After sharp pullbacks across the board last week, this week served us some more bad news. The US Senate failed to pass the Clarity Act and the market reacted with a classic seesaw. An initial dump, with BTC dropping roughly 6%, followed by an immediate short squeeze among majors, with $470 million in shorts liquidated in one day.
Among the majors, the highlights of this week have undoubtedly been ZEC (+53%) and HYPE (+18%), both consistently scripting all-time highs after all-time highs.
But just as one regulatory door shut, another one opened. The SEC allowed a five-year “innovation exemption” for tokenized stocks that can be traded on permissioned AMMs. StonkFun has been the biggest beneficiary of this news, with STONK pumping over 60% on the weekly window.
As the markets continue to do their thing, fomo never stops shipping. A new feature to keep note of is the “team tag.” Devs can now add real-time updates of news, announcements, features, products, roadmap, and whatever else they please, directly on the fomo app, so you never miss a beat on the coin you hold.
fomo is now sponsoring the “Risk On” podcast, which airs twice a week on Tuesdays and Fridays at 12 pm EST. Be sure to follow them on X, and don't forget to use this link for a 10% discount on trading fees.
Who said fomo is just for degens? Meet @Salem12299534
While all of us have been doomscrolling looking for the next big meme, Salem has been keeping tabs on geopolitical news as Saudi Arabia had the East-West oil pipeline attacked. This naturally caused a sharp spike in WTIOIL.
Salem then expected positive news of peace talks and Saudi Arabia working quickly to repair the pipes, and opened a 3x short on fomo, with a total lev. size of $1.9 million.
Ultimately, Saudi Arabia figured a way to reroute oil trading through Hormuz, and the price went down.
He’s been continuously going in and out of the short, managing the position well, and is currently up a little over $40k on the trade.
For those wondering how perps differ from spot trading, we’ve put together a short explainer to get you up to speed on the basics.
Disclaimer: Perpetuals ("Perps") are provided by third-party protocols and are not available to US Persons (citizens, residents, or anyone located in the US). Do not attempt to access perps from within the United States.
We thought nobody could penetrate the top 3 on the leaderboard.
This week, a new player has announced himself in the arena. @theveeman has been on an absolute roll.
His success has been primarily spearheaded by STONK, benefiting from the large uptick in price over the past few weeks. This week, he’s up $2 million, taking his total STONK holding to $6.4 million from an initial investment of $185k.
Kudos to you Veeman, may your success on fomo only continue.
You can give him a follow here.
How’s your trading been this week? Are you doing as well as @theveeman?
@CoachPaul takes the top spot this week.
CoachPaul caught on to the brewing ORBIO wave early and rode the pump for a $509k gain.
@Pasterniq and @BonkGay both hit it big on GSTOCK.
It seems like BNB Chain felt fomo (pun unintended) from all the action on Robinhood and Solana, so it got its very own star performer. GSTOCK is the native token of Genius Terminal, the self-proclaimed “Final onchain trading terminal.”
The coin has pumped 5,600% since launch, and Pasterniq and BonkGay have made $439k and $398k off this coin, respectively.
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 👀
In what was a relatively slow week, with Robinhood seeing a 97% drop in chain fees and the broader market flattening out, we still had some star performers.
As the majority of the coins from the Robinhood ecosystem got washed away after the initial pump, the cream rose to the top.
One of the standout performers this week has been ORBIO, pumping around 500%.
It’s a neat take on creating a new style of inference market where ORBIO holders can earn OpenRouter credits for cheaper access to AI models, with a marketplace and credit infrastructure surrounding the product.
As mentioned earlier, GSTOCK really came out of nowhere to begin competing with the likes of Pons, Longdotxyz, StonkFun, and so on.
The new BNB chain coin has pumped a little shy of 5,600% since launch. If CZ gives it the nod, then we could have an Aster vs. Hyperliquid round 2 of sorts.
StonkFun has been quietly building one of the most innovative launchpads with things like any-pair asset listings, reward tokens, airdrop mechanisms, and so on.
The market has taken notice, and they are slowly chipping away at PumpFun’s market share.
STONK has jumped 60% this week to an ATH market cap of $300 million as the buyback and burn flywheel continues to do its thing. Wonder what the future holds for StonkFun.
Keep track of the majors in the “most held” section directly inside the fomo app.
There’s always something fun happening in small cap land, and this time is no different.
A lot of you are probably familiar with RuneScape, one of the biggest MMO games in the world. It’s so big that the native currency GP is still used by people in some countries as tangible currency.
GP is now onchain and has pumped over 350% this week. Oh, and GP holders can also get paid in tokenized gold GLDx.
Edel Finance is the onchain margin layer for tokenized equities and has been gaining momentum this week.
Its native token EDEL on Base has had an impressive 105% uptick this week, going up to a market cap of $28.5 million, and some traders have made a handsome profit.
Agent Wormhole is building the security layer for agentic finance, which is a narrative that is picking up a lot of momentum. The protocol, built on Robinhood, is now garnering attention.
Despite a slight correction from the highs, the token has pumped 250% in the last 7 days and currently sits at a $4.8 million market cap.
As always, the top trending picks will rotate, so make sure you keep monitoring the fomo trending coins tab!
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Until next week!