POPA ReconOnly 6.16% of FOMO app traders made money — memecoin buyers lost $1.26B in 3 months
Only 6.16% of FOMO app traders made money — memecoin buyers lost $1.26B in 3 months X user called MidCurveMortal pulled trading data from every wallet on FOMO, a mobile app for trading memecoins, to see how people actually did. Out of 292,531 wallets that traded in the last 90 days, only 18,033 ended up in profit — that's just 6.16%, meaning almost everyone lost money. Together, buyers lost an estimated $1.26 billion. For comparison, the same person pointed to a betting site over a similar period, where 37% of users came out ahead — about six times better odds than FOMO traders had. Worth…
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