FOMO
FOMO, or Fear Of Missing Out, is a psychological phenomenon where traders or investors rush to buy assets—often driven by hype, rapid price increases, or social sentiment—out of anxiety that they’ll miss potential profits or opportunities, especially prevalent within fast-moving Solana markets.
FOMO: what is it?
Examples
- 1
A sudden surge in price for a new Solana meme coin leading thousands of traders to buy in at a peak due to social media hype.
- 2
NFT collections on Solana minting out rapidly as buyers jump in “not to miss out.”
- 3
Trending tokens or platforms going viral and causing temporarily inflated prices.
Common Use Cases
Pro Tips
Always research the fundamentals and community of an asset before making a purchase.
Create (and stick to) a personal trading strategy to avoid emotionally driven decisions.
Use Solana tools that track trending assets objectively to evaluate participation risks.
Be mindful that FOMO can often be followed by rapid corrections (“buying tops and selling bottoms”).