There you have it, folks. The first trader to reach the $10 million PnL mark on fomo is here, and the bull market has barely even begun.
Keep reading to discover the person responsible for this huge PnL, along with what might have happened if other traders had held their bags like him.
Looking at the bigger picture, while the majors are essentially role-playing as stablecoins, the Robinhood trenches are on fire.
With activity and volume continuing to ramp up, the whole ecosystem has enjoyed a steady climb up and to the right.
And fomo is doing most of the heavy lifting. Per @adam_tehc's Dune dashboard, fomo just crossed 65,000 daily active wallets on the Robinhood chain.
Now, comparing that to Solana, where the average hold time for a memecoin is around 42 seconds, it only makes sense that traders are moving where they’re treated best.
Speaking of treatment, last week we continued to improve the user experience and add new features across mobile and web. Check them out here.
We’re also glad to report that 75% of users who have ever created a fomo account have used it this month.
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Last week’s top tech story came from NVIDIA, which reported second-quarter revenue of $96.2 billion, up 18% from the previous quarter and 106% from a year ago.
But the news didn’t end there, as NVIDIA also reportedly agreed to acquire the open-source AI firm Hugging Face for $12.9 billion.
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.
Remember @change and his VVV trade that earned him the top position on fomo not so long ago? Turns out, had he held that position until today, it would have made him over $3 million.
It’s one thing to make a million dollars and miss out on two more. But it's a whole different kind of pain to watch a coin run up so hard that you miss out on enough money to retire your whole bloodline.
Last but definitely not least, we have @MadFoxyXBT and his almost million-dollar fumble on microduck. With an entry at just $6,000 market cap and an exit at $117,000, he made a 1,842% return.
By all accounts, that is an amazing trade. Unfortunately, microduck went on an absolute tear last week, reaching a market cap of $28 million.
Chin up, guys. New opportunities are always out there.
To view other fumbles, open a closed position for any trader, click the share button, then swipe left to reveal their fumble card.
Which of these have you personally done?
@Unipcs, better known as “Bonk Guy,” made his name last cycle with a very public long position, turning about $16,000 into more than $18 million in BONK, only to lose $15 million in the October 10, 2025, crash.
Fast-forward to today, and Bonk Guy has firmly placed himself at the top of the fomo leaderboard, thanks in large part to his early conviction in PONS, where he invested almost $70,000 at a $6.1 million market cap and still holds those tokens today.
If you want to follow along with every trade he makes from here, his fomo profile is here.
As activity on the green chain continues to rise, PONS has emerged as the leading token launchpad.
And the chart directly reflects that, with PONS rising from about $50 million to as high as about $340 million over the last 7 days. That's almost 7x.
By this point, AI has become a recurring theme in our newsletter. But when the coin is as strong as this, rallying from around $20 million in market cap to over $100 million, you simply cannot ignore it.
As always, keep track of the majors in the “most held” section directly inside the fomo app.
Built on Uniswap’s V4 hooks, HOOKR is a no-code launchpad for programmable markets.
HOOKR appears to be the leader in the emerging V4 narrative, pulling a 300%+ move last week.
Continuing with innovative mechanics, QUOTRON blends NFTs, tokenized stocks, and scarcity into a gacha game for flippers and a one-way commitment for holders.
Though similar projects have launched, that didn’t stop QUOTRON from pulling a +360% move, before selling off into the weekend.
As always, the top trending picks will rotate, so make sure you keep monitoring the fomo trending coins tab!
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As always, until next week!