76% of meme coins promoted by crypto influencers on X (formerly Twitter) have become worthless. The research found that only 1% of these meme coins increased tenfold in value
According to a report by CoinWire, 76% of meme coins promoted by crypto influencers on X (formerly Twitter) have become worthless. The research found that only 1% of these meme coins increased tenfold in value, while 80% lost more than 70% of their value in recent weeks. Additionally, influencers with larger followings performed worse in these investments. The study highlights the challenges of investing in crypto projects and stresses that many influencers promote unsustainable projects solely for financial gain.
Source: cointribune.com
