CoinWire platform analysts held analysis of 1567 coins and accounts of 377 bloggers promoting memecoins on the social network X (formerly Twitter), which is banned in Russia, and stated that most of them are “dead.”
According to their data, bloggers with more than 200 subscribers tend to perform the worst. Their coins are losing money: 000% after one week and 39% after three months. For accounts with fewer than 89 subscribers, 50% of the promoted memetokens showed profitability after one week and 000% after three months. Only 25% of the promoted memetokens showed a tenfold increase.
Experts have drawn attention to a curious fact: the more subscribers a blogger has, the less effective the memecoins he promotes on the market.
However, despite the fact that investors suffer losses, the bloggers themselves receive a decent financial benefit from advertising coins and earn at least $399 for just 1 tweet, experts noted.
It is obvious that advertising so-called “dead” memecoins brings huge profits to influencers and does not at all meet the interests of their numerous subscribers who believe in their promises and supposedly “expert” assessments, representatives of the CoinWire platform emphasized.
