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Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →Yes. Sahil Arora says he plans to recreate his 2024 celebrity-token playbook on Fomo, a social trading launchpad. His latest test was a Solana meme coin promoted by Floyd Mayweather’s social account on October 13–14, 2026. Decrypt reported that the token briefly reached about a $1 million market capitalization before losing 96% in roughly three hours. Arora described the episode as the start of another wave, but blockchain-analysis estimates do not support his claim of seven-figure profits.
What happened to the Mayweather-linked meme coin?
The launch and promotion
Decrypt reported that a social account belonging to Floyd Mayweather promoted a Solana token launched on Fomo. The promotional posts were later deleted. Arora claimed responsibility for the token and said the launch was part of a broader strategy to bring celebrity-driven meme coins to Fomo.
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According to the report, the deployer wallet sold tokens worth roughly $5,000 before the larger market move. That is reported wallet behavior, not independent proof of why the sale occurred or who controlled every related address.
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The token’s market capitalization briefly reached approximately $1 million, then fell 96% over about three hours. The speed and size of that decline are consistent with the extreme liquidity and concentration risks common in newly launched meme coins, but the reported data alone does not establish criminal intent or prove that every participant acted together.
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Did the promoter really make millions?
Arora claimed he earned profits in the seven-figure range and said the apparent missed upside was part of an orchestrated narrative. Bubblemaps gave Decrypt a substantially lower estimate based on connected-wallet analysis:
| Claim or estimate | Amount | Attribution and qualification |
|---|---|---|
| Arora’s claimed profits | Seven figures | Arora’s own statement; not independently verified in the report |
| Largest connected wallet cluster | Approximately $105,000 | Bubblemaps estimate reported by Decrypt in 2026 |
| Top 100 traders combined | Approximately $306,000 | Bubblemaps estimate reported by Decrypt in 2026 |
Those figures measure different things: a claimed personal return versus estimated gains across wallet groups. The gap means readers should not treat the seven-figure statement as an established result. On-chain estimates can also miss activity conducted through wallets that cannot be reliably linked, so they are evidence about visible transactions rather than a complete financial audit.
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What Arora means by a “second wave”
After the launch, Arora told Decrypt: “We will recreate everything on Fomo that we made on Pump.fun in 2024, just with better strategies where people also win.”
That is a stated intention, not evidence that a new series of tokens has already launched or that buyers will share in any profits. In this context, “second wave” means repeating the celebrity-meme-coin model associated with his 2024 activity while changing the tactics used on Fomo.
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How Fomo differs from Pump.fun
Decrypt describes Fomo as a platform that combines social-media features with trading visibility. Users can see buying and selling activity alongside viral narratives, making the social reaction part of the trading experience. Pump.fun is the venue Arora associated with his earlier 2024 launches.
| Factor | Pump.fun playbook | Fomo approach |
|---|---|---|
| Primary identity | Launch venue used in Arora’s 2024 celebrity-token activity | Social trading platform with visible market activity |
| How narratives spread | Tokens and promotion circulate through external social channels | Social features and trading visibility are integrated on the platform |
| Arora’s stated plan | Recreate the 2024 model | Apply revised strategies intended to let participants “also win” |
| Risk implication | Early liquidity and promotional attention can drive sharp moves | Visible trades and viral posts may accelerate herd behavior |
Showing trades in a social feed can improve transparency about activity, but it does not verify a promoter’s identity, prove that wallets are independent, or guarantee sufficient liquidity for an exit.
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How this fits Arora’s earlier record
Decrypt linked Arora to celebrity meme-coin launches beginning with a Caitlyn Jenner token in 2024. The report also described other celebrity-linked projects that attracted scam or rug-pull accusations. Those descriptions are allegations reported by Decrypt, not findings that establish liability in every case.
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1Clear out junk files and repair common Windows errors2Fix the driver behind crashes, sound loss and screen glitches3Repair Windows errors before they cause bigger problems| Period | Episode | What is established in the report |
|---|---|---|
| 2024 | Caitlyn Jenner token and related celebrity launches | Arora became associated with these launches; some projects drew scam or rug-pull accusations |
| October 13–14, 2026 | Mayweather-linked Solana token on Fomo | Mayweather’s account promoted it, posts were deleted, and the token suffered a steep reported decline |
| After the 2026 launch | Proposed Fomo “second wave” | Arora said he intended to repeat the Pump.fun playbook with revised strategies |
Why Mayweather’s regulatory history matters
The promotion also revived scrutiny of Mayweather’s earlier cryptocurrency endorsements. Decrypt reported that he promoted Centra Tech’s 2017 initial coin offering, which raised $32 million while falsely claiming backing from Visa and Mastercard. The Securities and Exchange Commission later charged Mayweather with promoting the sale without disclosing compensation. He agreed to a fine and a three-year prohibition on promoting securities, according to the report.
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Decrypt also recounted Mayweather’s 2021 promotion of EthereumMax and said he was named alongside Kim Kardashian in litigation that a judge dismissed by the end of 2022. A prior enforcement action or dismissed lawsuit does not by itself determine whether the 2026 token promotion violated a law, but it explains why disclosure and endorsement claims receive heightened attention.
Is this another rug pull?
It is too early to make that definitive label from the reported facts. The token’s 96% drawdown, deleted promotional posts, wallet activity and conflicting profit claims are material warning signs. They do not, on their own, prove that the launch was designed as a rug pull.
Before treating a celebrity-promoted token as an investment, check the contract address, liquidity position, holder concentration, deployer-wallet transactions and whether the celebrity actually disclosed compensation. A viral post is not a substitute for those checks, and a visible trade feed cannot eliminate the possibility of coordinated wallets or rapidly vanishing liquidity.
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