FOMO · 1074

Analysis: Behind PUMP's monthly doubling, positive ecological feedback is the main driver

Comparing news, PUMP has continued to rebound since hitting a low of $0.001 at the end of June. It has risen about 19% in the past 24 hours and is close to $0.004, up 36% on the 7th, 98% on the 30th, and about 116% on the 90th. The crypto market has picked up in the past two days. Bitcoin once surpassed 79,000 US dollars. Some meme coins, such as PEOPLE, NEIRO, and BOME, are on the Binance rise list, which is in line with the common rhythm of market recovery and memes taking the lead. However, PUMP's rise was significantly earlier than the current market round, starting about two months earlier. PUMP's strong rise this time is driven by its fundamentals: Pump.fun is forming a positive feedback cycle of revenue, buyback, and traffic. On-chain data shows that in the past 30 days, the platform's processing fee was about US$38.15 million and revenue was about US$29.19 million, second only to Tether, Circle, and Canton, surpassing agreements such as Hyperliquid, Polymarket, GMGN, and Tron. The window that appeared in Gold Fork coincided with the re-acceleration of revenue, the continuous repurchase and destruction of PUMP, and the return of users trading on the platform. Pump.fun uses 50% of revenue to buy back and destroy PUMP. The recent weekly fee revenue surpassed $10 million (one of the best levels since the end of January), corresponding to potential buyback pressure of around $5 million. The platform recently launched Callout Rewards and reduced Solana transaction fees to 0% and cross-chain fees to 0.1%, using revenue advantages to subsidize traffic and compete with users of imported products such as GMGN and Fomo. If active weekly and daily active trading users continue to reach new highs, PUMP's market narrative may shift from a simple meme platform coin to a trading portal with high cash flow. Overall, this round of growth was driven by technical signals and positive feedback from fundamentals, with revenue scale and repurchase mechanisms being the core supporting factors.

1d ago

The wind blew to the US, and the founder of DeGods continued to increase his positions and became the number one address on the fomo platform

Comparing news, meme bulls launched Binance Alpha yesterday. According to the GMGN market, the token rebounded again early this morning after a short period of favorable landing, breaking through the market capitalization of 40 million US dollars for a short time, and is now reported at 38.03 million US dollars. Those driving the meme coin's rebound may still be users of the fomo platform. According to public information, Frank, the founder of DeGods on the fomo platform, continues to increase his position, currently holds more than 500,000 US dollars in bullion coins, and shouted to the community that the movie Niu Lai will soon be sent to the US (actually a movie party initiated for Polymarket). Furthermore, Qwerty, the most profitable address in the Bullai Coin list, has not further reduced or increased its holdings since reducing some of its positions yesterday afternoon.

3d ago

Former Magic Eden General Counsel sh0edog joined FOMO as General Counsel

Comparing news, Sh0edog (Joe), the former general counsel of Magic Eden, announced that he will join the consumer-grade crypto finance app fomo as General Counsel (General Counsel). His personal background also includes Day One Law consultant, former Fenwick West, and has been in the crypto industry since 2016. According to sh0edog, fomo is one of the fastest-growing consumer finance apps. The daily spot transaction volume has exceeded 100 million US dollars, and there are more than 61,000 daily active traders, ranking 5th in the US App Store financial category, with cumulative financing of about 95 million US dollars. He said the team has outstanding execution and integrity, and he is optimistic about its potential to become a global financial social map. FOMO co-founder seyong and other team members have publicly welcomed them. sh0edog said it will help promote the development of fomo in the direction of global consumer encryption and social networking applications.

