95.2% of FOMO users made $100 or less trading memecoins

  • Unfolded analyzed results for 375,740 users of the FOMO memecoin platform.
  • 95.2% of FOMO users lost money or made $100 or less.
  • Robinhood Chain generated about 75% of FOMO's total volume on Aug. 31.

Most users of the FOMO memecoin trading platform made little money or lost money, according to analysis shared by Unfolded. Of 375,740 users, 95.2% recorded losses or profits of $100 or less. Only 229 users, or 0.06%, earned more than $10,000, while 653 users, or 0.17%, made more than $5,000 and 3,504 users, or 0.9%, made more than $1,000. Robinhood Chain, an Arbitrum-based Ethereum layer-2 network launched in early July, accounted for about 75% of FOMO's total volume on Aug. 31.

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