: : [Investment/Issue] The Dawn of Public PnL
Written by Ponyo

- Trading has turned into a spectator business, with every trade on apps like FOMO posting to a public feed with its profit attached, and FOMO's daily traders growing from 1,100 to +90,000 in a year.

- Platforms now pay traders the way media companies pay talent, with pump.fun handing creators $483 million and offering top traders $30,000 a month to trade nowhere else.

- Clans, a feature both apps added in August that pools members' positions under one scoreboard, are the early sign of followers organizing into trading groups that recruit on trade history rather than follower counts.

- Public PnL shows who is winning but not what following them pays, since only 6% of 292,531 FOMO wallets finished a 90-day stretch ahead, the median lost $120, and the top accounts' gains are mostly unrealized.

📱 X Post
🌐 Full Article

FP Website | Telegram (EN / KR) | X (EN / KR)