Crypto Twitter has a persistent 'fake followers' problem, data reveals – Cointelegraph

Shiba Inu had the greatest number of fake followers at 10.26% or 80,000 accounts, while Avalanche and Polygon followed suit with 8.14% and 7.58% of fake accounts, respectively. 2914 Total views 3 Total shares Despite changes introduced by Twitter management since Elon Musk’s takeover, the issue around fake followers remains a persistent problem. As many as 10% of the followers of accounts belonging to crypto influencers and companies are fake, new data from dappGambl has revealed.In April 2023, Musk introduced Twitter Blue — an $8 monthly subscription for verification — to increase the platform’s revenue while making it financially inviable for bots and fake accounts to operate. However, months later, dappGambl’s investigation found that up to 10% of followers from the most followed crypto accounts are fake. Crypto accounts with the most fake followers. Source: DappGamblWhen it comes to the official accounts of cryptocurrency tokens and ecosystems, Shiba Inu (SHIB) had the highest number of fake followers at 10.26% or 80,000 accounts, while Avalanche (AVAX) ranked second with 8.14% fake followers, followed by Polygon (MATIC) with 7.58% or 73,000 fake accounts. DappGambl suspected that the relationship between Twitter accounts and their fake followers is dependent on the popularity of the tokens.
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