Pump.fun is writing checks to steal its rival’s best traders. Leaked contract details show the Solana-based memecoin launchpad is offering top traders and key opinion leaders from competitor FOMO a $20,000 signing bonus and $30,000 in monthly payments to switch platforms exclusively.
What the contracts actually require
The leaked agreements, which surfaced publicly around August 8, lay out a clear set of obligations for anyone taking the money. Recruits must fully migrate their existing funds and positions to Pump.fun, close their FOMO accounts entirely, and trade exclusively through a new Pump.fun wallet.
There’s also a social media component. Traders are required to link their public X accounts, effectively tying their online identity to the platform. A minimum monthly trading volume of $25,000 is baked into the deal.
The exclusivity clauses raise a separate question. When a trader who makes public recommendations is contractually bound to a single platform, the line between genuine market commentary and paid endorsement gets blurry fast. Legal observers have noted that such recruitment structures are generally permissible within the industry.