3d ago

The market capitalization of the SOL meme coin 67COIN briefly surpassed $3 million and rose more than 99 times during the day

Comparing news, GMGN data shows that the meme coin 67COIN on the Solana chain rose rapidly in a short period of time, with a market capitalization exceeding $3 million. It now reports about $3.1 million, which is more than 99 times higher during the day. Users are reminded that the price of meme coins fluctuates a lot, and most lack practical use cases. Please pay attention to asset protection and never FOMO. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

4d agoburnking

Alliance Co-Creation: Decentralized Social Graph is not Farcaster's core value, social trading or direction to attract users

Comparing news, Alliance co-founder Imran wrote on the X platform that Farcaster is a good infrastructure and application experiment, but the decentralized social graph itself is not enough to attract users away from traditional social platforms such as X. He believes that the direction that really deserves attention is social trading, which integrates new token discovery, speculative trading, and PnL reputation into a closed loop of native products. Currently, this model is difficult to replicate by traditional social platforms such as X and Instagram. Furthermore, Imran summarized this product evolution path as MetaMask → Phantom → Farcaster → Moonshot → Vector → Fomo/Pump, believing that each generation of products further reveals the needs that crypto users really care about. Earlier, Neynar co-founder Rish Mukherji wrote on the X platform that the team has initiated procedures to find new ownership or operation teams for Farcaster, Clanker, and Neynar.

4d ago

The market capitalization of the BSC meme coin CETS surpassed $15 million in a short time and rose more than 180% in the day

Comparing news, GMGN data shows that the market value of the BSC meme coin CETS rose above US$15 million in a short period of time and is now worth about US$14.36 million, an increase of more than 180% during the day. Users are reminded that the price of meme coins fluctuates a lot, and most lack practical use cases. Please pay attention to asset protection and never FOMO.

7d ago

Remember NFTs? The price of the new project exceeds that of Bored Ape

Author: CookieRobinhood's NFTs are getting more and more attention, and the most immediate catalyst was an interaction between Robinhood CEO Vlad Tenev and Beeple's tweet. NFTs have been around for a long time, and Beeple is one of the few people who can also have a boosting effect on NFT assets. It's a bit like “whatever Beeple draws, whatever it goes up”. In the tweet above, Vlad appears as an NFT savior, holding Cash Cat with the caption “Robinhood is saving NFTs.” Vlad replied, “Someone always has to do this.” As the “second protagonist” in the picture, the Cash Cat NFT series's floor price rose to a maximum of around $660, a fivefold increase in 2 days. Before Vlad launched this direct catalyst, the floor price of StonkBroker, the leading NFT on the Robinhood chain, once surpassed 13 ETH (about $25,000), but now it remains at 11.75 ETH. Judging from the price of a single NFT, this series has surpassed BAYC, and its total market value once surpassed 100 million US dollars, surpassing many old blue-chip NFTs such as Pudgy Penguins and Milady. Are NFTs really revived on the Robinhood chain? How can I quickly get started on this track that has been forgotten by everyone for a long time? Meme Coin/NFTMeme Coin comes with an NFT series. This is the first Robinhood NFT project category worth mentioning in this article. In addition to CashCat, $HOODRAT has also launched a supporting NFT series, and this one is directly carried out by the meme coin project, so there is no need to worry about whether the community will recognize it or not. However, $HOODRAT's current market value is only about 3 million US dollars, making it difficult for NFTs to rise anywhere. We mentioned Cash Cat NFTs at the beginning of the article. Although this NFT series doesn't come from the official Cash Cat meme coin, after Vlad tweeted, it had 3 imaginable logics: - Currently, the market value of $CASHCAT is around US$1.5-160 million. Based on the highest floor price of 660 US dollars over the past few days, the corresponding market value of the entire NFT series is only 6.6 million US dollars. If the price of $CASHCAT continues to stabilize, break through new highs, and continue to rise, then the price of the NFT will seem more cost-effective - what if Vlad swaps his X avatar for a Cash Cat NFT? - Although it is not a part of the $CASHCAT project, there aren't any examples of a successful meme that came from the original project party. The most typical example is $SPX6900/AEON. The highest AEON has reached a market value of about 25 million US dollars, corresponding to a single floor price of about 7,500 US dollars. After a short period of FOMO, the floor price of Cash Cat NFTs has fallen back to about 375 US dollars. This is a normal correction, and it will still be An NFT collection that occupies a key position on the Robinhood chain depends on the height of $CASHCAT and whether it can be widely recognized by the $CASHCAT community. Therefore, this type of project should be tracked from two aspects: - A coin with a meme image that has risen well. Recently, $hmm on Pons has suddenly skyrocketed quite a bit. If the latter can withstand the current sharp correction, NFTs will also be picked up. It's just not easy to say which series - it's already led by the meme coin project or related meme coin NFTs that have already run out of price. Follow the price trend of the meme coin itself and observe whether the odds for the corresponding NFTs are appropriate StonkBroker is currently the top 3 most expensive NFT series, all of which are “StonkBroker series”. StonkBroke...

