FOMO Co-Founder Denies Launching Solana Token Launchpad, Says Market Is Already Oversaturated with Tokens

Se Yong Park, co-founder of crypto trading app fomo and X platform user, stated that the market is currently saturated with tokens, and the fomo team has no plans to launch a new token—its goal is to build an ecosystem that supports the long-term growth and prosperity of top-tier communities. Earlier, Park explicitly denied that fomo would list on Solana’s token launch platform and emphasized that the team does not intend to compete with Pump.fun with a similar product.