Pump.fun offers $20K upfront, $30K monthly to attract top traders from rival FOMO

Pump.fun is writing checks to steal its rival’s best traders. Leaked contract details show the Solana-based memecoin launchpad is offering top traders and key opinion leaders from competitor FOMO a $20,000 signing bonus and $30,000 in monthly payments to switch platforms exclusively. What the contracts actually require The leaked agreements, which surfaced publicly around August 8, lay out a clear set of obligations for anyone taking the money. Recruits must fully migrate their existing funds and positions to Pump.fun, close their FOMO accounts entirely, and trade exclusively through a new Pump.fun wallet. There’s also a social media component. Traders are required to link their public X accounts, effectively tying their online identity to the platform. A minimum monthly trading volume of $25,000 is baked into the deal. The exclusivity clauses raise a separate question. When a trader who makes public recommendations is contractually bound to a single platform, the line between genuine market commentary and paid endorsement gets blurry fast. Legal observers have noted that such recruitment structures are generally permissible within the industry. Why Pump.fun is spending aggressivel...