Skip to main content
Article image: The Cult of Influence – From Attention to Extraction
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 FOMO — you 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”

Was this useful?

Anonymous feedback used to improve internal story ranking. No public totals are shown.

Share

Share this article

Share this article on social platforms.

Support ClusterWire

If you find ClusterWire useful, tips help cover hosting and infrastructure costs.

We record anonymous interactions with tip buttons to understand feature usage. We do not include IP addresses, user-agent strings, or wallet addresses in these tip analytics. Blockchain transactions are public and may reveal the sending address.

Updates and corrections

No changes recorded in the new revision log. Earlier edits may not be included.

Coverage

Latest Coverage

Latest crypto news briefs, ordered by publication time.

3h ago · AI-assisted

Hong Kong adopts OECD crypto reporting framework, with data collection in 2027 and revised CRS in 2028

Hong Kong’s Legislative Council passed a law on November 4 adopting the OECD’s Crypto-Asset Reporting Framework (CARF). Relevant crypto-asset service providers must begin collec…

Read more
8h ago · AI-assisted

Bitcoin rebounds above $77,000 after dipping near $75,700 amid U.S. midterm uncertainty

Bitcoin briefly fell to about $75,700 before recovering above $77,000 during Asian trading, according to reports published Wednesday. Other coverage also reported a rebound abov…

Read more
9h ago · AI-assisted

BitMart Reports Minor Breach Amid Restructuring, Investigates Possible Link to Mercado Bitcoin Attack

BitMart confirmed a security breach on Nov. 2, with its founder describing the incident as minor. The exchange is undergoing a wind-down and restructuring process [1] [2] [3]. B…

Read more
10h ago · AI-assisted

South Korea's Democratic Party proposes shifting crypto income tax start from 2027 to 2029

South Korea’s ruling Democratic Party has proposed delaying the planned tax on crypto income, currently scheduled to take effect on Jan. 1, 2027. Reports describe a postponement…

Read more
24h ago · AI-assisted

CFTC outlines U.S. listing route for stock perpetual futures under existing SEC-CFTC rules

The CFTC said on Nov. 3 that perpetual futures tied to individual stocks can be listed on CFTC-registered designated contract markets that are also SEC-registered national secur…

Read more
28h ago · AI-assisted

France postpones 2027 budget vote as exit-tax plans are rejected and stablecoin-swap tax remains

France’s National Assembly postponed a vote on the revenue section of the 2027 budget for a second time. The first-reading examination is due to conclude by Nov. 17, according t…

Read more