Solana has introduced a new trading feature that allows X users to buy and sell Solana-based tokens through the fomo trading app directly from Cashtags displayed on the social media platform.
Summary
- Solana has introduced token trading through X Cashtags using fomo, allowing users to access live market data and initiate trades with a single tap.
- The integration builds on Solana’s existing market data features on X, which have allowed users to view cryptocurrency prices and charts since April.
- Fomo handles the trading process through its application, while X Cashtags provide users with access to supported Solana tokens.
- An October investigation by Bitquery found that roughly 90% of the 829,539 wallets examined had recorded losses after fees from trading Solana tokens through fomo.
The Solana team announced the integration on November 10, confirming that users can access live token market data and initiate trades with a single tap.
The feature connects X’s existing Cashtag system with fomo, allowing users to move from viewing a cryptocurrency’s price and related discussions to trading it through the external platform.
In its announcement, fomo described the process as a simple way to trade tokens mentioned in posts, with support for Solana-based assets.
Solana trading expands X’s existing Cashtag features
The integration builds on X’s earlier introduction of interactive Cashtags, which brought live cryptocurrency and stock market information into the platform.
In April, X launched smart Cashtags for iPhone users in the US and Canada, allowing them to access live charts and market discussions by selecting asset tickers.
The feature introduced support for identifying cryptocurrencies through their smart contract addresses, helping users distinguish between tokens that share similar names or ticker symbols.
X’s head of product, Nikita Bier, explained at the time that users could select specific assets when posting Cashtags, making it possible for readers to access the corresponding market information.
The April rollout included a trading connection with Canadian financial services platform Wealthsimple, which allowed eligible users to access trading services through the Cashtag interface.
With the latest integration, fomo has become a trading destination for Solana tokens discovered through the same system.
Pedro Miranda, who commented on the announcement through his X account, pointed to the role Cashtags already play in market conversations.
According to Miranda, millions of people discuss financial markets through Cashtags every day, while Solana-powered market data has been available through the feature since April.
He described the latest development as a convergence of “financial intent and execution,” as users can now act on information they encounter without having to search separately for the asset.
How does trading through fomo work?
Under the newly announced arrangement, users can select a supported Solana token’s Cashtag on X and proceed to fomo to execute a transaction.
The process combines the token’s market information with a trading route, removing the need to manually search for the same asset on a separate trading platform.
Fomo operates as a social cryptocurrency trading application where users can discover tokens, follow trading activity and execute purchases or sales through an integrated wallet.
Transactions involving Solana assets are processed through blockchain trading infrastructure, while the app provides the interface for placing orders.
The arrangement does not mean X itself operates the exchange or settles cryptocurrency transactions. Fomo handles the trading process after users access the token through the Cashtag interface.
Solana’s announcement described the feature as available for any Solana token, although it did not provide a detailed breakdown of supported trading pairs, geographic availability or transaction fees.
Fomo’s Solana trading activity has grown in 2026
Fomo had already developed a substantial trading business on Solana before the Cashtag announcement.
An October 17 on-chain investigation by blockchain analytics company Bitquery examined transactions involving 829,539 wallets that purchased Solana tokens through the application between January 13 and October 7, 2026.
The research found that approximately 90% of those wallets had recorded losses after fees, with a median loss of $25 per wallet.
According to Bitquery, fomo collected approximately $40 million in fees from Solana trading activity during the period, equivalent to roughly 0.5% of the value traded by users.
The analysis found substantial differences between early buyers and traders who entered popular tokens later.
Among tokens attracting at least 1,000 buyers, the first 10 purchasers recorded returns equivalent to 71% of their spending, while buyers entering after the first 1,000 collectively lost 11% of the amount they spent.
Fomo’s September fee revenue from Solana transactions alone reached $12.8 million, according to the investigation.
The research covered Solana activity specifically, although fomo supports trading across other blockchain networks, including Base and BNB Chain.
