In the crypto world, one day equals a year in the human world, but the speed at which Twitter bans accounts is faster than the drop in Tesla's stock price!
Woke up today, and Twitter shocked me — a bunch of major influencers in the Chinese-speaking area are gone! KOLs like Killer Wolf and Wizard, who I see every day, have had their accounts evaporate, even the official GMGN account and the founder Chicken Brother's account have also disappeared.
Why was it banned? The most reliable guess right now is related to a cryptocurrency called $PPMT. This coin clearly looks like it was created by Chinese people (PPMT = abbreviation in Pinyin, those who understand know). As a result, the KOLs of GMGN were too aggressive in their calls, and Musk might have thought GMGN was manipulating behind the scenes, leading to a complete crackdown.
My view? This is too surreal! Twitter's account bans now feel like opening a blind box, the rules depend entirely on Musk's mood. In 2022, he banned impersonators of his comedy actors, and in 2024, he banned journalists who criticized him, now it’s the turn of crypto KOLs... Truly, Twitter governs the space, you can't help but accept it!
Short-term impact?
$PPMT might be in trouble — all the KOLs making calls have disappeared, how can the retail investors still FOMO?
GMGN ecosystem under impact — the traffic entry of the financial backer has been cut off, will users flee?
Other KOLs are trembling — today it's GMGN's turn, will it be other platforms tomorrow?
But in the long run, what major storms hasn’t the crypto world seen? Back when Weibo banned major crypto influencers, didn’t everyone still live well? Traffic will always find a new outlet, such as Telegram, Discord, or even decentralized social platforms like Farcaster.
Is this account ban a warning or the beginning? Who will be next? Follow Crow Brother, I'll keep you updated!
