GameStop token, linked to the video game retailer GameStop.inc, is on the rise again. Despite having no direct ties to the company, investor hype has driven its crypto market value up significantly in the past day.
CoinWire research reveals that 76% of influencer-promoted meme coins are "dead," causing significant losses for investors. Despite promises of quick profits, only 1% of these endorsements succeed. Influencers often prioritize their own earnings over promoting quality projects, leading to a highly risky investment landscape.
A study finds 76% of memecoins publicized by influencers are now worthless, with over 1,500 coins promoted by 377 influencers losing market value.
Logan Paul, a popular YouTuber and boxer, faces allegations of crypto fraud by the BBC. He is accused of not disclosing his personal interests while promoting crypto tokens on social media.
YouTuber MrBeast is accused of earning over $10 million from promoting low-cap crypto tokens, benefiting from subsequent price surges before dumping them, which raises concerns about pump-and-dump tactics.
The cryptocurrency landscape is evolving rapidly, with a particular focus on the influence of celebrity endorsements on memecoins. Traders and influencers are re-evaluating their strategies amid these changes.
Crypto Content Creator Campus (CCCC) launches as the top annual event for crypto influencers in Dubai.
Crypto influencer 'Professor Crypto' deleted posts celebrating his 'best content creator' award after being accused of using bots to boost his following.
The CABAL team airdropped $10,000 worth of their meme coin to 10 influencers, but the coin's price plummeted as most of them sold immediately.
The article discusses the role of 'KOL' (Key Opinion Leaders) in cryptocurrency, highlighting how influencers are now becoming investors with special token deal privileges, often at the retail traders' expense, leading to potential information asymmetry.
BlockDAG, a new blockchain architecture, is rising in popularity within the cryptocurrency community, thanks to endorsements from influencers and projections of reaching a $30 valuation. This surge is in line with the growing interest in NEAR Protocol and Helium networks.
Fantasy Top, a game that blends elements of fantasy sports with the intrigue of crypto influencer rankings, is gaining popularity on Crypto Twitter despite a slowing market.
