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Editorial

The Cult of Influence – From Attention to Extraction

TL;DR

A growing number of Crypto Twitter “influencers” aren’t traders, builders, or analysts. They’re engagement farmers running a funnel:

Twitter bait → Telegram group → monetization.

They profit by:

  • launching pump-and-dump meme coins
  • pushing fake “early alpha”
  • distributing malicious claim links
  • extracting value via Solana transactions or EVM approvals

If someone’s business model depends on your interaction, your wallet, or your FOMOyou are the product.

Dec 26, 2025By C.S. Myr· Editorial; may be AI-assisted

From Tweet to Extraction

It usually starts with a tweet like this:

“DROP UR SOL ADDRESS FAST JOIN MY TG PAYING 10 FOLLOWERS”

Or:

“I know the next 100x memecoin 👀 Not sharing publicly Follow + reply and I’ll DM you”

Or the classic:

“Who’s active rn? Interact ✅”

At first glance, it looks harmless. Just engagement. Just vibes. Just crypto Twitter being crypto Twitter.

But a single reply is enough to trigger the funnel.

You get a DM.

“You seem active. Join my private TG. I share early plays there.”

Inside the Telegram group:

  • “alpha” drops
  • countdown timers
  • screenshots of fake PnL
  • urgency (“sniper bot live now”)
  • constant reinforcement that this group is different

And sooner or later, a link.

Sometimes it’s a meme coin launch. Sometimes it’s a whitelist claim. Sometimes it’s a “private airdrop.”

That’s where the money is made.

Not by you — by them.

How the Scam Actually Works

This isn’t one scam. It’s a stack of monetization layers, all built on social manipulation.

1. Engagement Farming on Twitter

The influencer’s first goal is visibility, not accuracy.

They use:

  • “Drop address” bait
  • “Interact if active” tweets
  • Bought followers
  • Engagement pods
  • AI-generated profile photos
  • Screenshots of fake wins

Why? Because Twitter’s algorithm rewards replies and likes — not truth.

High engagement = perceived credibility.

2. Telegram as the Extraction Layer

Telegram is where the real business happens.

Inside these groups:

  • Messages are fast and overwhelming
  • Skepticism is mocked
  • “Early” is emphasized constantly
  • Time pressure is manufactured

Telegram removes:

  • public scrutiny
  • quote tweets
  • community fact-checking

Once you’re inside, you’re isolated.

3. Pump-and-Dump Meme Coins

This is the most common revenue stream.

The influencer:

  • deploys a low-effort token
  • seeds initial buys
  • posts green candles
  • hypes “cult vibes”

Followers buy in.

Liquidity grows.

Then:

  • influencer sells
  • chart collapses
  • Telegram messages get deleted or the chat is locked
  • critical replies vanish from Twitter
  • the group goes quiet
  • a new coin launches a day or a week or a month later

Rinse. Repeat.

No accountability. No disclosures. No remorse.

4. Fake Airdrops & Claim Links

This is where losses escalate.

A message appears:

“Private allocation for early members Claim here (wallet connect required)”

On Solana

Victims may sign a transaction that:

  • hides malicious instructions
  • changes token or account authorities
  • allows CPI-based token drains

Solana transactions can modify account state, not just transfer tokens. Many users don’t realize this until it’s too late.

On EVM chains

Victims often sign:

  • unlimited ERC-20 approvals
  • permit signatures
  • gasless approval messages

Once approved, the attacker drains funds later — quietly.

No new transaction. No warning. Just gone.

5. Paid Shilling (Undisclosed Ads)

Some “alphas” don’t even bother deploying tokens.

They’re paid to shill:

  • low-liquidity meme coins
  • doomed presales
  • sketchy mints

Rates range from hundreds to thousands of dollars per post.

Followers assume conviction. In reality, it’s advertising.

You’re exit liquidity — not a community member.

Why This Scam Works

Because it exploits human psychology, not just technical weaknesses.

  • Authority bias — “He has followers, so he must know something”
  • Scarcity — “Only early members get access”
  • FOMO — “Everyone else is already buying”
  • Social proof — fake screenshots, bots, engagement pods
  • Speed — no time to think, verify, or breathe

Crypto Twitter rewards confidence, not correctness.

And scammers are very confident.

What Victims Typically Lose

  • SOL, ETH, stablecoins
  • meme tokens that instantly go to zero
  • access to drained wallets
  • trust in communities
  • confidence to participate again

Often the worst loss isn’t financial — it’s psychological.

People stop asking questions. They stop sharing warnings. They quietly leave.

That silence is part of the scam’s success.

How to Protect Yourself

If You Use Solana

  • Never sign transactions you don’t fully understand
  • Watch for SetAuthority or suspicious instructions
  • Use burner wallets for new mints and dApps
  • Assume Telegram links are hostile
  • Prefer hardware wallets

If You Use EVM Chains

  • Never approve unlimited spend for unknown contracts
  • Regularly revoke approvals (e.g. revoke.cash)
  • Be extremely cautious with permit signatures
  • Treat “gasless” transactions as red flags
  • Separate cold storage from experimental wallets

Social Rules That Actually Work

  • No real alpha is gated behind replying “GM”
  • No serious trader needs your wallet address
  • No legit influencer DMs random followers with secrets
  • If urgency is the pitch, extraction is the goal

Final Takeaway

Fake crypto influencers don’t win by predicting markets.

They win by:

  • farming attention
  • manufacturing urgency
  • outsourcing risk to followers

If someone’s content exists solely to funnel you into a Telegram group — you are not joining a community.

You are entering a business model.

And that business model is designed to be profitable — for them, not for you.

Stay skeptical. Stay slow. Stay solvent.

Read another editorial: Lessons Learned: How a Solana Wallet Ownership Scam Drained My Tokens and Bricked My Wallet Forever

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