Crypto Twitter: Still Struggling with Fake Followers
Elon Musk’s takeover of Twitter prompted the platform to make changes, yet the issue of fake followers persists. A recent analysis by dappGambl revealed that up to 10% of crypto influencers and companies have fake followers.
In April 2023, Musk created Twitter Blue, an US$8 monthly membership to help the platform generate income and decrease the profitability of bots and false accounts.
Shiba Inu (SHIB US$0.000008) had the highest percentage of fake followers among official cryptocurrency tokens and ecosystems (10.26% or 80,000 accounts). Avalanche (AVAX US$13.23) and Polygon (MATIC US$0.7047) came in second and third, respectively, with 8.14% and 7.58% of their followers being fake.
DappGambl’s social sentiment analysis further revealed that Dai (DAI US$1.00) is the most popular coin on Twitter while XRP (XRP US$0.49) is the least popular.
The highest rate of phoney followers among all crypto influencers and business owners was found to be that of Samson Mow, with 10% of his Twitter followers being fake (26,000 accounts). Jack Dorsey (8.62%), El Salvador’s president Nayib Bukele (6.5%), Michael Saylor (6.16%), Changpeng Zhao (5.58%), and Elon Musk (4.76%) also have significant numbers of false followers.
Musk, with over 6.7 million fake accounts, is actively working to combat the issue. To spot phony accounts, one can check the account’s creation date, profile photo, bio, tweets, followers and whom it is following.
Recently, Musk suspended a popular Twitter bot called Explain This Bob, created by Indian citizen Prabhu Biswal, for utilizing OpenAI’s GPT-4 model in an attempt to fool users.
