News/Community record

It Lost Its Creator and 98.8% of Its Value. Here Is the Whole FOMOEgg Record.

FOMOEgg, a tiny community-run memecoin, is at its best close since September. The full burn record, the thin-market truth, and what can be checked.

November 5, 2026By the CTO teamFacts as of November 4, 2026, 7:00 p.m. ET

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A huge bonfire with thousands of sparks against the night sky — Illustration from our film.

Tonight, 165,715,221.83 FOMOEgg tokens sit at a dead address on Robinhood Chain, a place no one has ever moved a token out of. That is 16.57% of the one billion ever created.

Most of them were not burned by us. The original creator burned 161,869,488.01. The community wallet has burned 3,845,112.78 since the takeover. Two other wallets burned 621.04 between them.

We are starting with that split on purpose. FOMOEgg just closed at its highest level in six weeks, and a price story is easy to oversell. So this piece gives you the record, including the parts that do not flatter us, and shows you how to check each one.

A CTO is a community takeover: the creator leaves, and holders step in to run the project. We think this may be the greatest CTO comeback in history. That is our opinion, from people with an interest in it. The record below is what you can check.

What the market did today

One glowing ember in cold grey ash — Illustration from our film.

Bitcoin spent election night falling and the next day recovering. It dropped to about $75,700 as US midterm results came in, then climbed back over $80,000. CoinGecko showed $80,613 at 23:48 UTC, up 3.79% on the day, with ether up 6.44% at $2,428.

The explanations are ordinary ones. CryptoTicker lists falling oil, a rally in US stocks and forced closing of bearish bets: $378 million of short positions liquidated in a single hour, per CoinGlass data. Decrypt reports analysts saying the outcome was largely priced in. A one-day bounce is not a trend. Bitcoin remains about 36% below its October 2025 record of $126,080, and the Fear and Greed Index still reads 34, "Fear."

The largest crypto story of the season sits right behind this. On October 29, Binance was hit by a theft it puts at about $6.3 billion. TRM Labs counts $6.36 billion and Chainalysis about $6.4 billion. We covered that one in depth in Five Days Locked Out.

What big money and governments did this week

Institutions were sellers, up to the day of the vote. Farside's table shows US spot bitcoin ETFs losing $643.2 million on October 30, $398.6 million on November 2 and $115.6 million on November 3. That is about $1.16 billion in three sessions, $405.3 million of it from BlackRock's IBIT on one day. Glassnode, as summarized by Coindoo, put the average ETF holder's cost near $81,500, so today's bitcoin price still leaves that group slightly behind.

Corporate buying has shrunk too. Strategy held 848,517 BTC as of an October 25 report, but the latest week in that report showed a purchase of 267 BTC, against single weeks above 20,000 BTC earlier this year. We could not open a filing for this week.

Whales are not one crowd. CryptoQuant reported in mid-October that large holders outside exchanges and mining pools held about 3.03 million BTC, the most since November 2025. On October 28, AMBCrypto reported one whale buying 11,326 BTC worth about $903 million while two others sent $200 million to exchanges. CryptoQuant's own head of research warned earlier this year that exchange wallet shuffling can inflate these readings. We found no wallet-level data specific to election night, so we will not tell you what whales did on it.

Governments are writing rules more than buying coins. The OCC issued its final stablecoin rule on October 21, effective January 18, 2027. The CLARITY Act, the bill meant to define federal oversight of crypto, fell short at 49-50 in the Senate in September, and Decrypt reports that the change in control of Congress makes a quick return to that deal less likely. We found no new government bitcoin purchase reported this week.

Why memes keep drawing people, and how often they fail

Three speckled eggs rolling across ash toward a distant ember — Illustration from our film.

We will not tell you memes are "the next thing." The data supports something narrower: when a new venue opens, memes tend to get there first.

Robinhood built its chain for tokenized real-world assets, with stock tokens available in more than 120 countries. Within nine days of launch, Fortune reported, trading volume went from about $200,000 to over $500 million, mostly memecoins. Robinhood's CEO posted that the chain "works great for memes, too." This is an old pattern at that company: Dogecoin made up 62% of its crypto revenue in the second quarter of 2021.

The reasons people give are not mysterious. In a Kraken survey of 798 US crypto holders in January 2025, 29% said they wanted higher short-term returns and 23% said entertainment. The top reasons for first interest were big price swings, then a recommendation from a friend or relative, then the fun of it. Kraken sells these coins, so weigh that. Our reading, and it is only ours: a memecoin asks for no technical knowledge, costs little to try, and gives you something to talk about with people.

