Sahil Arora claims responsibility for Floyd Mayweather meme coin launch on Solana

Floyd Mayweather's social media accounts promoted a Solana-based meme coin, which reached a $1 million market cap before plummeting 96% over three hours on Wednesday. Sahil Arora, a celebrity coin promoter known for 2024 meme coin launches like the Caitlyn Jenner coin, claims this launch is the start of another wave on the Fomo platform. Arora stated the scheme was orchestrated, suggesting Mayweather's perceived 'fumbling' pushed the price higher, while on-chain analytics firm Bubblemaps noted the biggest connected cluster of wallets profited approximately $105,000, contradicting Arora's claim of seven-figure profits.