Gm fomo traders,
Now that JP Morgan has publicly stated that it expects the FED to deliver a 25-basis-point rate cut, and the public is predicting an 87% chance on Kalshi, sentiment has slightly improved around our valuable internet currencies.
The issue? The market typically prices these factors in advance, so a sell-off is more likely on Dec 10. Our best hope is a strong Santa Rally to close out the year.
Moving on-chain, we’re continuing to see a decline in launchpad volume, down almost 80% YTD. For the dopamine-deprived trenchers, this surely poses an existential threat.
For the rest of us, this is a positive indicator, since many believe that a market-wide altcoin season hasn't occurred due to memecoins draining liquidity and attention.
Speaking of good news, degens are beginning to return to our favorite casinos, with the big three posting positive numbers, and Base leading the way with almost a 10% weekly jump in TVL.
And finally, make sure to join today’s AMA with @printgod_ on Discord @ 3:30 pm EST.
It has been exactly a week since Monad’s mainnet launched. Here is a quick rundown of activity on fomo:
4000+ people on fomo jumped to trade on Monad
On the highest day, 30+% volume on fomo was from Monad
Top traded tokens on Monad: $CHOG, $NADS, $ANAGO, $LBJ
The next coin features one of the most popular internet culture memes, Wojak. Although this meme has been recycled more times than anyone can count, that doesn’t mean it can’t pump. And pump it did, gaining nearly 400% last week, with 1,960+ buyers stepping in on fomo.
It’s currently among the most held tokens on fomo, with the legends runitbackghost, llonchain, and 650 other believers holding on.
As always, keep track of the majors in the “most held” section directly inside the fomo app.
Last week, we also saw more crimes committed by Trump’s associates, this time promoting and acquiring a memecoin inspired by the post below.
The man was proven correct after WLFI posted this message on X, which immediately sent the token’s value soaring by over 300% with 1,100+ buyers acquiring $SPSC via fomo.
If you’ve been following our newsletters, you know we’re fans of MetaDAO projects for their unique "ownership" setup. This week, one of the first projects launched on the platform, $UMBRA, made a strong comeback, increasing by 200%, with over 1,280 fomo traders stepping in to bid on the coin.
The move is driven by two highly positive factors: their upcoming mainnet launches later this month and their decision to develop Solana's first privacy-first wallet using their own SDK.
As always, the top trending picks will rotate, so keep your eyes peeled on the fomo trending coins tab:
The top trade of the week belongs to the fomo Hall of Famer, runitbackghost, with his $RIFT position, which currently boasts a PNL of over 360% from his initial buy. Undoubtedly, his purchases encouraged others to buy the coin as well, but $RIFTS appears to have interesting qualities, suggested by the trader’s attached X post.
Next up, we have sumfattytuna with his $wMNST position, which has gained over 500% profit. However, he has round-tripped the position quite a lot, and if he had sold just one day after his initial buy when the position was worth around $170,000, this would’ve been a godly trade. Nonetheless, $37,000 is no chump change, so congrats to tuna man.
And to close out this week, we have 4pcoyote’s $surge trade, which netted the man a clean stack of 30 bands. A reminder that with size, you don’t have to hit home runs, you just have to be consistent and trade with conviction— a problem I’ve yet to face, of course.
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 👀
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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Also, reply to this email and let us know if you think the bull run is over or not. Your feedback is greatly appreciated!