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The BSC on-chain meme market "filtering out the dross and keeping the essence" sees most KOLs closing all positions and reducing positions on recently popular memes.

BlockBeats news, on November 5th, according to GMGN monitoring, influenced by recent market fluctuations, the overall attention and funds on the BSC blockchain have seen a partial decline. Most crypto KOLs (such as Wang Xiaoer, 0xSUN, etc.) have recently made significant close all positions and reduce position in the popular meme coins since October. Moreover, only a few high market capitalization memes such as “Binance Life”, “Hakimi”, and “GIGGLE” have been partially retained by some KOLs, while most other meme coins have also been largely closed.

GIGGLE-18.21%
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Celebrationvip
· 12h ago
Looks like the meme wave on BSC is cooling off! Only the strongest projects with real traction are surviving natural market filtering at work.
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