egu@berkeley.edu

# Pump.fun Investment Evaluation: The Memecoin Infrastructure Play ## TL;DR **Investment Case**: Pump.fun has built dominant memecoin infrastructure on Solana with $828M revenue run-rate and 95% market share, but faces sustainability questions amid cooling speculation. The platform generates $1M daily revenue while returning capital via $160M+ buybacks, creating a deflationary value proposition. However, regulatory risks, ethical controversies, and 98.6% token failure rates present significant

# FOMO Trading App – Comprehensive Project Review (as of 31 Oct 2025 UTC) ## TL;DR FOMO is a mobile-first, self-custodial social trading app that lets users buy, sell and copy-trade tokens across Solana, Base and BNB Chain with one-click Apple/Google Pay onboarding, gasless swaps and real-time social feeds. Publicly launched in May 2025, it has surpassed **100 k+ active users, $880 k 30-day fees and ~29 k X followers** without issuing a token. A $2 m angel round (Feb 2025) funded rapid produc

# How the FOMO Trading App Makes Money (as of 31 Oct 2025 UTC) ## 1. Transaction-Based Core Revenue | Component | Detail | Effective Take Rate | |-----------|--------|---------------------| | Flat trading fee | **0.50 %** on every buy or sell executed through the mobile app | 100 % credited to FOMO | | Minimum fee safeguard | **$0.95** minimum to ensure micro-trades remain profitable | Raises effective rate on very small orders | | “Token Rent” | One-time ~$0.01–0.05 fee the first time a user