Most traders using the fear of missing out (FOMO) app on Solana finished the year in the red.
Bitquery’s on-chain review of nearly 830,000 wallets shows that nine (9) out of ten (10) ended behind after fees between mid-January and early October 2026.
How Many FOMO App Traders Lost Money on Solana?
Exactly 90% of the 829,539 wallets that bought coins through the app on Solana lost money once fees were counted.
The median wallet put in about $130 and walked away $25 lighter.
A smaller group of larger losers accounted for the bulk of the overall shortfall.
How Much Did the FOMO App Collect in Fees on Solana?
The app took in $40 million in fees on Solana over the same period. That figure equals roughly half a percent of every dollar its users traded.
Fees alone flipped a meaningful share of wallets from profit into loss: before fees, 15% of wallets sat ahead; afterward only 10% remained positive.
Who Captured Most of the Winnings on Solana?
The top 1% of wallets claimed 94% of all money that was won.
A handful of accounts generated the large gains while the vast majority of participants absorbed small-to-moderate losses.
Early buyers in the most popular coins fared better— the first ten often posted strong returns—yet the much larger crowd that arrived later lost ground on average.
Does Timing Matter for FOMO Traders on the SOL Chain?
Timing made a clear difference. In coins that attracted 1,000 or more FOMO buyers, the earliest participants averaged a 71% gain on money spent.
Buyers who entered after the thousandth participant lost about 11%. Most users arrived too late to capture those early moves, and the pattern repeated across hundreds of tokens.
What Does This Pattern Reveal About Trading on the SOL Protocol?
The data highlights how quickly social-driven memecoin activity can concentrate gains in a tiny group while leaving the rest of the crowd underwater.
Fees compound the effect, and the app’s design—showing what others are buying—encourages late entries.
Traders who stayed active longer tended to lose a smaller percentage of their capital over time, yet the majority still finished behind.
Nine in ten FOMO app wallets on Solana lost money this year. The numbers leave little room for debate about the typical outcome for participants who followed the crowd.
