FOMO sells itself as social trading that levels the playing field. On-chain data says the opposite.

Dune analysis by MidCurveMortal tracked all 292,531 wallets that traded FOMO on Solana over 90 days. Only 6.16% ended in profit — the other 93.84% lost money or broke even. As a group, traders are down $1.26 billion. The median trader is down $120.

And the "winners" barely won: 88% of profitable wallets made under $100. Just 25 wallets cleared $10,000.

Meanwhile top 20 wallets took home $82.38M combined, one trader (Unipcs) alone banked $14.26M on a single 108x PONS position. The house always wins; everyone else funds the pot.

For perspective: sportsbooks let ~37% of users come out ahead. FOMO gave you roughly 6x worse odds than a casino.