Odaily News A report recently released by CoinWire shows that most Meme coins are worthless and many investors face significant losses. The report selected 377 KOLs with at least 10,000 followers who frequently promote Meme coins, and based on this compiled a list of 1,567 Meme coins that have been promoted in the past three months. The report used Dune Analytics to collect price information at the time of the first promotion, current price, and price information after one week, one month, and three months. If the current value of a Meme coin has fallen by 90% or more compared to when it was initially promoted, it is considered dead. The results show that "76% of the Meme coins promoted by KOLs no longer exist. Two-thirds of the Meme coins they promoted are worthless. This means that many promotions driven by KOLs actually cause investors to suffer losses." (crypto.news)