Recent data from the Solana blockchain reveals that Key Opinion Leader (KOL) wallet addresses have achieved a win rate exceeding 80% in the meme coin market over the past week. This performance significantly surpasses the approximately 55% win rate of 'smart money' addresses. The surge in newly launched meme coins has driven high volatility, with most top 24-hour trading volumes attributed to these new issues.
Market dynamics have shifted, with the top three projects by market cap now being long-standing live-streaming coins, including San Chan (San), which boasts a market cap exceeding $12 million. This marks a return of market focus to established projects. Earlier, on September 25, Solana chain activity and the popularity of new meme coin launches had declined, with Pump live-streaming coin market caps dropping below $2 million.
KOL Wallets Outperform 'Smart Money' in Solana Meme Coin Market
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