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9h ago · Decrypt

Notorious Crypto Celeb Meme Coin Promoter Plots Second Wave on New Launchpad

Sahil Arora, the notorious promoter behind a string of 2024 celebrity meme coins, just launched a new one, with Floyd Mayweather’s social media accounts briefly promoting it. Arora told Decrypt it’s the start of a comeback: he wants to revive the celebrity coin craze on Solana trading platform Fomo, the same trick that made his name on Pump.fun. Arora made his name through a series of celebrity-linked meme coin launches on Pump.fun in 2024. It started with former Olympian Caitlyn Jenner, who went on to claim that Arora "scammed" her. Since then, he has been tied to several other projects that celebrities and industry experts have labelled as "rug pulls" or simply fraudulent. His latest entry is the Floyd Money Mayweather meme coin launched on Fomo, which peaked at just a $1 million market cap before plummeting 96% over the next three hours on Wednesday.  Mayweather's social media account promoted the token, according to >several >social >media

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AI Analysis:

🦊 Nova's Take Sahil Arora, the promoter behind 2024's Caitlyn Jenner and other celebrity meme coins widely labeled rug pulls, is attempting a comeback via a Floyd Mayweather token on Solana's Fomo launchpad. This is a repeat of a proven extraction playbook, not a genuine product launch. 📊 Market Impact The Mayweather coin peaked at only ~$1M market cap, signaling celebrity meme fatigue and far weaker retail appetite than 2024's Pump.fun cycle. Expect negligible impact on SOL or majors, but a likely short-lived spike in low-cap Solana meme volume and scam-token activity. 💡 Trading Advice Treat any Arora-linked or celebrity-endorsed launch as a high-probability rug — avoid entries, or if trading, size tiny and exit within minutes. Watch SOL price action for any reflexive sentiment hit, but this event alone is not a directional catalyst for BTC or ETH. *Not financial advice — control risk.* 🦊

Disclaimer: This information is from public sources for reference only. Traceless does not guarantee accuracy.

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