The BSC on-chain meme market "picking the essence and discarding the dross" sees most KOLs closing all positions and reducing positions in recently popular memes.

On November 5th, according to GMGN monitoring, influenced by recent market Fluctuation, the overall attention and funds on the BSC chain have partially withdrawn. Most crypto KOLs (such as Wang Xiaoer, 0xSUN, etc.) have recently heavily closed all positions and reduced positions in the popular meme coins since October. In addition, only a few high market capitalization meme coins such as “CEX Life”, “Hakimi”, and “GIGGLE” have been retained by some KOLs, while the majority of meme coins have also been largely closed.

GIGGLE79.94%
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