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 study combined sale proceeds with the value of unsold coins on Oct. 7, then deducted acquisition spending and FOMO fees. It also included trades those same wallets made outside the app in the coins being followed. The result is broader than app-only sales and includes marked holdings that had not been sold.

The comparison measures a fee’s accounting impact. Trading behavior under a different price schedule remains untested: cheaper charges could accompany different choices of coins, timing or trading frequency, with different results.

A narrow positive result is especially exposed: the recorded app charges can exceed the entire gain. This explains how fees can change who crosses break-even while still accounting for a minority of the money lost.

The historical charges cannot be carried forward as one universal price. Bitquery observed a most common fee of 95 cents through July and 10 cents from August in its wallet study. FOMO’s current fee schedule, checked Oct. 29, describes several Solana routes with different minimums.

On its lowest-fee route, the published charge is 0.1 USDC below 5 USDC, 2% from 5 to 47.5 USDC, 0.95 USDC from 47.50 to 190 USDC, and 0.5% from 190 USDC upward. Other routes charge 0.5% with a 0.95-USDC minimum. FOMO says route availability changes between trades.

For a small order, the minimum can matter more than the headline percentage:

The examples illustrate the published standard schedule before discounts; actual charges depend on the route and token. The app also lists a 0.05% rate for selected major tokens with small-trade minimums, and advertises referral discounts. Those exceptions make the transaction’s own quote important.