Only 10% of FOMO app's Solana wallets were profitable after fees, Bitquery finds
- —15% of wallets were profitable before fees, 10% after
- —Fees pushed 32% of pre-fee winning wallets below break-even
- —Recorded FOMO fees totaled roughly $40 million
- —Median wallet spent $130 on coins, paid $4 in fees, lost $25
Why it matters: The study shows app fees rarely decide outcomes but can erase thin gains for Solana traders, putting the focus on trade selection.
Source: CryptoSlate