Pump.fun Poaches Top Traders with Lucrative Offers
Pump.fun, a Solana-based memecoin launchpad, has been aggressively recruiting top traders from its rival FOMO by offering them a lucrative deal. According to leaked contract details, Pump.fun is giving these traders a $20,000 signing bonus and $30,000 in monthly payments to switch platforms exclusively.
The contracts require recruits to fully migrate their existing funds and positions to Pump.fun, close their FOMO accounts entirely, and trade exclusively through the new Pump.fun wallet. Additionally, traders must link their public X accounts, tying their online identity to the platform, and maintain a minimum monthly trading volume of $25,000.
The exclusivity clauses raise concerns about the line between genuine market commentary and paid endorsement, as top traders are contractually bound to a single platform. Legal observers have noted that such recruitment structures are generally permissible within the industry.