Multiple crypto KOLs have revealed that meme launchpad pump.fun is offering rival FOMO's users a $20,000 signing bonus plus $30,000 per month to migrate to its app. The deal reportedly comes with strict terms: users must transfer their funds and positions, use a dedicated wallet and publicly declare it their only wallet, permanently delete their FOMO accounts, avoid using the wallet on competing platforms, and accept a non-disparagement clause. The controversial poaching effort arrives as revenue fortunes diverge. DefiLlama data shows pump.fun earned $6.49 million over the past seven days — still the undisputed No. 1 — while FOMO has climbed to $2.64 million since July, repeatedly hitting new highs. Flap, buoyed by the stock-coin meme wave on BSC and Robinhood Chain, brought in $1.39 million. Coming right after pump.fun launched social trading features this week, the recruitment push reads as an attempt to crush fast-rising rivals in the cradle. Crypto lawyer Ariel Givner said the move, however contentious, does not violate any laws and is a classic commercial transaction.
BlockBeats, Aug. 9 — Multiple crypto KOLs say meme launchpad pump.fun has been courting users of rival FOMO with a hefty offer: a $20,000 signing bonus plus $30,000 per month, on the condition that they move to pump.fun's app.
The arrangement carries strict migration and payment terms:
- Users must transfer their funds and positions;
- They must use a dedicated wallet and publicly declare it their only wallet;
- They must permanently delete their FOMO accounts;
- The wallet cannot be used on competing platforms;
- A non-disparagement clause applies.
The controversial poaching push lands as revenue trends diverge sharply. DefiLlama data shows pump.fun brought in $6.49 million over the past seven days — still the undisputed No. 1 — but the pressure from pursuers has never let up. FOMO generated $2.64 million in the same period, climbing fast since July and hitting fresh highs along the way. Flap, which has ridden the stock-coin meme wave and performed well on both BSC and Robinhood Chain, earned $1.39 million.
Coming on the heels of the social trading feature pump.fun introduced this week, the timing of the offer suggests the platform is looking to crush fast-growing rivals in the cradle. The tactic has drawn criticism, but crypto lawyer Ariel Givner said pump.fun's move does not violate laws or regulations — it is, in his view, a classic commercial transaction.
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