars, with a profit increase of 20.83 million dollars over the past 30 days, becoming the first person on the Fomo platform to reach a 27 million dollar portfolio. Bonk Guy is also the platform's first historical trader, with an unrealized profit increase of 5.34 million dollars in the past 24 hours and an unrealized profit increase of 17.14 million dollars in the past 7 days.Bonk Guy previously emphasized that these trades and successes are not his own merit, but all thanks to God. PONS, USELESS, and MARSCOIN contributed the main unrealized profits. The 10.9 million PONS tokens that Bonk Guy initially invested cost 67,700 dollars and are now worth over 10.27 million dollars, with a return rate of up to 150 times.

Trader Unipcs (Bonk Guy) posted that his fomo investment portfolio, after first breaking the $10 million mark yesterday, has now reached a historical high of $20 million, claiming to be the first trader to achieve this scale on the platform.According to the disclosed data, the profit in the past 24 hours was approximately $4.7 million, the profit in the past 7 days was approximately $12.8 million, the profit in the past 30 days was approximately $14.8 million, and the historical cumulative profit was approximately $16.5 million. He stated that recent major profitable trades include PONS, USELESS, MARSCOIN, BASECAT, DELTA, and MICRODUCK, among which PONS has increased over 108 times compared to its average entry price, and both DELTA and MICRODUCK have returns exceeding 10 times.

Trader Bonk Guy (Unipcs) shared images, and his portfolio has reached a new high of $15 million, with a profit increase of $11.6 million over the past 30 days, becoming the first person to reach a $15 million portfolio on the Fomo platform. Bonk Guy remains the top trader in the platform's history, earning $5 million in the past 24 hours and $9.5 million in the past 7 days.Bonk Guy also emphasized again that these trades and successes are not his own doing, but all thanks to God. PONS, USELESS, and MARSCOIN contributed the main floating profits. Three days ago, Bonk Guy stated that he had reached a historical profit breakthrough of $10 million on the Fomo platform, leading the second place by nearly $3 million.

The Block's investigation shows that on the social trading app Fomo and Robinhood's self-custody wallet Robinhood Wallet, users can directly purchase Memecoin using credit cards via Apple Pay or Google Pay without completing a separate KYC identity verification. Transactions can also accumulate points or cash back rewards as normal credit card rewards. The media tested the purchase of WIF, and transactions on the Visa and Mastercard networks were classified under merchant category code MCC 5815 (digital goods media), rather than the cryptocurrency asset categories MCC 6012 or 6051 as stipulated by card organization rules, which typically come with crypto tags and do not earn rewards.These transactions are supported by the Token Checkout product from the crypto infrastructure company Crossmint. Crossmint insists that this classification is appropriate, citing the joint guidance released by the SEC and CFTC in March of this year, which views certain Memecoins like WIF as "digital collectibles." However, Chase stated that the Visa transaction was not marked as a cryptocurrency purchase and that the classification was incorrect, and they have initiated a case review with Visa; the New York Attorney General's office also stated that it is reviewing the matter. Vanderbilt University law professor Yesha Yadav and other payment experts believe that the SEC's position and card organization rules represent "two completely different systems."

The social-first on-chain trading platform fomo announced the acquisition of proprietary software and intellectual property developed by the on-chain data aggregation and infrastructure company Mobula. Some members of the Mobula team will join fomo to help build its own data capabilities. At the time of the acquisition, fomo's user count had doubled since early July to over 1.9 million, with more than 30,000 new users added daily. In August, active users exceeded 1.2 million, and the iOS App Store's finance category reached a peak of 3rd place.fomo's trading volume increased from $500 million in June to $1.5 billion in July, and it is on track to exceed $2.8 billion in monthly trading volume and approximately $17 million in monthly revenue in August. Co-founder and CEO Paul Erlanger stated that acquiring these assets gives the company greater control over its infrastructure as it expands. Mobula was founded by Sacha Marcus, who will join the fomo engineering team along with CTO Sacha Delhoux and infrastructure head Cyril Conan.fomo was established in 2025 and is headquartered in New York, supported by Index Ventures, Union Square Ventures, and Benchmark. The platform simplifies on-chain trading through a single account, with fomo Web accounting for about 25% of the total, and has launched social trading features such as Clans.

