Study: 76% of X Influencers Promoted Now-Defunct Meme Coins

Quick Summary:

A Coinwire study reveals that most crypto influencers on X promote worthless meme coins, highlighting the risks of relying on social media for investment advice.

Influencers Setting Up Investors for Failure According to a Coinwire study, over three-quarters (76%) of crypto influencers on X promoted meme coins that are now defunct.

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Article Details

Author / Journalist: Terence Zimwara

Category: Crypto

Markets: Japan

Topics: Featured Meme Coins Crypto influencers

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 06:30:38 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 23756831

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 18 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 10 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #62

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