FOMO Platform Fees Cause 32% of Profitable Wallets to Turn Loss-Making on Solana
Current overview (not historical)
The FOMO platform introduced trading fees on the Solana blockchain, causing 32% of wallets that were profitable before fees to turn loss-making afterward. Analysis of 829,539 wallets purchasing tokens between January 13 and October 7 revealed that the fee-free profitability rate dropped from 15% to 10%. Bitquery data indicates that each wallet spent an average of $130 to buy tokens and paid approximately $4 in FOMO fees, resulting in an overall average loss of $25 per wallet.
Written with AI from the reporting · updated 10/29/2026
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- 1Unclassified fact stationOct 29, 00:00recorded Oct 29, 22:19single sourcerevised
FOMO app fees erased gains for 32% of pre-fee winning Solana
Read original source ↗ CryptoSlateReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- FOMO
- Action：
- published fee study results
- Object：
- wallet profitability after fees
- Occurred (fact side)：
- Oct 29, 00:00
- Published (valid side)：
- Oct 29, 22:00
- First seen (known side)：
- Oct 29, 22:19
Fact stationSingle source · one-sided claimRevisedCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
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- CryptoSlateRelated fact: single sourceSource report revisedFOMO app fees turn 32% of profitable Solana wallets into losers after costs
Report first recorded Oct 29, 22:19
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.
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- 10Oct 29, 23:00
- 24h change
- -50%
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