Now the other column.

CoinGecko counted nearly 20.2 million tokens from mid-2021 to the end of 2025 and found 53.2% no longer actively traded, with 11.6 million failing in 2025 alone. That covers all tokens, not only memes.
PumpData studied 13,357,951 Pump.fun launches and found 74.4% had no trade at all in the 24 hours after they turned four hours old.
CoinGecko values the whole meme category at $28.53 billion tonight, against more than $140 billion at the late-2024 peak as reported by Crypto Wire.
Even the famous names are far off their highs: Dogecoin down 89%, Shiba Inu down 94%, Pepe down 82%, per CoinGecko.
Robinhood Chain itself has cooled. DefiLlama shows $575 million of DEX volume on November 3 and $23 billion over the last 30 days, about half of the $47 billion in the 30 days before that, with a $3.63 billion peak day on September 4.

So people keep coming, and most of what they come for does not last. That is the honest shape of this market, and it is the setting for the rest of this story.

The egg

A lone speckled egg half buried in grey ash below an empty nest — Illustration from our film.

FOMOEgg was created on Robinhood Chain on September 19, 2026, at 23:21 UTC, and moved to its main trading pool 39 minutes later. Launch day was enormous for a coin this size: $1.91 million traded in that pool on September 20, which is 90% of everything it has ever traded, and a peak price of $0.000876.

The creator ran a burn from the start. Between September 19 and 26, the creator's wallet sent tokens to the dead address 1,573 times. In the loop we traced on September 24, it claimed creator fees, used part of them to buy the token, and sent what it bought to the dead address. Over 134 million tokens went in roughly the first 25 hours.

Then the work stopped. The old Telegram channel's last post was September 21 and the old X account's was September 22. The last burn from that wallet was September 26 at 01:49 UTC. There is no single day we can honestly call "the day the creator left," so we give you those dates. Holders asked pons, the launchpad, for a takeover. It was approved on September 25, proposed on chain on October 11, and executed on October 14 after a public three-day wait.

The price fell 98.8% from its peak to the low of $0.0000104830 on October 8.

The first community burn came on October 16, about 29 hours after the takeover and 20 days after the old burns stopped.

The burn, split honestly

Blank gold discs falling into tall flames with eggs around the pit — Illustration from our film.

Who sent it	Tokens	Share of all burned	Transactions	When
Original creator's wallet	161,869,488.01	97.68%	1,573	Sep 19 to Sep 26
Community wallet (buy and burn)	3,845,112.78	2.32%	27	Oct 16 to Nov 4
Two individual holders	621.04	under 0.001%	2	Oct 13 and Oct 21
Total at the dead address	165,715,221.83	16.57% of supply	1,602	block 106,302,859

Those transfers add up to the address's on-chain balance exactly, and no transfer has ever left it.

Three more things about our share. Of the 3,845,112.78, a routine accounts for 1,949,890.38 across 24 burns. The other 1,895,222.40 came from three one-time decisions by the CTO team: 1,023,222.40 on October 26, 536,000 on October 29 and 336,000 today, minutes before this reading. The routine has also not been perfectly regular. It burned on 17 of the last 20 days, though without a gap since October 24. And at tonight's price, everything the community has burned is worth about $109. The work is real. It is also very small.

The contract's total supply still reads one billion, because sending tokens to a dead address does not delete them from the count. The community's 500 million target is an aim, not a promise.

What the chart says, and what it does not

A blank gold disc dropping into glowing embers — Illustration from our film.

Reading from GeckoTerminal at the close of the November 4 UTC candle: $0.0000282, up 2.69 times from the October 8 low and up 16.8% in 24 hours. That is the highest daily close since September 23 and the highest price traded since September 26. These are recent highs. The price is still about 31 times below launch day, down 96.8% from the peak.

Now the size of it. Fully diluted value is $28,224 on GeckoTerminal, or $23,569 on DexScreener, which appears to leave out the dead address. The main pool holds about $15,300. Volume in the last 24 hours was $366, from 12 buys and 4 sells by 7 buyers and 4 sellers. The median day since the low traded $243. Six of those 28 days were under $100, and October 9 traded $28.

