# About 10% of FOMO’s Solana Wallet Cohort Was Profitable After Fees By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/43767 Published: 2026-10-29T18:35:25.000Z Updated: 2026-10-29T18:35:25.000Z Section: Investing > The baseline loss estimate was $395 million, with a range of $204 million to $490 million depending on how unsold tokens were valued. An on-chain analysis of 829,539 wallet addresses that bought tokens through FOMO on Solana from Jan. 13 through Oct. 7, 2026, found that about 10% were profitable after recorded fees attributed to the app. The estimate includes the value assigned to tokens still held at the end of the study period. Before fees, about 15% of the addresses were in profit. Recorded charges moved about 32% of those pre-fee winners below break-even, while token trades accounted for most of the cohort’s estimated losses. The percentages are rounded. The tally attributed about $40 million in USDC fees to FOMO during the period, equal to roughly 0.5% of trading dollars. That sum amounted to about 10% of aggregate losses under the baseline valuation. FOMO has not confirmed the addresses identified as its on-chain signer and fee-collection account. The tally also excludes fees collected in tokens. Under the baseline valuation, the cohort’s aggregate loss was about $395 million. Valuing unsold tokens at uncapped last prices lowered the estimate to $204 million, while assigning those tokens no value raised it to $490 million. The profitable-wallet share remained between 9% and 12% under alternative counting rules. The calculation combined sale proceeds with an estimated Oct. 7 value for tokens still held, then deducted token purchases and fees attributed to FOMO. It also counted trades those addresses made outside the app in the same tokens. Coins held before Jan. 13 were excluded, and some venue activity and short data gaps were missing. Through July, $0.95 was the fee recorded most often; from August, it was $0.10. Those are historical observations from the cohort, not a universal fee rate. The study separately listed median wallet losses of $25, coin purchases of $130 and fees of about $4; these medians describe different distributions and do not represent one typical wallet. The count refers to addresses, not people, since one person may control multiple wallets. The result also differs from an [Oct. 25 snapshot of FOMO’s active Solana wallets](), which measured activity rather than profitability. ## Links in this article - [Oct. 25 snapshot of FOMO’s active Solana wallets](https://www.tokenpost.com/news/investing/40683)