The vast majority of meme coins promoted by influencers in X end up “dead” — their value drops by 90% or more within three months.

The attention surrounding meme coins has led many famous X personalities to promote these tokens as a quick way to make money. However, the research by CoinWire shows the unpleasant reality: most meme coins have no value, and many investors face heavy losses.

“Our research reveals a sobering truth: most of these meme coins are, in fact, dead, and the majority of investors end up with significant losses.”

CoinWire report

To understand the meme coin situation, the experts analyzed data from over 1,500 tokens endorsed by 377 influential X users. They selected 377 of them with at least 10,000 followers who frequently promote meme coins. They then compiled a list of 1,567 meme coins that were promoted over the past three months.

Using Dune Analytics, experts collected information on the price when they were first promoted, the current price, and the price after one week, one month, and three months. A meme coin is considered dead if its current value has fallen by 90% or more compared to the initial promotion. 

“76% of Twitter influencers have promoted meme coins that are now dead. Two out of three meme coins they promote are worthless. This means that many influencer-driven promotions essentially set up investors for failure.”

CoinWire report

The real effectiveness of meme coin promotion

The actual situation with meme coins differs significantly from influencers’ positive picture.

Stats show that these projects rarely meet their expectations: after a week, 80% of meme coins promoted by influencers lose 70% of their value.

After a month, about 90% of these tokens lost about 80% in value, and after three months, 86% of them fell in price by 10 times. As analysts note, this trend indicates significant instability and volatility of Go to Source to See Full Article
Author: Anna Kharton