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Sahil Arora says he plans to repeat his 2024 celebrity-token strategy on Fomo, a Solana launchpad with social-trading features. The first test—a Floyd Mayweather-linked token promoted on Mayweather’s social account in October 2026—briefly reached about a $1 million market capitalization before losing 96% in roughly three hours. Arora claimed seven-figure profits, but wallet analysis cited by Decrypt estimated much smaller gains.
What happened to the Mayweather-linked token?
According to Decrypt’s October 14, 2026 report, a token on Solana was launched through Fomo and promoted by Floyd Mayweather’s social account on October 13 or 14. The promotional posts were later deleted. The token’s market capitalization climbed to approximately $1 million, then fell 96% over about three hours.
Decrypt also reported that the deployer wallet sold tokens for roughly $5,000 before the larger price move. That is reported wallet behavior, not proof by itself of who controlled the account, why the sale occurred, or whether the promotion was coordinated.
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Did Arora really make millions?
Arora claimed the launch produced seven-figure profits and said the apparent missed upside was part of an orchestrated narrative. Bubblemaps gave Decrypt a different estimate based on connected wallets: the largest connected wallet cluster made approximately $105,000, while the top 100 traders together made about $306,000.
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| Claim or estimate | Amount | Attribution and qualification |
|---|---|---|
| Peak market capitalization | Approximately $1 million | Reported by Decrypt for the Solana token in October 2026 |
| Largest connected wallet cluster | Approximately $105,000 | Bubblemaps estimate cited by Decrypt |
| Top 100 traders combined | Approximately $306,000 | Bubblemaps estimate cited by Decrypt |
| Arora’s claimed profit | Seven figures | Arora’s claim; the report does not establish it independently |
These figures are not interchangeable. Market capitalization is the token price multiplied by circulating supply; it is not cash withdrawn by the promoter. Wallet-cluster estimates depend on identifying related addresses and tracing transactions, while Arora’s statement is a personal claim. The available figures therefore do not substantiate a verified multimillion-dollar payout.
What Arora means by a “second wave”
After the launch, Arora told Decrypt that it marked the beginning of another wave and that he intended to use Fomo for revised strategies. His stated plan was:
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“We will recreate everything on Fomo that we made on Pump.fun in 2024, just with better strategies where people also win.”
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That statement describes an intention, not a guarantee that future buyers will profit or that launches will be legitimate. It also does not identify the tokens, celebrities, timing, wallet arrangements or disclosure practices that a future campaign would use.
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How Fomo differs from Pump.fun
Decrypt describes Fomo as combining social-media functions with visible trading activity. Users can watch buying and selling and follow narratives as they spread. That design can make a token’s momentum easier to observe, but it can also accelerate herd behavior when a celebrity post goes viral.
| Comparison point | Pump.fun episodes associated with Arora | Fomo launch described in the report |
|---|---|---|
| Venue | Pump.fun, associated with Arora’s 2024 activity | Fomo, a social-trading launch platform |
| Promotion | Celebrity-linked campaigns reported in 2024 | Mayweather’s account reportedly promoted the token; posts were deleted |
| Blockchain | Not stated for every earlier project in the report | Solana |
| Reported peak and drawdown | Not stated in the available account | About $1 million market cap, followed by a 96% fall in roughly three hours |
| Profit evidence | Not stated in the available account | Bubblemaps estimated about $105,000 for the largest connected cluster and $306,000 for the top 100 traders combined |
The key practical difference is visibility: Fomo’s social feed and trading signals may make activity more legible in real time, but they do not verify a project’s reserves, ownership, celebrity authorization or investor protections.
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Is this another rug pull?
The report links Arora to the Caitlyn Jenner coin and other celebrity-linked projects that attracted scam or rug-pull accusations. Those are allegations, not a legal finding. A 96% collapse, deleted promotional posts and concentrated wallet activity are warning signs for traders, but they do not alone prove that a specific launch was an intentional rug pull.
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- Verify that a celebrity’s post is still available and identify any sponsorship or payment disclosure.
- Check the deployer and related wallets on-chain rather than relying on screenshots or influencer claims.
- Compare liquidity, holder concentration and sell transactions before buying.
- Treat a rapidly rising market cap as an unrealized figure, not evidence of available profits.
- Assume that a token can become illiquid or lose most of its value within minutes.
Why Mayweather’s earlier promotions matter
Mayweather’s history adds regulatory context. Decrypt reported that he promoted Centra Tech’s 2017 initial coin offering, which raised $32 million while falsely claiming backing from Visa and Mastercard. The U.S. Securities and Exchange Commission later charged Mayweather with promoting the sale without disclosing payment. He agreed to a fine and a three-year prohibition on promoting securities, according to the report.
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Decrypt also recounted his 2021 promotion of EthereumMax and said he was named with Kim Kardashian in litigation that a judge dismissed by the end of 2022. Those events do not establish that the 2026 Solana token violated securities law, but they explain why disclosure and authorization deserve scrutiny whenever a celebrity promotes a crypto asset.
Timeline
- 2024: Decrypt associated Arora with celebrity meme-coin launches on Pump.fun, beginning with a Caitlyn Jenner token.
- October 13–14, 2026: Mayweather’s social account reportedly promoted the Fomo token; it reached its reported peak and then collapsed.
- After the launch: Arora told Decrypt that Fomo would host a new wave using revised strategies.
What readers should conclude
Arora is publicly signaling an attempt to recreate his Pump.fun-era celebrity-token activity on Fomo. The Mayweather-linked launch demonstrates how quickly a celebrity narrative can move a Solana token—and how quickly that value can disappear. The available wallet analysis challenges the claim of verified seven-figure profits, and nothing in the report establishes that future participants will “also win.”
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