Pumpfun’s playbook never changes. Ignore the trenches until a real competitor shows up. Then throw money to onboard Kols and FUD the competitor. Last time it was Bonkfun eating their volume. The second Bonk cooled off, they forgot the trenches even existed. Now they’re back onboarding and throwing money at KOLs because FomoApp has been gaining insane mindshare.
You don’t hate these people enough.
some traders have mentioned they are being offered large piles of cash to leave fomo & trade on another app for 3 months.
our response is and always will be that we will never pay anyone to trade on our app.
the entire fomo network has been built organically. we feel that the only way we can build a long term social platform for finance is for it to be organic.
every social platform allows for better experiences as a user grows. we must allow for the same and do things that scale the social graph.
i.e. attribution, monetization, etc. are problems we MUST solve in order to achieve this goal.
we have lots of exciting things to launch that will allow top users grow with the platform as they bring balue.
on the flip side, we’re also grateful to have helped build a social network where the top users can command such high markets. there are some ppl i speak to where i suggest taking the deal if its something thatll help their life. i am never someone to get in the way of someone and their business.
the value of todays top users on fomo is already so high, and we only expect that to grow. traders are the next celebrities and they will be the biggest celebrities among the current & future generations to come. we hope fomo can steward in that future.
today, people use fomo because it is the best product and because we treat people with respect and transparency. those are the only two things that matter to us.
with scale comes problems to solve. we are committed to making this the best trading product in the world. every waking hour is spent towards working to this goal (including this one).
as always, my dm’s are always open for feedback, issues, and ideas.
some traders have mentioned they are being offered large piles of cash to leave fomo & trade on another app for 3 months.
our response is and always will be that we will never pay anyone to trade on our app.
the entire fomo network has been built organically. we feel that the only way we can build a long term social platform for finance is for it to be organic.
every social platform allows for better experiences as a user grows. we must allow for the same and do things that scale the social graph.
i.e. attribution, monetization, etc. are problems we MUST solve in order to achieve this goal.
we have lots of exciting things to launch that will allow top users grow with the platform as they bring balue.
on the flip side, we’re also grateful to have helped build a social network where the top users can command such high markets. there are some ppl i speak to where i suggest taking the deal if its something thatll help their life. i am never someone to get in the way of someone and their business.
the value of todays top users on fomo is already so high, and we only expect that to grow. traders are the next celebrities and they will be the biggest celebrities among the current & future generations to come. we hope fomo can steward in that future.
today, people use fomo because it is the best product and because we treat people with respect and transparency. those are the only two things that matter to us.
with scale comes problems to solve. we are committed to making this the best trading product in the world. every waking hour is spent towards working to this goal (including this one).
as always, my dm’s are always open for feedback, issues, and ideas.
Friends are getting bribed by Pumpfun (signup bonuses + monthly payments) to close their fomo accounts and move to the Pumpfun app. Some are taking the deal, closing down their main Fomo accounts, trading on alts fomo accounts instead, and getting paid by Pumpfun. Good tek lol.
Also, I expect to see a lot more FUD around fomapp from the good goyims who took the deal.
@_bolivian@Pumpfun i was a poor immigrant kid from nj who made his first 5,6,7 figs onchain.
traded every tool on every chain under the sun. i was trading on chains that u didnt even know existed.
i ran a 5k->100k challenge live on fomo in the early days and have more onchain exposure than u.
Anyone with two brain cells will understand that @blknoiz06 was hired by Pumpfun to help clean up their image. The cringiest part is people acting like it’s all organic. But whatever, if it helps the trenches as a whole, let it.
very rare setup here for $PUMP
believe the main cohort of users on pump are young kids trading microcap coins which is why the tiktok trader clips are so popular but boomers on CT do not understand how they are still making so much money
fastest crypto app to $1B in revenue that's popular w/ zoomers but most still unaware it exists
institutional allocators don't understand the setup because they don't believe in tokenization as a sustainable business model even though pump has the same 2Y revenue numbers as the most praised protocol by tradfi w/ hyperliquid
main issues w/ pump are no follow through on airdrop, lack of comms/responses from team, & not enough success stories of coins that do well on platform outside of microcaps
all of these are fixable & the risk discount in this trade is betting on these changes happening before confirmation
think there's pretty high chance of their mobile app going viral when $ANSEM is trading in the billions, ATHs pre-10/10 are ~5x from here