BlockBeats News, August 9th – Recently, several crypto KOLs revealed that the meme launch platform pump.fun offered a generous hiring bonus to FOMO users of a rival platform ($20,000 signing bonus + $30,000 per month) to migrate to its App. The agreement also includes strict migration terms and payment conditions, such as requiring users to transfer funds and positions, use a dedicated wallet, publicly declare it as their sole wallet, permanently delete their FOMO account, refrain from using the wallet on competing platforms, and includes a non-defamation clause.

This controversial poaching incident occurred against the backdrop of pump.fun's dwindling revenue and FOMO's soaring income. According to DefiLlama data, pump.fun has generated $6.49 million in revenue in the past 7 days, indisputably ranking first but facing relentless pressure from its pursuers. FOMO's revenue in the past 7 days was $2.64 million, experiencing rapid growth since July, reaching record highs. Additionally, the meme coin Flap, which has performed well on both the BSC and Robinhood chains, recorded $1.39 million in revenue.

Therefore, considering pump.fun's recently launched social trading feature, it is evident that pump.fun is now offering a lucrative poaching agreement to stifle its fast-growing competitor. It is important to note that despite the controversy, crypto lawyer Ariel Givner's analysis indicates that pump.fun's actions do not violate any laws or regulations and represent a classic business transaction.