social media feeds becoming downstream of meme price discovery:

when i ask onchain traders how they find alpha, the #1 response is tracking profitable wallets. in parallel, KOLs and influencers play a bigger role in price discovery across all markets than ever before..

kind of crazy how social media is influencing market trends now, right? like, influencers and KOLs are literally driving price discovery. it’s almost like memes are the new market signals. tracking profitable wallets makes sense, but now we gotta watch social feeds too. wild times!