Robinhood Chain memecoin traders mostly lost money or made under $100: analysis

Of 375,740 wallets that traded Robinhood Chain memecoins through social trading app FOMO, 95.2% either posted losses or made $100 or less in profit, Unfolded reported. Unfolded said 229 traders, or 0.06%, made more than $10,000 in profit, while 653 traders, or 0.17%, made more than $5,000. A total of 3,504 traders, or 0.9%, made more than $1,000, according to the analysis.