Launched in early July, Robinhood Chain attracted consideration, notably in its first month, as a result of meme coin exercise it generated.
Whereas excessive transaction quantity continued on the community in August, it was famous that roughly 75% of the overall quantity of the FOMO platform, which stands out with memecoin transactions, originated from Robinhood Chain on August thirty first.
Nonetheless, the information doesn’t replicate actuality. A noteworthy evaluation relating to the FOMO platform has been printed. In line with information shared by Unfolded, the overwhelming majority of the 375,740 customers who traded on the platform didn’t obtain vital positive aspects.
The Huge Majority of Customers Both Misplaced Cash or Earned Much less Than $100!
In line with Unfolded’s evaluation, 95.2% of customers on the FOMO platform both misplaced cash or made lower than $100 in revenue. This charge reveals {that a} very giant portion of customers buying and selling on the platform didn’t obtain any vital positive aspects.
In distinction, it was noteworthy that the proportion of customers producing excessive earnings within the information was extraordinarily low.
Accordingly, solely 229 customers, or roughly 0.06% of all customers, earned greater than $10,000 in revenue.
As well as, 653 customers (0.17%) earned greater than $5,000, and three,504 customers (0.9%) earned greater than $1,000.
The ensuing chart and information reveal that within the extremely risky meme coin market, solely a really restricted variety of buyers handle to attain vital income. The truth that solely a small variety of customers are capable of revenue highlights as soon as once more the excessive threat and uncertainty inherent in memecoin buying and selling.
*This isn’t funding recommendation.
