Arkham Intelligence Stock Surges as New KOL Label Tracks Influencer Wallets Amid Meme Coin Surge

Arkham Intelligence has introduced a new feature that allows users to track the wallets of Key Opinion Leaders (KOLs) on X, formerly known as Twitter. This development comes at a time when there is a surge in new meme coins, which are often launched using token launchpads for easy access to the market.

The update, announced in a recent post, introduces the “Key Opinion Leader (KOL) Label.” This label tracks the wallets of influencers with over 100,000 followers on X. The announcement stated, “Influencers with more than 100K+ followers on Twitter/X are now tagged on Arkham with a new label: Key Opinion Leader.” This means investors can now monitor whether influencers genuinely back the tokens they promote or if their endorsements are merely paid advertising. The move has sparked widespread debate within the crypto community, particularly concerning its impact on influencer-endorsed meme coins.

One user commented, “Biggest scammer on top! Now everyone can watch your wallets. But they should know y’all have multiple ones.” The introduction of Arkham’s KOL Label comes amid increasing concerns over the reliability of influencer-backed tokens. A recent report revealed that 76% of influencer-endorsed tokens fail to deliver, with their value plummeting by more than 90% within just three months. The research suggested that influencers can earn up to $399 per promotional tweet, incentivizing certain influencers to prioritize financial gain over credibility. It also showed that many promoted tokens lack fundamental utility and community engagement, leading to inevitable crashes.

The report claims that influencers with over 200,000 followers tend to have the worst performance. The larger the influencer’s following, the lower the performance of the meme coins they promote. Similarly, blockchain investigator ZachXBT recently exposed 16 influencer accounts on X that coordinated pump-and-dump schemes, leaving their followers to absorb the losses. This fueled debates about the ethical responsibilities of influencers in crypto markets.

With Arkham’s new tracking feature, investors can now scrutinize whether influencers hold the tokens they endorse. This could provide greater transparency in an industry plagued by misinformation and deceptive marketing tactics. One user on X remarked, “Interesting move—transparency meets influence.” The pattern mirrors previous