why do i lowkey feel like this is ansem 😂
One of crypto's largest KOLs has been secretly extracting millions from his audience
We’ll expose him soon
Unfortunately, he’s just a symptom of a much bigger problem
Social trading has brought out the worst in KOLs. It was designed to keep them honest by making every trade public. In reality, the opposite happened
In just a few weeks, we exposed a number of "top social traders" using the same tricks:
• Public wallets to attract copy traders
• Side wallets to dump
• Callouts to farm rewards
• Bundled tokens to hide supply
And there are plenty more doing the exact same thing
Why? Because our industry incentivizes it
1) Launchpads allow it
Most launchpads today are obsessed with one thing: volume. Millions in callout rewards, affiliate links, and top leaderboards. Almost nothing on detecting bundles, side wallets, or shady traders. Scams drive volume. Launchpads have no reason to stop it (other than actually caring about their users)
2) Social trading incentivizes it
Side wallets have become a business model. Before social trading, only big KOLs could do it. Now, anyone who lands on a leaderboard can monetize by dumping on their copy-traders. The temptation is real
3) CT normalizes bundle culture
“Everyone bundles. It's how it's done" - an excuse we hear every time we expose a KOL. Supply control isn't the problem. Hiding it is. If it's so bullish, why hide it? Spoiler: because you're planning to sell
***
Launchpads are paying millions to dishonest KOLs. It's time they start taking it seriously
Audit the top traders. Expose their side wallets. Ban repeat offenders
We have the tools. What's missing is the willingness to use them
No one's coming to save us
big balls
An update on the Fungo Genesis auction:
We are issuing a total of $84,150 in refunds.
Today, we did not reach the level of participation we were aiming for, and rather than reduce the supply, we have decided not to complete the auction.
This is not an easy message to write. For months, we have put everything into building the infrastructure needed to make encrypted NFTs possible on Ethereum. But the level of participation we saw today was not enough for us to move forward with the sale as planned.
Throughout development, the Zama team provided technical support and helped us build the best system we could deliver today. This does not mean Zama stands behind or endorses our project. FungoLabs is an independent project building in the Zama ecosystem, and all decisions are our own.
The numbers we shared throughout this journey were real. More than 3,000 projects applied to our launchpad, over 12,000 people joined our X campaign, and we received more than 30,000 whitelist applications. We will share a separate breakdown of these numbers soon.
We also want to be transparent about one thing: projects like this cannot run on excitement alone. Infrastructure, servers, onchain activity, and the work of the team all come with real costs. Without enough support, carrying that load is simply not sustainable.
Any payments made by whitelist minters, along with the full amount of every bid, will be refunded. Refunds will be sent directly from the project treasury to your wallets. You do not need to take any action.
Thank you to everyone who gave us their time, believed in what we were building, and supported us throughout this journey. We are sorry we could not meet your expectations.
This is not the end.
We will keep building on Zama.
make sure to connect x > drop your 5 best fungo posts > rewards land at tge
anything posted since nov 1 counts, so you're not late yet
good luck
fungo just broke down who gets the 10b $FUNGO supply
if you hold a genesis nft, a zama og, or you're farming the x campaign, read this
genesis nft holders
> 36% of supply split across 3,232 nfts
> every nft gets the same amount: 1,113,861 $FUNGO at tge
> doesn't matter if you're holding 1 or a rare one, same bag
zama og holders
> 7% of supply, 700m $FUNGO
> same claim rules as genesis
x campaign
> 3% of supply, 300m $FUNGO in the pool
> connect your x on the fungo campaign page
> submit your 5 best fungo posts
> only posts from nov 1, 3pm (lagos time) onward count
> leaderboard drops when the campaign ends, rewards land at tge
team
> 10%, fully locked for 12 months
> then unlocks over 36 months
now the part people will sleep on
you only get 7 days to claim. it's fixed in the contract and anything unclaimed gets burned. no extensions, no "dm support"
you can claim as normal $FUNGO or as cFUNGO if you want privacy.
fungo genesis is a sealed-bid auction
nobody sees your bid, not even fungo
top bids win > everyone pays the lowest winning bid > the rest gets refunded
so bid what it's worth to you, you won't overpay
how much you bidding?
