BSC On-chain Meme Market Embraces "Cutting the Fat," with Most KOLs Liquidating Their Holdings of Recent Hot Memes

BlockBeats News, November 5th, according to GMGN monitoring, due to the recent market volatility, the overall attention and funds on the BSC chain have partially receded. Most crypto KOLs (such as Wang Xiao'er, 0xSUN, etc.) have recently significantly reduced their holdings of popular meme coins since October. In addition, only a few high-market-value memes such as "Life on Binance," "Hakimi," "GIGGLE," and others have been retained by some KOLs, while the majority of meme coins have been largely sold off.