TechFlow news, according to Bitcoin.comNews, Coinwire's latest research report shows that 76% of cryptocurrency KOLs on platform X have promoted meme coins that are now worthless, with two-thirds of the tokens they promoted having completely lost their value. Data indicates that among the 377 KOLs surveyed, only 1% promoted meme coins that achieved tenfold growth.
The study found that 80% of promoted meme coins plunged by 70% within one week, 90% lost 80% of their value after one month, and 86% dropped more than 90% after three months. KOLs with over 200,000 followers performed the worst, with their promoted projects suffering an average loss of 39% after one week and losses widening to 89% after three months. In contrast, projects promoted by smaller accounts with fewer than 50,000 followers achieved an average positive return of 141% after three months.
