FOMO app fees turn 32% of profitable Solana wallets into losers after costs

A study of 829,539 Solana wallets that bought coins through FOMO from January to October 2026 found that 15% were profitable before fees, dropping to 10% afterward. Bitquery data shows 32% of pre-fee winning wallets crossed below break-even due to fees, which accounted for about 10% of aggregate losses, with most losses stemming from token trades themselves.