https://twitter.com/coffeebreak_YT/status/1621581040539033603?t=Vy7hWZYrxK4mob8EeFMeHw&s=19
It amplifies the need for investors to do their complete research before investing in newly launched projects. Even the person you had been admiring or following on social media platforms can be just promoting a scam. So apply some common sense next time instead of blindly following the expert financial advice of these gurus. Another platform, where this abuse frequently happens is YouTube where creators promote number of fake projects.
I am interested in cryptos since the end of 2017 so more than 5 years now and one of the lessons, that i have learned is, that you should never buy something because some crypto youtuber or crypto twitter influencer is saying that. Back in 2020 and 2021 i joined a few very early project and there i witnessed it first hand, that big crypto influencers get a big allocation in the private sale or even in the seed sale of projects and for that they are shilling those projects "for free". That way the project gets exposure and the influencer gets a big allocation for a very cheap price. Once the project is successful and the prices has risen the influencer then begins to dump and moves on to the next project.