Despite some changes in Twitter management since Elon Musk took over, the issue surrounding fake followers remains an ongoing problem. New data from dappGambl reveals that up to 10% of the followers of cryptocurrency influencers and corporate accounts are fake.
In April 2023, Musk launched Twitter Blue ($8 per month for a verified subscription) to increase the platform’s revenue while making it economically impossible for bots and fake accounts to operate.However, a few months later, dappGambl’s investigation Found that up to 10% of the followers of the most followed cryptocurrency accounts are fake.
Among the official accounts of cryptocurrency tokens and ecosystems, Shiba Inu (SHIB) has the highest number of fake followers at 10.26%, or 80,000 accounts, while Avalanche (AVAX) ranks second with 8.14% of fake followers, followed by Polygon (MATIC). ) with 7.58% or 73,000 fake accounts.
DappGambl suspects that the relationship between a Twitter account and its fake followers depends on the token’s popularity. By analyzing the social sentiment behind crypto accounts, dappGambl found that:
“Dai (DAI) is the most popular (popular) token on Twitter, while XRP (XRP) is the most hated (unpopular).”
In general, the crypto community on Twitter sees Dai (DAI) as the “future of money,” while tending to associate XRP (XRP) with scams, dappGambl said.
When it comes to cryptocurrency influencers and entrepreneurs, Samson Mow has the highest percentage of fake followers out of its total followers. Mow is currently followed by 26,000 fake accounts, accounting for 10% of his total Twitter followers.
Twitter co-founder Jack Dorsey has 560,000 (8.62%) fake followers, El Salvador president Nayib Bukele and Ethereum co-founder Vitalik Buterin have nearly 6.5% fake followers.
Other notable figures with large numbers of fake followers include MicroStrategy co-founder Michael Saylor (6.16%), Binance CEO Changpeng Zhao (5.58%) and Tesla CEO Elon Musk. Musk) (4.76%) etc.
Based on the total number of followers, there are currently more than 6.7 million fake accounts following Musk’s attempts to root out the problem. Some ways to identify fake accounts include checking when the account was created, investigating profile pictures, account bios, and tweets sent by the account, and checking who the account is and who they are following.
related: Elon Musk imposes ‘rate limits’ on Twitter, citing extreme ‘system manipulation’
A popular Twitter bot called “Explain This Bob” was recently suspended after Musk called it a hoax.
This does look like a scam crypto account. If so, it will be suspended.
— Elon Musk (@elonmusk) June 18, 2023
As Cointelegraph reported, the bot was created by India-based Prabhu Biswal and uses OpenAI’s GPT-4 model to understand and respond to tweets that tag the account.
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