The App Turning Memecoins Into Millions

Welcome back to The Warmup.

It’s Friday and the market can’t decide if Bitcoin just topped or if it’s about to send, classic crypto mood swings.

Here’s what we’re watching:

• Market Snapshot

• The App Turning Memecoins Into Millions

• BTC Support Rebound Setup

• Markets Are Running Low on Fuel

Market: Markets are cooling off as we head into the weekend. Bitcoin is holding near $100K support while volatility spikes, hinting at choppy days ahead.

The App Turning Memecoins Into Millions

What’s going on:

A new trading app called Fomo just bagged $17M in Series A funding led by Benchmark, with big names like Raj Gokal (Solana) and Balaji Srinivasan joining in.

Launched only six months ago, Fomo started as a simple memecoin trading app on Solana focused on speed, social interaction, and fun. Users can see leaderboards, follow top traders, and even buy with Apple Pay in seconds.

Now it’s evolved into a multi-chain trading platform, letting people swap millions of tokens without bridges or new wallets.

Since May, Fomo has:

• Gained 120,000 users

• Hit $20–40M in daily volume

• Earned roughly $150K in daily revenue

What it means:

Fomo is part of a growing wave of apps making trading actually enjoyable.

Just like Robinhood won over stock traders with an easy interface, Fomo is doing the same for crypto by focusing on user experience first. Once they nailed memecoins, expansion was inevitable.

The team’s already adding cross-chain trading and teasing new market features on the horizon.

The takeaway is simple: people stick around when trading feels fun and frictionless.

BTC Support Rebound Setup

What’s going on:

Bitcoin is holding steady around the $100K support zone, where price has tapped key liquidity and most indicators are showing oversold conditions.

After several sharp pullbacks, sellers look exhausted, and price action is starting to stabilize, a sign we could be setting up for a recovery.

Heading into the weekend, volatility may slow down, but structure remains constructive for a short-term bounce.

Key levels we’re watching:

• Support: $99K–$101K → strong demand and liquidity sweep zone

• Resistance: $108K → first key hurdle on the way up

• Breakout target: $112K → major level to watch for continuation

• Breakdown risk: Close below $98K would invalidate this setup

Directional Bias: Cautiously bullish

Momentum is building, but bulls need to reclaim $108K–$110K as support to confirm trend reversal.

What we’re waiting for:

• Price to hold above the $100K support area through the weekend

• Follow-through volume confirming recovery momentum

Bitcoin looks oversold and primed for a bounce. If buyers step in, next week could bring a clean rally toward $108K–$112K.

Markets Are Running Low on Fuel

What’s going on:

Something unusual just happened behind the scenes of the U.S. financial system, a few banks suddenly ran short on cash.

The Fed had to step in and hand out around $50B in short-term loans through its emergency “repo” tool. Think of it like the Fed saying, “Here’s some quick cash so you don’t run out of fuel.”

This isn’t a full-blown crisis, but it’s a sign that money in the system is getting tight. A big reason is that the U.S. Treasury has been rebuilding its own cash balance (the TGA), which pulls money out of markets and banks.

Less cash in the system = less liquidity = tougher conditions for both stocks and crypto.

What it means:

Liquidity is the lifeblood of markets. When it flows, prices rise. When it dries up, risk assets struggle.

The good news? The Fed already plans to end Quantitative Tightening (QT) on December 1st, meaning it will stop draining money from the system. Once that happens, and the government starts spending again, liquidity should start flowing back.

When that flip happens, crypto usually reacts first.

So while things feel tight right now, this might just be the calm before another wave of liquidity and another leg higher for risk assets.

Stay patient, keep some dry powder ready, and don’t get shaken out before the tide turns.

• Elixir sunsets deUSD synthetic stablecoin

• Robot Ventures leads $5.2M seed round for Sprinter

• Robinhood cautious on adopting corporate BTC treasury

Fear is spreading across the market, but moments like these often mark the best buying opportunities.

Data still suggests the cycle isn’t over, and 30% pullbacks are a normal part of the process.

Investing is a mental game, those who stay calm and buy when others panic usually come out ahead.

— The Warmup Team

Always do your own research. This newsletter is supplemental material to help educate readers as they make their own decisions. Projects mentioned here are provided to give a potential early-mover advantage.