🚹 The Meme Coin Survival Rate: Are Influencers Killing the Game?

According to a study by Coinwire, only 1% of meme coins promoted by influencers manage to “survive” and make it to the moon. Meanwhile, a staggering 76% of influencers on Platform X (you know the one) are pushing projects that are already DOA.

Here’s the kicker:

‱ 2 out of 3 meme coins are pronounced dead on arrival.

‱ 86% of them lose 90% of their value within just 3 months.

So, the big question is: Are influencers inflating the hype just to dump on retail, or are they unknowingly promoting doomed projects? What’s your take on this broken ecosystem? Drop your comments below! 👇

#MarketDownturn #MemecoinsđŸ€‘đŸ€‘ #MemeWatch2024