Update
Bitquery Finds Weakness in Crypto Copy Trading
Bitquery, a blockchain research firm, found that only 26% of large memecoin wallet gains of $752.5 million passed its trading checks. The study revealed that 51% of the gains involved wallets selling tokens received from other addresses, raising questions about the profitability rankings used to identify successful traders. This suggests that copy traders may be following wallets whose gains are difficult to replicate due to transactions that cannot be mirrored.