Abstract

In this study, two Memecoin Twitter networks, that are, June and December 2022, were collected and compared. Because Twitter is frequently employed as social media channel among memecoins, it is critical to examine its activities. We gathered several kinds of finance and user data regarding memecoins from Coinmarketcap.com. Also, data about their Twitter accounts' followings, followers, mentions, replies, and retweets were gathered by using the its API. A network was formed with the collected tweets. The comparison between two points in terms of the following-follower and mentions networks showed that both density and clustering coefficient values increased over time. However, it must be noted that the mention network's average distance value reduced over time. Also, the top ten betweenness centralities of the mention network declined in December compared to June. The ERGM findings are as follows. The following-follower network confirmed the homophily of transitivity and age, which was not shown in June, and, in the mention network, attribute variables affected network properties between June and December. This study is significant since it examined the memecoin networks at two different points over time.

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