Can Traders Buy Any Solana Token From an X Cashtag Through Fomo?

Fomo and Solana have connected X Cashtags to Solana token trading in the fomo app. The launch follows an October Bitquery study that found median losses of $25 after fees and $40 million in fees collected.

CryptoMEV Bot NewsroomNov 11, 20263 min read

A person holds a smartphone displaying a trading app with charts and a green Buy button. — Image: rawpixel / rawpixel via Openverse (CC0)

Approximately $40 million in Solana trading fees had been collected by fomo during the period examined by Bitquery, according to crypto.news. On November 10, 2026, fomo and Solana announced a new route that lets users move from a Solana token’s Cashtag on X to trading through the external fomo application.

fomo’s profile: app, network and figures

Fomo is a consumer cryptocurrency trading application with an integrated wallet and support for non-custodial wallets.
Its new Solana route was announced on November 10, 2026, through X Cashtags.
Bitquery estimated that fomo collected about $40 million in fees from the Solana trading activity it examined.

Solana Compass reported that fomo announced the service with a one-line description:

"Tap the cashtag, trade it on fomo. Available for all @solana tokens." — fomo, trading app

The announcement said users could trade any Solana token through fomo directly from X Cashtags, view live market data and initiate a transaction with one tap. Solana’s announcement did not provide a detailed breakdown of trading pairs, geographic availability or transaction fees.

Cashtags connect discovery to fomo execution

A user selects a supported Solana token’s Cashtag on X, sees its live market information and continues into fomo to place the trade. The reporting makes a clear operational distinction: X supplies the discovery and market-data interface, while fomo handles order execution. X does not operate the exchange or settle the cryptocurrency transaction.

The integration expands a trading function that began separately from the earlier data-focused Cashtags. In April, X launched smart Cashtags for iPhone users in the United States and Canada, providing live charts, market discussions and support for cryptocurrency smart-contract addresses. In September, X opened its Trade button to US users through Coinbase, Kraken, Gemini, Interactive Brokers and Moomoo.

The fomo route differs from those partner destinations in two stated respects. It covers Solana’s broader token list, including long-tail memecoins, and sends execution to a self-custodial trading application rather than an exchange account. Neither announcement specifies which regions or devices the fomo route covers.

Bitquery data shows broad losses

An October 17 investigation examined 829,539 wallets that purchased Solana tokens through fomo between January 13 and October 7, 2026. Before fees, 15% of the wallets were in profit; after fees, only 10% were in profit. Approximately 90% recorded losses, with a median loss of $25 per wallet once fees were counted.

Bitquery estimated that fomo collected approximately $40 million in fees over the same period, equivalent to roughly 0.5% of the value traded by users. Around 10% of the wallets’ aggregate losses came from fees, while the rest came from the tokens themselves.

Results were concentrated among a small part of the wallets. The best-performing 1% captured 94% of all winnings. Among tokens with at least 1,000 buyers, the first 10 purchasers recorded returns equal to 71% of their spending, while buyers entering after the first 1,000 collectively lost 11% of the amount they spent.

The study counted wallets rather than individuals because one person may operate several wallets. It also valued unsold tokens at the final day’s price, so the figures describe the transactions examined rather than every fomo customer.

fomo’s rise adds a new trade destination

Fomo was already established on Solana before the X route. Solana Compass reported that the app overtook Axiom as Solana’s top daily trading terminal by volume in August 2026. Later that month, fomo acquired Mobula’s on-chain data technology and brought three of its engineers into the team.

Solana team member Pedro Miranda said the announcement brought together financial discussion and execution because users no longer had to search separately for an asset after seeing its Cashtag. For traders reviewing advanced Solana MEV tooling, the route remains an application-based execution path rather than an X-operated venue. Readers comparing execution and custody models can also use crypto OTC trading off-exchange deal basics as a separate reference.

For traders, the key figure remains $40 million in estimated fomo fees collected during the period examined by Bitquery.