In a pool this thin, little money moves the price a lot. Our estimate, inferred from pool math and not a measured figure, is that the entire 2.69x took roughly $3,000 of net buying. Part of today's dollar gain is also ether rising, because the pool is paired with it.

And one more reason not to read too much into this. About 176.4 million tokens have left the pool contract since October 8. A single wallet, which held none before October 13, received 85.3 million tokens in six transfers from trading routers, which we read as purchases. That equals about 48% of the net figure. Its two largest, on October 24 and 28, line up with two of the biggest jumps on the chart. We cannot tell from the chain who controls that wallet. Community burns account for only about 2% of the tokens that left. So this rebound is mostly a few buyers in a small pool.

Holder count went the other way: 1,273 today, down from 1,317 at the October 8 low and 1,460 on September 24. Outside the burn address, the pool and the locker, the ten largest wallets hold 33.46% of all supply. The original creator's wallet still holds the 5,681,818.18 tokens it bought at launch, and could sell them.

Who can change what

A small egg at the edge of a huge cold fire pit with one ember glowing — Illustration from our film.

Because "community-run" can hide a lot, here is exactly what we could check.

What no one can do. The token's verified source code has no owner and no mint function, and the chain shows one mint ever, of one billion tokens at creation. There is nothing to renounce, because no owner role exists. The pool position sits in the launchpad's locker contract, and we confirmed the locker still owns it. That contract's verified code has no withdrawal function, and pons's documentation calls the liquidity permanently locked. We read this code ourselves. It is not a professional audit.

What someone can do. The creator fees go to a single wallet, and the CTO team controls it. No token holder votes on how it is used. The burns are not enforced by any contract. They happen because we choose to run them, and we could stop. That wallet can hand the fees to another wallet, and pons can propose a new recipient through a slow public process. So "no one is in charge" would be false. People are in charge, and that includes us.

What is actually different here

A ring of eggs around a stone fire pit as the first flames catch — Illustration from our film.

Plenty of this is not unique. Being a takeover is not: the pons public list shows 41 records, 31 of them completed, and communities like Billy and Neiro rebuilt after their creators stepped back long before us. Burning is not either.

Three things are less common, in our reading, compared with named patterns.

The burn is a choice, not the protocol's default. On pons, the token contract's own notes say bought-back tokens are not burned but locked and vested over five years. Sending purchased tokens to a dead address is something the fee wallet has to decide to do each time.

The record credits someone else. A burn counter on its own would let us take credit for the whole total. We publish that 97.68% of it came from the wallet of the person who left. That is a low bar, and we think more projects should clear it.

The work is public and it keeps going. Since the takeover the community has kept a site running in 12 languages, a free-to-enter race on a published schedule where local rules allow it, and 48 short lessons on checking tokens, with the full guides still being written. On Pump.fun, the concern has run the other way: its co-founder capped post-launch fee changes at one to curb creators redirecting fees after a coin takes off. Our redirect was the slow public kind, with the dates on chain.

None of that gives this coin investment value, and we are not claiming it does. What the community has made is a small project that kept operating after its founder went quiet, and a record you can test. Nobody has reported on it yet, as far as we can find, and nothing here should suggest otherwise. The outlets cited in this article are sources for market facts. None has covered or endorsed FOMOEgg.

Three checks for any coin

An egg rolling along dusty ground with another behind it — Illustration from our film.

Who actually did the thing? Open the dead address on an explorer and sort by sender. If a project claims a burn total, see whose wallet sent it and when.
Who can still change something? Read the contract for an owner and a mint function. Then ask who receives the fees and whether anything forces them to do what was promised.
How much money made that chart? Compare the percentage move with the pool size and daily volume, then see which wallets bought. A big multiple on a small pool may be one person.

You can run all three on us. Start with the dead address, the token page, the takeover record and the free lesson on how to verify a burn. In the dead address's token transfers, the creator's sends come from 0x3143…1ab0 and community burns come through the pool contract 0x8366…0951.

If you cover this part of crypto, ask us the hard questions. If you host a show, come sit with us. If we got a number wrong, tell us and we will correct it in public. Find us at fomoegg.com.

FOMOEgg is a community project, not affiliated with Robinhood, pons or Fomo.

Not financial advice. Memecoins can lose all their value.

Sources

Market and web pages read November 4, 2026. On-chain figures read from the public Robinhood Chain RPC, price figures from GeckoTerminal and DexScreener, at 00:00 UTC November 5, 2026 (7:00 p.m. ET November 4).