Arkham Intelligence Can Track Crypto Influencers’ Wallets

Most Celebrity Tokens Fail

The new tool comes during a time when meme coins have skyrocketed in popularity, although most often lack utility or long-term value. The tool has sparked debate among crypto traders, as supporters argue it offers transparency while critics note influencers may use multiple wallets to avoid detection.

Source: X (@arkham)

Research shows nearly 75% of influencer-backed tokens fail within months, with larger influencers often promoting the worst-performing coins. This raises concerns about influencers promoting tokens while secretly selling them.

Transparency Is Key

Recent investigations into price manipulation have all but eroded market trust. Arkham’s new tool allows investors to check if influencers truly hold the tokens they promote or if they dump them after endorsement.

Crypto leaders, including Justin Sun, emphasize the need for independent research instead of following influencers blindly. The new tool could increase accountability, but whether it fosters a more ethical crypto space or leads to more sophisticated concealment techniques remains unclear.