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.
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
permitsignatures- 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
SetAuthorityor 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.
Did you already read this story: “Lessons Learned: How a Solana Wallet Ownership Scam Drained My Tokens and Bricked My Wallet Forever”
Anonymous signal used only for weekly cluster rankings. No public counters.
Share
Broadcast this coverage
Copy-ready links for the networks your audience checks first.
Support independent reporting
If you find this story valuable, a small tip helps keep ClusterWire running.
Privacy note: we log tip UI events (page + action, and article slug when applicable) to improve the feature. We don’t store IP address, user-agent, or wallet addresses in analytics. Tips are on-chain, so the sending address is public in the transaction.