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. Users can follow other traders and decide whether to place their own trades; following an account does not automatically copy its orders. The study measures wallets, not individual people, and covers only Solana. Bitquery’s comparison holds the wallets, trades and valuation method constant.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CryptoSlate.