Only 10% of FOMO app’s Solana wallets were profitable after fees
Summary
A Bitquery study of 829,539 Solana wallets that traded through FOMO from January to October 2026 found that 15% were profitable before recorded app fees and 10% afterward. Fees pushed 32% of wallets that had been ahead below break-even, while accounting for about 10% of aggregate losses; most losses came from the trades. The analysis included unsold holdings and some trades outside FOMO, and results varied with how remaining tokens were valued. Bitquery’s findings cover a defined Solana wallet cohort and historical fees, not all users or current transaction costs. FOMO’s fees vary by route, order size and token, and the study did not test how traders might behave under lower charges.