8d ago律动BlockBeats#NFTs

Hash Global: Bitcoin bear market may be nearing its end

Source: X Author: Jessica Feng (Hash Global BNB Fund Investment Manager), Henry Yang (Hash Global Investment Partner) Original title: Hash Global: Bitcoin hasn't risen yet, why are we starting to think the bear market might be over? Abstract: Bitcoin has been trading sideways between $62,000 and $65,000 for nearly two months, but on-chain chips have been reshuffled: more than 2.4 million BTC has been deposited in the $610,000 to $65,000 range. Concentration is rare, and a new bottom is being formed. Similar chip structures in history have predicted subsequent market trends. Changes in kinetic energy take precedence over price. Now is the time to enter the next round of cycle layout. Over the past six months, the popularity of AI has absorbed almost all of the market's attention, and even Crypto's last belief, Bitcoin, has been drastically shaken. Since falling below $70,000 in February, BTC has stepped back into the $58,000-$60,000 range three times. Strategy, an old player in the industry, began selling coins, and mining companies turned to AI. The prospects for the industry were bleak, and it also made the fears real time by time. While US stocks continued to rise and gold bottomed out, Crypto seemed to be forgotten by the world: BTC had been trading sideways between $62,000 and $65,000 for almost two months, and the 30-day implied volatility dropped to 36%, setting a multi-year low. The lack of vitality makes it difficult for the public to be optimistic about the market. But what we've been paying more attention to recently is “change” and “perspective,” that is, behind the price, the changes that are taking place in the market. The forces that weighed down the market in the early stages are weakening one by one: macro-austerity expectations have cooled down, the strategic lightning crisis has abated, and the outflow of institutional capital has stopped. Meanwhile, Bitcoin's on-chain chips are gathering again in the midst of consolidation. Everything seems to indicate that an inflection point is approaching, but these changes are not yet reflected in prices, as the market is waiting for more clear signals. Outside the market, AI transactions are cooling down, and a new round of capital switching is about to begin; in the market, the old OGs are still waiting for the last drop and slow to take action — the calm and quiet surface at the moment has just opened up the best angle and timing for us to enter. It is difficult to predict when the market will start, but what is certain is that we are entering the time window for the next round of layout. 1. Under the impression that the price has not changed, the chip structure has been reshuffled. The new bottom is forming a new bottom where BTC has tested the $60,000 mark three times, and has been clearly accepted each time. The price then rebounded to around $65,000, upward selling pressure reappeared, and the market fluctuated repeatedly between $63,000 and $65,000. On the face of it, the price has hardly changed, but on-chain chips have quietly completed a round of redistribution. Currently, more than 2.4 million BTC has been deposited in the $610,000 to $65,000 range, accounting for about 12% of the circulating supply; of these, around $63,000 alone, more than 1 million BTC has been collected, accounting for about 5.2% of the circulating supply. The concentration of chips has risen to a historically rare level. This change is more worthy of attention than short-term ups and downs. The bottom did not appear suddenly, but was “bought” by the market in repeated tug-of-war: some people left the market, others took over; old chips were constantly replaced, and new capital re-established the cost base at a lower position. As more BTC is concentrated in similar price ranges, a new price consensus has also been established. As a result, changes in kinetic energy often precede prices. Looking back at history, from May to November 2024, BTC also experienced a half-year adjustment after the ETF market. Before pulling from $60,000 to $100,000, the chain also had a highly concentrated structure around $50,000 to $60,000. In hindsight, the bottom of the construction at the time was a springboard for the subsequent launch of the market. History won't simply be repeated, but a similar chip structure indicates that the market is experiencing a round of similar bottom changes. 2. Directional choices are coming. The forces suppressing the market are being disrupted, and the concentration of chips represents an intensification of the game. The market is about to make a choice, but this is not enough to indicate the direction. What really tilts the balance upward is that several forces that previously drove the market decline are weakening. 1. Macro pressure is falling, and the risk of interest rate hikes has been reduced. The most important driving factor behind this round of adjustments is market concerns about higher interest rates. The geopolitical conflict boosted inflation expectations, the Federal Reserve sent hawkish signals, US bond yields and the US dollar strengthened, and risk assets naturally came under pressure. Recently, however, this logic of pricing high interest rates has begun to loosen. US CPI fell 0 month-on-month in June...

