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Only 10% of FOMO App Sollets Were Profitable After Fees, Analysis Finds
(2 hours ago) · 1 source · Summarized by CryptoBipto
An analysis of the FOMO app's Solana wallets found that only about 10% were profitable after accounting for fees. Roughly 32% of wallets that appeared profitable before fees had their gains erased once transaction costs were included.
WHY IT MATTERS
This story illustrates an important lesson for anyone new to crypto: fees matter more than many people realize.
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SOURCES
- cryptoslate.com
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