Update
Fomo Co-Founder Rules Out New Token or Pump.fun Rival
Fomo co-founder Se Yong Park has denied rumors of the company planning to launch a Solana-based token platform or compete with Pump.fun, a popular memecoin launchpad. Park emphasized that the market already has too many tokens, focusing on helping strong trading communities grow rather than minting fresh coins. Fomo, founded by former dYdX team members, has raised $75 million in a Series B round and operates primarily on Solana, with plans to expand to other platforms. The company has introduced cross-chain bridges to attract users from multiple blockchains, including Pump.fun, which has also expanded to other networks.