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Fake Followers Continue to Plague Twitter Affecting Crypto Influencers and Companies jpg

Fake Followers Continue to Plague Twitter, Affecting Crypto Influencers and Companies

The problem of fake followers on Twitter remains persistent, despite efforts made by the platform, including the introduction of Twitter Blue subscription. A recent investigation by dappGambl revealed that up to 10% of the followers of crypto influencers and companies on Twitter are fake.

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Among official cryptocurrency accounts, Shiba Inu (SHIB) had the highest number of fake followers, with 10.26% or 80,000 accounts being identified as fake. Avalanche (AVAX) ranked second with 8.14% fake followers, followed by Polygon (MATIC) with 7.58% or 73,000 fake accounts.

The presence of fake followers is often associated with the popularity of tokens, according to dappGambl’s analysis. Interestingly, Dai (DAI) emerged as the most loved coin on Twitter, while XRP (XRP) was considered the most unpopular.

Twitter

In terms of crypto influencers and entrepreneurs, Samson Mow had the highest percentage of fake followers, accounting for 10% of his total Twitter following. Notable figures such as Twitter co-founder Jack Dorsey, El Salvador President Nayib Bukele, and Ethereum co-founder Vitalik Buterin also had a significant number of fake followers.

Even prominent individuals like MicroStrategy co-founder Michael Saylor, Binance CEO Changpeng Zhao, and Tesla CEO Elon Musk were not immune to fake followers, with varying percentages found among their follower counts.

Elon Musk, in particular, faces the challenge of over 6.7 million fake accounts following him as he strives to combat the problem. Detecting fake accounts involves examining various factors such as account creation dates, profile pictures, bios, tweets, as well as analyzing the followers and accounts they follow.

This sure looks like a scam crypto account. If so, it will be suspended.

— Elon Musk (@elonmusk) June 18, 2023

The issue gained attention recently when a Twitter bot named “Explain This Bob” was suspended following allegations by Elon Musk that it was a scam. The bot, created by Prabhu Biswal from India, used OpenAI’s GPT-4 model to interact with users who tagged the account.

As the prevalence of fake followers persists, it becomes crucial for Twitter and crypto influencers to implement robust measures to address the issue. Conducting thorough checks and verifications can help protect users from misleading information and fraudulent accounts.

Compiled by Coinbold

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