“76% of influencers market dead memecoins”

According to a study prepared by Coinwire, 2 out of every 3 memecoins promoted by 76% of crypto influencers have been reset to zero.

The memecoin supercycle created great excitement on social media platforms. It was stated that many memecoins, especially on X, achieved high profits. Investors who are new to the crypto sector started to make risky transactions, thinking that memecoins would make big money.

Coinwire prepared a report on memecoins. The report in question reported that most of the memecoins promoted by influencers as “quick investment opportunities” have been reset to zero. According to the report, the majority of investors who invested in memecoins promoted by influencers have experienced significant losses.

The study analyzed the performance of more than 1,500 memecoins promoted by 377 influencers.

According to Coinwire's research findings, 86 percent of memecoins promoted by crypto influencers lost 90 percent of their value within 3 months. Only 1 percent of influencers promoted memecoins that gained 10 times their value.

Memecoins promoted by crypto influencers lost nearly 70 percent of their value after just one week. The memecoins in question were gradually removed from the market.

The report included the following statements; "It is almost impossible to make 10 times more profit from memecoins promoted by crypto influencers"

According to the report, as the number of followers of influencers increases, the probability of the memecoins they promote being zero increases.

The report, which stated that crypto influencers with over 200,000 followers had the worst performance, stated that 89 percent of the memecoins promoted by these influencers were zeroed.

Coinwire claimed that crypto influencers made a profit by promoting memecoins. The report included the following statements;

“While investors often face losses, crypto influencers benefit financially from promoting memecoins. On average, an influencer earns $399 per promotional tweet, and each tweet receives around 15,000 views.”