Despite effects to address the work of face followers on twitter, the problem everyone elk too over the platform. Recent data from dappgambl reviewa ls that up to 10% of the followers of cryptocurrency influencers and corporate accounts are facing. Blue in April 2023 to generate more revenue and deter bot and fake account operations, but dappGambl's investigation found that a significant number of followers on top cryptocurrency accounts were still fake. Notably, the accounts associated with tokens like Shiba Inu, Avalanche , and Polygon had the highest percentages of fake followers.
dappGambl speculates that the prevalence of fake followers may be tied to the popularity of the token. Through their analysis of social sentiment in crypto accounts, they found that Dai was regarded as the most popular token on Twitter, while XRP was considered the most disliked. This connection led to suspicions of scams. Among cryptocurrency influencers and entrepreneurs, Samson Mow had the highest percentage of fake followers, accounting for 10% of his total Twitter following. Other notable figures, including Jack Dorsey, Nayib Bukele, Vitalik Buterin, Michael Saylor , Changpeng Zhao, and Elon Musk, also had significant numbers of fake followers.
Considering the total number of followers, Elon Musk has over 6.7 million fake accounts following him, indicating the persistence of the problem. Several methods can be employed to identify fake accounts, such as examining the account's creation date, investigating profile pictures, account bios, and tweets, and analyzing the accounts the user is following and followers they have. Recently, Musk called out and labeled the popular Twitter bot "Explain This Bob" as a hoax, resulting in its suspension. Despite ongoing efforts, fake followers continue to pose a challenge on Twitter.