9d ago22#Bitcoin

With weekly revenue of 3.2 million US dollars, FOMO is so popular that Pump.fun starts to rob people

If you just look at the name, Fomo looks like yet another popular crypto trading app. But over the past two months, its growth rate has begun to be hard to ignore. Fomo co-founder Paul Erlanger revealed that the platform's weekly revenue reached a record $3.2 million, growing for the 8th week in a row, 70% higher than the previous week's record. As of August 11, Fomo ranked 16th in the financial category on the US App Store, with about 7,300 ratings and 4.8 ratings. The ranking was previously in the top ten. In June of this year, Fomo just completed Series B financing of 75 million US dollars, led by Index Ventures. According to official data, one year after launch, Fomo has more than 625,000 users, a cumulative transaction volume of more than 4 billion US dollars, and generated more than 110 million social interactions. Of these, 68,000 users purchased Crypto for the first time through Apple Pay in Fomo, with a cumulative amount of about 25 million US dollars. In other words, Fomo is doing something that many Crypto products have always wanted to do, but which is not easy to do: bring ordinary users who are not familiar with wallets, Gas, and on-chain transactions directly into the market. And this is the real reason why Fomo is suddenly in the spotlight recently. Why is Fomo running so fast? Fomo did not create new financial products; it mainly reworked users' transaction paths. Traditional on-chain transactions are often: first see a token on X, Telegram, or Reddit, then check the market, find a contract, open a wallet, prepare gas, and finally trade. Fomo pushes these links into a feed: users first follow people, see what friends or leading traders have bought, and then directly complete the transaction; complicated steps such as Apple Pay, cross-chain, and Gas are hidden in the background as much as possible. As a result, Fomo is more like a “social product with transaction features” rather than a “wallet with social features.” Galaxy Research analyst Will Owens studied this trend and said that the trading interface is shifting from revolving around “charts” to revolving around “people.” In the past, users first found an asset and then studied it; now they may first focus on the trader and then discover the asset from his behavior. Fomo isn't the only company seeing this opportunity, though. Robinhood has launched a beta version of Robinhood Social this year, where users can follow other investors, view real and verified trades and returns, and trade stocks, options, crypto, and prediction markets directly from the feed. Coinbase's Base App has also put social feeds, transactions, payments, and app discovery into the same product. Users can follow traders and copy transactions. Phantom, on the other hand, relies on the stock advantage of more than 20 million users and is adding features such as Trending Tokens, Top Traders, perpetual contracts, and predictive markets. Everyone is starting to do the same thing, which shows that “social+trading” is becoming the direction of joint competition for retail trading products. Pump is in a hurry and is starting to target Fomo users? Originally, the two were not direct rivals. Recently, however, a “gagging agreement” has been circulating in the community: FOMO community user CLR announced a user migration agreement supposedly from Pump.fun. Allegedly, eligible Fomo traders can receive a one-time signing bonus of $20,000 and a fixed monthly remuneration of $30,000, but they need to transfer funds and positions, use an exclusive wallet, bind to an X account, and close the Fomo account while meeting minimum transaction volume requirements. Currently, Pump.fun has not publicly confirmed this agreement. If the agreement is true, one detail is worth noting: According to the disclosure, the minimum monthly transaction volume requirement for subscribers is only $25,000, or 25% of the previous average monthly trading volume of Fomo. If you only calculate the minimum threshold, the monthly remuneration of 30,000 US dollars clearly cannot be covered by the processing fee generated by this user himself. This means that what Pump is really willing to spend money on is probably not the individual trading volume, but the public identity, followers, and subsequent transactions behind the trader. The two projects actually do different things. Fomo starts with “people and content”: first establishing relationships with feeds and traders, then directing traffic to assets; Pump starts with issuing tokens and then expands to swap and trading terminals. One is more biased towards demand and distribution, and the other is more focused on asset supply and trading infrastructure. But when both parties start to make love...

