Coinwire Report: 76% of crypto influencers on X have promoted Memecoins that have now returned to zero

Coinwire research revealed that over 76% of influencers on the X platform had promoted memecoins that are now defunct. According to the report, only 1% of the shilled memecoins had increased 10x in value, and 80% of them dropped by over 70% in the past week.

Source: Cryptopolitan