According to Bitcoin.com, Fomo is a social crypto trading application aimed at Robinhood Chain and other networks. On August 21, it entered the top five financial apps in the U.S., briefly rising to third place, surpassing Cash App and the prediction market Kalshi, and is currently in the top 15.Fomo was founded by Paul Erlanger and Se Yong Park and launched its public beta in May 2025. In November 2025, it completed a $17 million Series A funding round led by Benchmark, with participation from 140 angel investors; it subsequently completed a $75 million Series B funding round, with a total disclosed equity financing of approximately $94 million.Fomo supports Solana, Base, BNB Chain, Monad, and Robinhood Chain, allowing users to view real-time trades of their followed entities, track leaderboards, and copy trading signals, with funds able to be deposited instantly via Apple Pay. It has accumulated over 1 million installs on Google Play, with more than 600,000 users and a trading volume exceeding $4 billion.

According to official data from fomo, in the past 30 days, 25 traders on the fomo profit leaderboard have achieved profits of over 1 million dollars, with the top trader being @unipcs, who has made over 5.8 million dollars in the past 30 days.As of now, the total number of traders on the fomo platform who have achieved profits of 1 million dollars is 26.

According to data from DefiLlama, Pons' revenue in the past 24 hours reached $693,125, surpassing Polymarket ($635,221) and fomo ($646,539), ranking eighth in protocol revenue, just behind Hyperliquid ($758,325).

Co-founder of the cryptocurrency trading app Fomo, Se Yong Park, announced the completion of the first round of financing, which involved 140 angel investors. Currently, there are over 200 angel investors on the cap table.He stated that early founders almost always misunderstand the dynamics between the company and angel investors, and should view angel investors as call options for product success. Even if the cap table includes tech CEOs, celebrities, athletes, etc., the likelihood of them providing help early on is close to zero. As the scale expands and a product is created that angel investors are truly willing to use and proudly share, more and more people will naturally recommend the product to the outside world.

Jiang Zhuoer released a historical cycle comparison chart of Bitcoin on platform X, stating that if the low point of this cycle is around $57,800, based on historical cycle trends, the current market adjustment in terms of magnitude and duration is already quite close to the previous three cycles, and a large number of investors may currently be in a "missed out" state.Jiang Zhuoer mentioned that as the market continues to consolidate and fluctuate, the anxiety of investors missing out on the market (FOMO) may gradually intensify. Once capital flows back in, the space for further market decline may be limited. He believes that the subsequent trend may reference the "golden pit" in the market at the end of 2021, at which point a brief buying opportunity during a pullback may arise.

According to Forbes, Bitcoin recently rose from $62,900 to $79,500, with a 26% increase within 5 days, following the liquidation of over $3.1 billion in short positions. Trader MARMOT stated that this round of increase is not entirely driven by natural demand but is a typical short squeeze situation. He pointed out that approximately $3.1 billion in short positions were liquidated in the past few days, marking one of the largest liquidation events he has witnessed. At the same time, as Bitcoin rapidly rises, retail investors are chasing the price, leading to a noticeable FOMO sentiment in the market.Geoff Kendrick, head of digital asset research at Standard Chartered Bank, stated that his previous prediction of Bitcoin reaching $100,000 by the end of the year may be underestimated. He believes Bitcoin could retest its historical high of $126,000 and expects the market recovery to accelerate further after October 6.Meanwhile, some market participants believe that the current upward trend carries short-term overheating risks. Trader David Goldstein mentioned that Bitcoin's rise from $64,000 to nearly $80,000 is mainly driven by signals from the U.S. Treasury regarding bond repurchases and a short squeeze of unprecedented scale. He considers $80,000 to be the first significant resistance level, and this round of increase may peak in the $85,000 to $90,000 range, followed by a correction or fluctuations around $70,000 to $75,000.Forecasting platform data shows that market expectations for Bitcoin's future price are heating up. Meanwhile, inflows into U.S. spot Bitcoin ETFs have rebounded, with a cumulative inflow of $1.62 billion over four trading days as of August 21, reversing the previous week's trend of net outflows.However, several traders remind investors to avoid chasing prices due to rapid increases. Crypto Kit noted that just a week ago, the market was waiting for buying opportunities at $45,000 to $50,000, but now that Bitcoin has risen to $77,000, investors suddenly accept the current price, indicating a clear increase in market FOMO sentiment.

Former Magic Eden General Counsel sh0edog (Joe) announced his joining of the consumer-grade crypto finance application fomo as General Counsel. His personal background also includes being an advisor at Day One Law and previously working at Fenwick West, entering the crypto industry in 2016.sh0edog stated that fomo is one of the fastest-growing consumer finance applications, with daily spot trading volume exceeding $100 million and over 61,000 daily active traders. It ranks 5th in the finance category of the US App Store and has raised approximately $95 million in total funding. He noted that the team's execution and integrity are outstanding and is optimistic about its potential to build a global financial social network.fomo co-founder seyong and other team members have publicly expressed their welcome. sh0edog stated that he will assist in promoting fomo's development in the global consumer crypto and social application direction.