• The data from dappGambl reveals that up to 10% of crypto influencers and companies’ Twitter followers are fake.
• Shiba Inu (SHIB) has the highest number of fake followers at 10.26%, followed by Avalanche (AVAX) and Polygon (MATIC).
• Crypto influencers with the most fake followers include Samson Mow, Jack Dorsey, Nayib Bukele, Vitalik Buterin, Michael Saylor, Changpeng Zhao and Elon Musk.
Persistent ‘Fake Followers’ Problem
The data from dappGambl reveals that up to 10% of crypto influencers and companies’ Twitter followers are fake. Despite changes introduced by Twitter management since Elon Musk’s takeover, the issue around fake followers remains a persistent problem.
Crypto Accounts With Most Fake Followers
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: Dai (DAI) is seen as the “future of money” while XRP (XRP) is associated with scams.
Influencers With Most Fake Followers
Samson Mow boasts the highest percentage of fake followers among his total following – 26,000 or 10%. Other prominent figures with substantial fake followers include Twitter co-founder Jack Dorsey (8.62%), El Salvador President Nayib Bukele and Ethereum co-founder Vitalik Buterin having nearly 6.5%, MicroStrategy co-founder Michael Saylor (6.16%), Binance CEO Changpeng Zhao (5.58%) and Tesla CEO Elon Musk who has 442K or 5%.
Twitter Blue To Combat Fake Accounts
In April 2023, Musk introduced Twitter Blue — an $8 monthly subscription for verification — in order to increase platform revenue while making it financially inviable for bots and fake accounts to operate on twitter but this did not help in solving this issue completely yet .
Despite changing regulations on twitter ,fake follower account still remain a major issue which needs proper attention .