Update
FOMO App Fees Impact Wallet Outcomes on Solana
A study by blockchain data provider Bitquery found that 15% of 829,539 wallets in the FOMO app on Solana were profitable before FOMO fees, and 10% were profitable after. However, FOMO fees pushed 32% of the pre-fee winners below break-even. The study, conducted from January 13 to October 7, 2026, analyzed wallets that bought coins through FOMO on Solana. FOMO Labs operates the app, which allows users to follow other traders and decide whether to place their own trades. The study measures wallets, not individual people, and covers only Solana.