Fomo co-founder rules out new token or Pump.fun rival, citing a market already flooded with coins

Se Yong Park says the social trading app wants to build strong trading communities, not add to the pile of tokens on Solana On October 25, 2026, Se Yong Park, co-founder of the social trading app fomo, pushed back on rumors that the company planned to launch a Solana -based token platform or take on Pump.fun directly. His reasoning was simple: the market already has too many tokens. Park’s comments targeted two specific rumors. The first was that fomo would roll out its own token launch platform on Solana. The second was that it intended to compete head-to-head with Pump.fun, the chain’s best-known memecoin launchpad. He denied both. According to Park, fomo’s core mission is helping strong trading communities grow, not minting fresh coins.

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