Influencer

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 <a href="https://coinwire.com/76-percent-twitter-influencers-promote-dead-memecoins-study/" target="_blank" rel="nofollow">CoinWire</a> shows the unpleasant reality: most meme coins have no value, and many investors face heavy losses. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “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.” <cite>CoinWire report</cite>
</blockquote> 
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.&nbsp; 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “76% of Twitter influencers have promoted meme coins that are now dead. Two out of three meme coins they promote are worthless.&nbsp;This means that many influencer-driven promotions essentially set up investors for failure.” <cite>CoinWire report</cite>
</blockquote> 
 You might also like: <a rel="" href="https://crypto.news/how-traders-make-money-out-of-the-meme-coin-rally/"> How traders make money out of the meme coin rally: Revealing real stories </a> 
<h2 class="wp-block-heading" id="the-real-effectiveness-of-meme-coin-promotion">The real effectiveness of meme coin promotion</h2> 
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 <a href="https://crypto.news/tag/meme-coin/" target="_blank">meme coins</a> backed by influential individuals. In addition, most investors end up facing serious losses, often just a few weeks after investing. 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="664" height="437" src="https://crypto.news/app/uploads/2024/11/cw-kol-perf-1.webp" alt="Influencers get rich, meme coins die: Most bloggers' advertising is ineffective - 23" class="wp-image-14313813">
 <figcaption class="wp-element-caption">
 Performance of influencer memecoin promotions | Source: CoinWire
 </figcaption>
</figure> 
<h2 class="wp-block-heading" id="achieving-high-returns-is-almost-impossible">Achieving high returns is almost impossible</h2> 
One main factor that makes meme coins attractive is their potential to generate significant returns. 
However, in reality, this almost never happens. Only 1% of influencers successfully promoted meme coins. Furthermore, only 3% of meme coins promoted by <a href="https://crypto.news/tag/influencers/" target="_blank">influencers</a> ever achieved such a significant increase. 
Interestingly, the more followers an influencer has, the worse the performance of the meme coins they promote. Influencers with over 200,000 followers tend to perform the worst, with their meme coin promotions losing 39% of their investment within a week and 89% of their investment within three months. 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="671" height="570" src="https://crypto.news/app/uploads/2024/11/cw-kol-perf.webp" alt="Influencers get rich, meme coins die: Most bloggers' advertising is ineffective - 24" class="wp-image-14313815">
 <figcaption class="wp-element-caption">
 Influenser’s followers and promotion correlation | Source: CoinWire
 </figcaption>
</figure> 
In contrast to more prominent influencers, those with fewer than 50,000 followers perform better, with 25% of their revenue positive within a week and a 141% increase within three months. This may indicate that smaller influencers are more sincere in their promotional approaches, while larger ones often prioritize financial gain over the quality of the projects they support. 
As for influencer earnings from meme coin promotions, analysts used TweetHunter’s X earnings calculator to estimate the potential profit from a sponsored tweet. 
While investors often lose money, influencers benefit from promoting meme coins. They earn an average of $399 for each promotional tweet that attracts about 15,000 views. In this way, influencers promote even the most dubious tokens in the hopes of making a high profit. 
<h2 class="wp-block-heading" id="influencer-promotion-is-mostly-harmful">Influencer promotion is mostly harmful</h2> 
The data highlights a disturbing reality: meme coin promotion by influencers is mostly doing more harm than good for ordinary investors. 76% of influencers promote <a href="https://crypto.news/tag/token/" target="_blank">tokens</a> without activity, and the probability of getting the desired 10x return is extremely low. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “Investors need to be cautious, questioning the true value behind these promotions and avoiding decisions driven by social media hype alone.” <cite>CoinWire report</cite>
</blockquote> 
A CoinWire study shows that X meme coin hype is good for influencers but almost always disastrous for investors. Most of these tokens quickly lose their value. The chances of serious profits for investors who believe the buzz are minimal. 
 You might also like: <a rel="" href="https://crypto.news/how-solana-meme-coin-reached-a-300m-market-cap/"> It’s all about content: How Solana meme coin reached a $300m market cap with viral videos? </a>

Influencers get rich, meme coins die: Most bloggers’ advertising is ineffective

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