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Bonk Guy: The Fomo project will complete integration on Arc within a few days

Bonk Guy (Unipcs) posted that Fomo is expected to complete integration within a few days after the launch of the Arc chain, which changes its short-term judgment on Arc. He stated that builders related to Arc have recently contacted early on-chain traders multiple times, indicating their desire to generate early traffic for the new chain through Meme coin activities.Bonk Guy believes that the main opportunities on-chain this cycle are still concentrated in Robinhood, BNB, and Solana, and does not think Arc will become the next mainstream chain. However, he pointed out that Fomo has not yet integrated Hyperliquid, Tron, or TON, all of which have seen Meme assets with market capitalizations exceeding 100 million dollars. Therefore, if Arc connects with Fomo early after its launch, it could bring short-term trading opportunities. He revealed that he has purchased the native token LONG of the main launch platform Long, as well as the top three Meme coins on that platform.His core judgments include: Fomo will integrate Arc, Arc is actively attracting early on-chain traders, and Arc may learn from Robinhood's path of launching ecological growth through Meme activities. Bonk Guy also emphasized that the layout related to Arc is a short-term high-risk experiment and reminded to currently avoid using trading bots like Basedbot and GMGN to prevent significant slippage due to routing to incorrect liquidity pools.

first_img The Arbitrum Committee plans to permanently ban three grant abuse projects

The Watchdog Committee of the Arbitrum ecosystem (composed of Entropy Advisors and others) submitted a proposal to the governance forum on September 3, requesting a permanent ban on the projects Good Entry, Limitless, and APX Finance, as well as their founders, prohibiting their participation in all future ArbitrumDAO initiatives. The committee determined that these three projects engaged in grant abuse within the STIP and LTIPP incentive programs, involving a total amount of 457,553 ARB (approximately $76,000).Specifically, Good Entry received 200,000 ARB in the first round of STIP, of which 142,839 ARB flowed to 1,032 ineligible users, and there is evidence of self-farming by associated addresses, with the team refusing to cooperate with the investigation; Limitless exchanged all 75,000 ARB for USDC and cross-chain to Base, being classified as suspected theft; APX Finance was approved for 525,000 ARB, of which 239,714 ARB involved issues related to funds being held in the treasury, delayed distribution, and witch cluster problems. APX later merged with Astherus and rebranded as Aster, with approximately 70% of its assets located on the BNB Chain.According to the proposal, the three projects may defend themselves in the forum post before September 10. If the explanations are not accepted and the funds are not returned, the committee will initiate three separate Snapshot votes to decide whether to permanently ban the relevant projects and founders.
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