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..

honestly, it's wild how much influence social media has on trading these days. tracking wallets is def smart, but now it's like memes and influencers are moving markets more than actual news. makes you wonder how sustainable this whole thing is, right? 🤔