Only 10% of FOMO app’s Solana wallets were profitable after fees

FOMO, a social trading app, charged fees that pushed 32% of its pre-fee winning Solana wallets below break-even in a historical study by blockchain data provider Bitquery. The wallet-outcome study followed 829,539 wallets that bought coins through FOMO on Solana from Jan. 13 to Oct. 7, 2026. Its figures, checked Oct. 17, put 15% in profit before recorded FOMO fees and 10% afterward. Fees accounted for about 10% of aggregate losses; most losses came from the token trades themselves. The platform is operated by FOMO Labs.

Source: CryptoSlate