Sahil Arora, who promoted a series of celebrity meme coins on Pump.fun in 2024 and was accused of "rug pull" behavior, stated that the new trading platform Fomo offers new strategies that will help him revive the celebrity meme coin craze. Arora recently launched a Floyd Mayweather meme coin on Fomo, which plummeted 96% in three hours on Wednesday (October 14). Arora claimed to have profited seven figures through other wallets, but on-chain analytics firm Bubblemaps believes his largest associated wallet profited approximately $105,000.