Sahil Arora Plots Celebrity Meme Coin Comeback on Fomo
Sahil Arora claims he orchestrated a Mayweather-linked meme coin, but Bubblemaps says his seven-figure profit claim doesn't add up.
Sahil Arora says he's behind the Floyd Money Mayweather token and plans more celebrity coin launches on Fomo. Onchain analytics firm Bubblemaps says his seven-figure profit claim doesn't add up.
Sahil Arora, the promoter behind a string of 2024 celebrity meme coins, says he's not done. Decrypt reports that Floyd Mayweather's social accounts briefly promoted a Solana-based token called Floyd Money Mayweather.
What happened
Arora claims he orchestrated the promo. Decrypt writes that the Mayweather accounts first posted about the token on Monday. Later in the same article, it says the token peaked around $1 million in market value before falling 96% over the next three hours on Wednesday. That timing is not consistent in the source.
Arora told Decrypt he wants to revive the celebrity coin craze on Fomo, a Solana trading platform that mixes social media features. He said he is "tight" with celebrities he launches tokens with and that convincing them is "really easy."
The numbers in dispute
Arora says he made seven figures from the Mayweather token. Onchain analytics firm Bubblemaps told Decrypt that doesn't look realistic. The biggest connected cluster of wallets profited about $105,000, and the top 100 traders combined made $306,000.
Arora has faced accusations of scamming celebrities and running projects labelled as "rug pulls" — quick cash-outs that leave other holders with losses — since a 2024 Caitlyn Jenner coin. Jenner later claimed Arora "scammed" her. Mayweather did not respond to Decrypt's request for comment.
The takeaway: A notorious promoter says another celebrity token wave is coming, but independent analysts say his latest profit claims don't add up.
Summary written by Oh Cannot from the original report by Decrypt. Not financial advice.
