As BTC and other majors continue to stagnate due to regulatory overhang, it seems like the trenches haven’t gotten the memo, with CASHCAT making a HUGE comeback and some other coins posting multiple 1,000%+ pumps. Congrats to those who caught them.
That being said, we also had a record-breaking week in terms of user activity on the app, and yes, this week saw not one, but TWO users break the 100K follower threshold on fomo (shoutout @PoorGoat_ and @0xAvast).
But that’s not all, we’ve taken things to the next level with the introduction of “Clans.”
Yes, you can find and follow a good trader, but what if you could also keep tabs on their entire trading group? See what they trade, how they trade, and compare your theses with theirs. All you have to do is navigate to the leaderboard to find the best-performing Clans of the week.
With the rest of the market licking its wounds and getting chopped up, fomo is in a bull market of its own. Weekly traders on the platform have 10x’d over the past few weeks, as we continue to focus on enhancing the app experience.
Just before we get into things, let’s quickly look at chain inflows/outflows, where there isn’t too much to report, fairly standard movements with a sharp spike only seen on Monad.
And to top it all off, fomo is now sponsoring the “Risk On” podcast, which airs twice a week on Tuesdays and Fridays at 12 pm EDT. Be sure to follow them on X, and don't forget to use this link for a 10% discount on trading fees.
@jack7offsuit hits for 5,700% with $TOAD
The early bird catches the worm, and Mr. Jack here was earlier than early and didn’t just catch the worm, but its entire family.
He bought to the tune of $3K between a $100K and $250K market cap and already cashed out around $10K near the top. He’s already in the green and still has about another $180K in the token. So yeah, a great week for Jack.
@ether_monk sells the top and buys the bottom on $CASHCAT
With the news of a Robinhood listing, CASHCAT, which seemed dead, saw an incredible resurgence, pushing its market cap back as high as $200M.
@ether_monk gradually exited his earlier position on this run-up, cashing out a little more than $500K. He then started aggressively re-investing almost all of it in the $90M market cap range and is now up a handsome 42.63% ($473K).
Naturally, the top trade ranks will flip around as the week progresses. If you wish to stay on track, download fomo and keep your eyes peeled 👀
CASHCAT
CASHCAT was probably the biggest story out of the trenches this week, with the Robinhood team being proactive and listing the token on their platform.
However, this proactivity was overshadowed by a grey cloud, as onchain sleuths quickly found suspicious activity in the books just a couple of days before the asset was listed.
People suspect that insiders or employees caught wind of the listing news early and decided to make a decent chunk of change from it.
Whether this is true or not is hard to say, but nonetheless, a pretty impressive week for CASHCAT.
STONKBROKER and PONS
With the recent listing, all eyes in the industry remain on Robinhood Chain as people expect more in the near future. Beyond the main memecoin, there are two other notable coins that people have made fortunes off on fomo.
Both of them are launchpads.
PONS is more token-focused and allows users to launch any fixed-supply coin. Now, the platform has recently crossed $2B in trading volume, and the coin has responded with a 33% pump this past week.
On the other hand is STONKBROKER, another launchpad that’s more focused on tokenized stocks with an innovative design. It’s caught all the headlines this past week, and the token has gained 82%.
Both are worth keeping an eye on for the near future.
As always, keep track of the majors in the “most held” section directly inside the fomo app.
The TOAD Trade
The biggest story out of the small-cap department this week actually happened over the weekend. The Toad Pepe went from 0 to as high as $17M market cap and is still hovering around the $9M-$10M mark.
The lore around it is strange but fascinating, and as usual, fomo users were early to it as a good chunk of well-followed accounts bought it before the major run-up.
LOUIE
A heartwarming story hit the news this week, where a Golden Retriever that suffered from seizures was magically cured by the miracle duck companion named Louie.
Naturally, with the degens being degens, a coin was quickly made, and it has run as high as $2.3M market cap with a lot of the top holders on fomo catching it below $100K market cap.
As always, the top trending picks will rotate, so keep your eyes peeled on the fomo trending coins tab!
@DumbCrayonEater with the diamond hands on AI
The AI coin has been around for over a month, and DumbCrayonEater has been bullish on it since it launched. Having bought a good amount early on and seeing the token pump over 5,000%, he still didn’t sell.
In fact, this week he further increased his position by another $2,250. His total investment through fomo is now $15K, and he’s up around $165K. Will DumbCrayonEater ever sell?
Lastly, just before you go, you probably already know that you can now trade EVERY market on fomo. So if you’re looking to move beyond the trenches and maybe dabble in stock trading, for example, there’s no better place than fomo to trade, and no better place than the fomo YouTube channel to do some research.
Make sure to join our vibrant community over on Discord or Telegram. After all, there’s nothing worse than being left out of the conversation and missing out on what everyone is buying.
And if you’re curious to learn more about fomo, check out our website.
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