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Since no one was keen on answering this question, I've took it upon myself to build a PUBLIC Dune query which uses FOMO's fee router in order to calculate the total profitability of all active FOMO traders (SOL) in the past 90 days. The numbers: > Out of the 292,531 wallets traded through FOMO in the last 90 days, 18,033 of them are in profit. > Only 6.16% of ALL traders in the last 3 months were profitable. The median trader is down ~$120. As a group they are down $1.26 BILLION. Of the 6% who are green, 88% made under $100. Only 25 out of 292,531 wallets made more than $10K Query is public and linked below: For reference, a "wagering platform" such as Rainbet with a…
In the last 3 months of 25 fomo traders made more than 10k. And you are likely looking at the same 25 KOLs who rug and scam tokens all day as the only people really making a profit. It’s time to admit memecoin trading is inherently a giant scam made to enrich the people launching them and insiders. If you still think you can make it memecoin trading or trenching you might actually be retarded.
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