10d agoWendy#FOMO #MEME #Pump.fun #Robinhood #transactions

With a four-day increase over March, how fast is Wall Street's FOMO running this time?

Author: Huohuo Original title: The FOMO market on Wall Street continues to heat up. How can the four-day rise exceed the three-month fluctuation? After the market closed on August 4, Wall Street saw an acceleration that was hard to ignore. The S&P 500 index had a cumulative increase of 5.8% over the four trading days up to that day. According to Reuters, the options market also showed excessive readings, which have been rare for at least four years. An increase in itself does not equal FOMO. What really makes this round of the market different is how fast the price is moving upward, and what kind of price code the options market shows for both upward and downward risks. Closing data included by FRED on August 4 also showed that the stock market continued to rise, and the VIX volatility index, which measures expected fluctuations, was also rising at the close. Optimism has not dampened the volatility. Why does four days seem longer than three months? According to the daily closing data of the S&P Dow Jones Index included in FRED, the US Federal Reserve Bank of St. Louis economic database, in the same closing caliber, the upward movement in these four days has slightly exceeded the point difference between the highest and lowest closing in the previous three months. Putting the two changes side by side does not mean treating four-day earnings and the three-month high and low range as the same indicator. The former is direction, and the latter is scope. They fell on the same scale in order to clearly see a change in the pace of a transaction. The closing price fluctuation band formed over several months was crossed by a unidirectional movement of four trading days. The price path itself doesn't prove the psychology of every participant. What it can show is that four consecutive trading days closed upward, which quickly raised the price of subsequent entry. Reuters summed up the phenomenon of traders chasing this round of gains as FOMO. The speed in the chart is exactly this statement that can be put back to the price series test part. How rare is this in the past ten years to use FRED's self-rolling calculation of the S&P 500 daily closing data for the past ten years to obtain 2,504 four-day windows. The 5.7458% increase in this round is in the 99.32nd quartile, and it has already fallen into the sparse area on the far right side of the chart. Based on data included in FRED, only 18 windows had four-day increases of at least this level, including this round. This four-day range is uncommon. Bullishness and risk aversion, how did the S&P Dow Jones Index and Chicago Options Exchange Cboe closing data recorded by FRED appear at the same time. The S&P 500 rose 1.79%, and the VIX closed up 4.04%. The two prices are in the same direction, which at least indicates that at the end of the day's trading, the market did not completely lower the price of future fluctuations. The bullish bias for short-term options hit a two-year high, according to Reuters. According to data from options data agency Trade Alert, the monthly average daily S&P 500 bullish/bearish ratio is 0.9, which is in the highest range in at least four years. Twitter: https://twitter.com/BitpushNewsCN比推 TG Community: https://t.me/BitPushCommunity比推 TG Subscriptions:... https://t.me/bitpush

10d agoburnking#AI topics