Why do people say that 牛来 might be a case of Fomo leveraging Pumpfun for marketing through trading entry points? I traced the on-chain funds and found a very interesting pattern. Among the top 11 profit-making addresses for 牛来, 7 of them purchased via Relay cross-chain. Currently, these 7 addresses collectively hold about 85.51 million tokens, accounting for 8.55% of the total token supply. Looking at GMGN, all these tokens were transferred from the same address: 0xb92fe925dc43a0ecde6c8b1a2709c170ec4fff4f This address isn’t a regular wallet but the RelayRouterV3 contract of Relay. Digging deeper into Relay requests, I found that 6 out of the 7 addresses share the same referrer=fomo, and the application fees also flow to the same Fomo fee address. In other words, these 6 transactions didn’t just use the same cross-chain protocol—they accessed Relay through the Fomo trading app to purchase 牛来 cross-chain from Solana. Here are the 6 addresses: 0x03ba951f72e59899ac8dab30cb5624dbe5d52bb8 0xcbaea88c17888e3c7b84117bd6ebbdbf4f95b810 0x5a036136290afa666f012ad6dc2ee48aef46998e 0xb0e9dcce59a1526c4277168a2505993d303f6060 0xa37cd19f9a6fdcc323ba42fa498807b4212222f3 0x0121525f755c9e7bbc525bba6672716ab46ced57 If we expand the sample size, there might be even more similar Fomo + Relay purchase paths. This data at least shows that among the early high-profit addresses for 牛来, funds from Fomo users or Fomo channels account for a significant proportion, with concentrated purchase times and similar paths. Can we directly conclude “Fomo is manipulating the market” based on this evidence? Not yet. Sharing the same DApp and cross-chain protocol doesn’t necessarily mean these wallets are controlled by the same entity. But from a marketing perspective, this on-chain result is worth noting: A batch of funds entered via Fomo cross-chain, forming early holdings and a wealth effect for the new token; the trading data then becomes a case study for Fomo to showcase its cross-chain token purchasing capabilities. The battle for trading entry points ultimately comes down to using profit-making effects to attract users. If 牛来 continues to generate high-yield examples, the real beneficiaries might not just be the token itself but also Fomo, standing at the trading entry point.