How the Genesis sealed-bid auction works, explained with an example 👇
Imagine only 3 NFTs for sale. Minimum price: 500 cZAMA (example only).
4 people bid 1 NFT each:
→ A: 3,000
→ B: 1,500
→ C: 1,000
→ D: 500 (the minimum)
The top 3 bids win: A, B and C.
All winners pay the same final price, the lowest winning bid: 1,000.
→ A pays 1,000, gets 2,000 back.
→ B pays 1,000, gets 500 back.
→ C pays 1,000.
→ D bid the minimum, gets no NFT, gets 500 back.
Lesson: bidding the minimum doesn't mean you buy at the minimum. Bid what it's worth to you, you'll only pay the final price.
make sure to connect x > drop your 5 best fungo posts > rewards land at tge
anything posted since nov 1 counts, so you're not late yet
good luck
fungo just broke down who gets the 10b $FUNGO supply
if you hold a genesis nft, a zama og, or you're farming the x campaign, read this
genesis nft holders
> 36% of supply split across 3,232 nfts
> every nft gets the same amount: 1,113,861 $FUNGO at tge
> doesn't matter if you're holding 1 or a rare one, same bag
zama og holders
> 7% of supply, 700m $FUNGO
> same claim rules as genesis
x campaign
> 3% of supply, 300m $FUNGO in the pool
> connect your x on the fungo campaign page
> submit your 5 best fungo posts
> only posts from nov 1, 3pm (lagos time) onward count
> leaderboard drops when the campaign ends, rewards land at tge
team
> 10%, fully locked for 12 months
> then unlocks over 36 months
now the part people will sleep on
you only get 7 days to claim. it's fixed in the contract and anything unclaimed gets burned. no extensions, no "dm support"
you can claim as normal $FUNGO or as cFUNGO if you want privacy.
fungo just broke down who gets the 10b $FUNGO supply
if you hold a genesis nft, a zama og, or you're farming the x campaign, read this
genesis nft holders
> 36% of supply split across 3,232 nfts
> every nft gets the same amount: 1,113,861 $FUNGO at tge
> doesn't matter if you're holding 1 or a rare one, same bag
zama og holders
> 7% of supply, 700m $FUNGO
> same claim rules as genesis
x campaign
> 3% of supply, 300m $FUNGO in the pool
> connect your x on the fungo campaign page
> submit your 5 best fungo posts
> only posts from nov 1, 3pm (lagos time) onward count
> leaderboard drops when the campaign ends, rewards land at tge
team
> 10%, fully locked for 12 months
> then unlocks over 36 months
now the part people will sleep on
you only get 7 days to claim. it's fixed in the contract and anything unclaimed gets burned. no extensions, no "dm support"
you can claim as normal $FUNGO or as cFUNGO if you want privacy.
fungo just broke down who gets the 10b $FUNGO supply
if you hold a genesis nft, a zama og, or you're farming the x campaign, read this
genesis nft holders
> 36% of supply split across 3,232 nfts
> every nft gets the same amount: 1,113,861 $FUNGO at tge
> doesn't matter if you're holding 1 or a rare one, same bag
zama og holders
> 7% of supply, 700m $FUNGO
> same claim rules as genesis
x campaign
> 3% of supply, 300m $FUNGO in the pool
> connect your x on the fungo campaign page
> submit your 5 best fungo posts
> only posts from nov 1, 3pm (lagos time) onward count
> leaderboard drops when the campaign ends, rewards land at tge
team
> 10%, fully locked for 12 months
> then unlocks over 36 months
now the part people will sleep on
you only get 7 days to claim. it's fixed in the contract and anything unclaimed gets burned. no extensions, no "dm support"
you can claim as normal $FUNGO or as cFUNGO if you want privacy.
let’s eat, it’s been a while
🟨 $FUNGO X Campaign is live!
Reward pool: 300,000,000 $FUNGO
→ Connect your X on Fungo Campaign
→ Submit your 5 best Fungo posts
Posts from 2026-11-01 14:00 UTC onward count.
Leaderboard revealed when the campaign ends. Rewards hit your wallet at TGE.
fungolabs.org/launchpad/c/cf…










