Research: 76% of crypto influencers promoted Meme coins that have now gone to zero, with high-follower accounts performing the worst

According to ChainCatcher, according to the latest research report of Coinwire, 76% of cryptocurrency KOLs on the X platform have promoted Meme coins that have now returned to zero, and two-thirds of the promoted tokens have completely lost their value. Data shows that among the 377 KOLs surveyed, only 1% of the Meme coins promoted have achieved a tenfold increase.

The study found that 80% of the promoted Meme coins plummeted by 70% within a week, 90% lost 80% of their value after a month, and 86% plummeted by more than 90% after three months. KOLs with more than 200,000 followers had the worst promotion effect, with their promotion projects losing an average of 39% after a week, and the loss expanded to 89% after three months. In contrast, small accounts with less than 50,000 followers achieved an average positive return of 141% after three months. (Bitcoin.comNews)