The FOMO app’s main selling point is that you can copy the best traders and make money. But have you ever actually looked at or copied their trades? (Your eyes will bleed)
After conducting an independent investigation, I’m realizing the @tryfomo app would be better characterized as the “try not to die and fall into a meat grinder app while copying the top traders” app.
Take their favourite KOL, number 4 overall trader @remusofmars for example. If you had opened a new account and began to follow his trades at any point after December 3, 2025 you'd be beyond financial ruin.
Seeing as you can only attach 4 images to a post, I attached 4 images worth of trading records to this post of Remus’s fomo account.
Using this record going back to February 20th, if you were to follow his trades with his same sizing, you would be $32,093.37 in the red.
That's assuming you were to have the same exact fills on every token he did. If you were to be copy trading on the FOMO app itself (and you were VERY fast), you would be down another 50%+ as they have some of the worst fills/spreads out of any terminal you could use. So your loss would likely stray closer to the $50,000 mark.
If you went through the trading records of many of the other top leaderboard traders, you would see they are in a similar boat. @frankdegods has probably the best trading record of all of them, but there was a large amount of insider trading involved. More on that here (https://t.co/UbdxTmqhxA)
This brings up the question, what is this app good for?
They have been marketing the platform as very user friendly terminal for the new guys where you just copy traders and make money.
But if the small guys get ****ed trying copy the big boys, and the trading records of all the top traders are in the red as well. Then who is making money?
Their CEO and seed investors of course. Every TX you make on the platform takes money out of your pocket and donates fees towards @seyong and their investors like @0xuberM and @frankdegods 🥀
All while the groups of top traders use their followers on the app bundle and rug tokens so they can scam even more money out of the ecosystem.
The same guys who have been scamming you for the last 2 years are just putting lipstick on a pig and doing it again. If you lose money to any of this slop, you never deserved to have it in the first place.
Pumpfun just killed every coin on chain and people don't even completely understand the update yet
they are giving us Cashback on all TRANSACTIONS not for holding tokens. This is something we already get from quite literally EVERY trading terminal
taking away dev fees and giving them to the traders sounds cute and all but what they basically just did was make bundling easier lol
so now instead of farming dev fees, people will farm cashback through more transactions with more bundled wallets and farmy PA
retarded update. literally just took away dev fees and reworded it to make it look like they're robin hood taking from the rich and giving to the poor when in reality they just made trading a millions times worse
reward holding not trading. give us fees for holding
reading through the replies and quotes - some of the most thoughtful and engaging content on prediction markets substructure.
imo this is increasing evidence of sports being a particularly special subcategory within PM landscape
question for me is - is this also a matter of difference on AUDIENCE behavior (social habit of betting pre-game) rather than simply info structure?
If you're wondering why the banks don't want yield on stablecoins, here's the summary of National Deposit Rates from the FDIC:
-> Savings = 0.39%, Checking = 0.07%, MM= 0.58%!
-> All while the Treasury Yields are 3.89% (from 12/15)
-> That fat spread of 3.82% represents bank profits and it's what they don't want anyone jeopardizing
people keep talking about $WHITEWHALE and how it's saving the trenches, but they're not talking about WHY it has performed so well
the reason why this coin is doing so well is because it's supply controlled by a community/founder and White Whale himself has the goal of making this an insane coin
this is how things used to be: teams would supply control a coin with the right people, work their ass off for the coin & community for months, and coins would last for longer than a day and go to 100+ million marketcap
I personally find it disingenuous for influencers to claim that the trenches are back because of White Whale, because this kind of coin has nothing to do with the current state of the trenches
the trenches are just unlimited slop deploys with "devs" who don't do shit for the coin after they click launch
White Whale is what we get when people actually put time, money, and effort into making a coin great
give us more deployers like White Whale who want to build an insane community and something to believe in
We used to have people with 1 follower on X hit a 7 figure Pnl and just casually post about it in their one groupchat and then go back to trading
Now we make 1k and spam hardstyle anime edits as if we just conquered west Africa and made 50million dollars
Whoever started this ruined memecoins
This is the story of BullX’s million-dollar airdrop that never happened
> July 2024: BullX announced their airdrop and shared tokenomics for $BULLX
> The “Early Bird” allocation was supposed to go live on July 15. Nobody received anything
> The rest of the airdrop was then delayed until BullX NEO went live. BullX NEO went live but not the airdrop
Meanwhile, BullX made $300M+ in fees and close to $300M in revenue, while milking their community
BullX’s last tweet is almost a year old
Likely the airdrop will never happen anymore
Everyone is devving and nobody is buying
That’s the problem
Devving is supposed to be exclusive and a dev is supposed to be a leader an an example to community
here is the solution
Captcha to deploy so bots can not deploy and uxento
Fees are completely exclusive to those accepted, not automatic
Make starting mc for coins 20-25k so people can’t bundle 30% for a small amount
Help support new runners to raise ceilings
heal onchain and it won’t matter if BTC is down 5% or 20
Broski I’ve been staring at Solana stats for like an hour and I swear meme-coins accidentally became the biggest growth hack the chain ever had and yet the support to it is NIL.
Some figures for ur refrence :
At one point meme coins on Solana were doing $6B+ in 24h volume — SIX. BILLION. For cartoon dogs and fruit coins.
Some weeks SOL’s ecosystem revenue was pushing hundreds of millions, and a stupid amount of that was literally people aping into tokens that launched 20 minutes ago.
And the overall network revenue for the year was like $2.8B+, which still blows my brain because a chunk of that came from degen roulette on DEXs lmao.
You built this insane, high-speed chain and the internet said “cool, perfect place for chaos.”
And the wild part is it WORKED all that volume and wallet activity basically shoved Solana back into the spotlight.
Idk man, I’m not saying meme-coins are noble or anything…
but they absolutely juiced the ecosystem way more than anyone wants to admit.
Like they basically became your unofficial marketing department without even trying.
Somethings got to be done to help the memecoin ecosystem on Solana.