Outside Source
In its latest video, Cointelegraph explains the hidden dangers of seeking financial advice on X and highlights how influencer manipulation has cost investors millions in the crypto market.
In the latest Cointelegraph video, we dive into the hidden dangers of seeking financial advice on X, formerly known as Twitter. While the platform serves as the heart of the crypto community, it also hosts rampant market manipulation and scams.
Through interviews with top crypto influencers and industry experts, the video examines how some high-profile accounts use their reach to influence prices in “pump-and-dump” schemes.
These influencers hype certain tokens, driving up prices to sell at a peak, often leaving regular investors holding near-worthless assets.
Experts reveal how influencers build emotional connections with followers, projecting success and fostering trust—making it easy for people to make risky investments without adequate research.
Transparency remains a significant issue. Many influencers fail to disclose conflicts of interest, misleading followers into believing they’re receiving unbiased advice. In reality, these influencers may be profiting from undisclosed partnerships with token projects.
To find out more about the risks posed by Crypto Twitter and how to avoid them, check out the full video on our YouTube channel.
This article first appeared at Cointelegraph.com News
