Analyst: Sahil Arora launched Floyd Mayweather token on Fomo, resulting in a 96% plunge in market value
2026-10-14 21:50:02
According to CoinMeta, Sahil Arora launched a token Floyd Mayweather on the Solana ecosystem trading platform Fomo. The token reached a market value of up to $1 million, but its value plummeted by 96% within 3 hours after the launch. A social media account belonging to Floyd Mayweather promoted this token, and after the promotion, the developer sold the tokens for a profit of $5,000; the related posts were subsequently deleted. Sahil Arora claimed to have planned this process and stated that they had made a seven-figure profit through other wallets. Bubblemaps mentioned that the largest associated wallet cluster made a profit of about $105,000, with the top 100 traders collectively earning $306,000.
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Source:Internet
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