Solana On-chain Data: KOL Overtakes Smart Money as Meme Coin Winner, with Over 80% Success Rate

BlockBeats News, September 29th, according to GMGN monitoring, recently, there has been an increase in violent new meme coin launches. The 24-hour trading volume rankings are mostly dominated by meme coins launched within the day. At the same time, in the past 7 days, the win rate of Key Opinion Leader (KOL) wallet addresses (generally over 80%) is significantly higher than that of smart money addresses (generally around 55%).

Pump Live's popularity has slightly rebounded, and there has been a turning point in market preferences: the recent top three in market capitalization are all established live streaming coins that have been listed for over 200 days. Among them, San Chan (San) has a market capitalization exceeding 12 million USD, shifting the market's focus back to existing projects.

Earlier on September 25th, in the past week, Solana's on-chain activity decreased, new meme coin popularity dropped, and the market capitalization of Pump live streaming coins all fell below 2 million USD.