X Crypto Twitter Account Shutdown: Can Memecoin Survive?
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June 2023
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David is a financial journalist and contributor to Cryptonews.com with a passion for publishing clear, accurate, and reliable blockchain news.
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September 2018
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The editorial team of CryptoNews is made up of writers with experience in cryptocurrency and blockchain technology. Their technology ensures complete, accurate, and intelligent…
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X plans to automatically shut down Twitter accounts that mention crypto for the first time, and the consequences for memecoin communities built on social media could be dire.
X Product Title Nikita Bier confirmed the machine directly: “We are in the process of implementing automatic lock+ verification if a user enters cryptocurrency for the first time in their account history.”
Yeah we know.
We are in the process of implementing auto-lock + verification if a user enters cryptocurrency for the first time in their account history.
This should kill 99% of the ads, especially since Google doesn’t do anything bad to stop fraud…
The trigger is the first crypto transfer, not repeat offenders. Bier targets 99% of fraudulent incentives associated with hacked accounts that promote fraudulent tokens and fake offerings. The move follows a spate of phishing emails that rob users of their login credentials and 2FA codes.
For memecoins that depend on the virality of the first post, new wallets, new converts, and new degens, this is a direct hit at the top of the funnel.
The size of the market adds to the problem. The X bot problem, powered by AI-powered fake accounts that use optimization algorithms with high leverage, has already removed the reliance on cryptographic signatures.
Crypto Twitter Lock Mechanism Could Be A Good Solution For The Site
X’s verification layer filters out spurious noise and improves the quality of the signal acceptable Twitter’s crypto projects are driving corporate interest and restoring confidence in the industry. But the market remains to be seen whether blocking policies alone effectively reduce spam or simply freeze organic growth.
However, policy disputes may also limit crypto transfers from new users and resource limits, cutting off the viral acquisition loops that memecoins rely on.
X is about to close your account once you write about crypto – if it’s your first time.
Marketing Director Nikita Bier has just announced.
Thieves break into the account and immediately start showing random shillings.
Bitcoin Hyper Tracks Previous Infrastructure As Memecoins Face Platform Threat
As public memecoins face the risk of being found on the platform, a lot of money has been floating around projects that don’t rely on viruses. That cycle is already visible in the stock market, and it’s worth looking at where the money is going.
Bitcoin Hyper ($HYPER) it puts it directly in that space. The project features the first Bitcoin Layer 2 header with the integration of Solana Virtual Machine (SVM), delivering faster performance than Solana through ultra-short processing time, Decentralized Canonical Bridge for BTC transfers, and high-speed intelligent integration.
Bitcoin has limitations in terms of slow transactions, high fees, and zero stability, and Hyper is here to fix that. Solid numbers restore the original appeal, $32 million earned at the current price of $0.013678and persistence up to 36% APY for early participants. Presale capital has gone to the construction game how the concept of memecoin is cooling.
