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. The change is whether recorded USDC payments to FOMO are subtracted. The 32% figure refers to wallets that were ahead before those fees, not to 32% of everyone in the study.The 15% and 10% shares are rounded, so the size of that pre-fee winning group cannot be reconstructed precisely from the chart. The 32% crossover is Bitquery’s separately reported result.For each wallet, the stud...