The platform suddenly cut off a large number of accounts in the Chinese Web3 circle, especially those of the top bigwigs who played Meme coins, and instantly blocked them as "404"! The onlookers were in an uproar: the GMGN official account, the old faces known as "Sha Po Lang, Wang Xiaoer" and so on, were directly "stuffed with rags", and the reason remains a mystery.
"Mass ban" is so rare! It's not that a single big boss failed (think about Trump's ban, that was also a world-shaking event), but batches of top accounts were "taken down in one go", like a targeted purge. This is extremely rare in the history of X, except for the closure of tens of thousands of Trump-supporting accounts after the "Capitol Hill Incident" in 2021, and the cleaning of a large number of robot/counterfeit accounts after Musk took over.
The core position was attacked! For the Chinese crypto community, X has long been their "spiritual home". Why? Look at the two major purges of the currency circle on Weibo in 2018 and 2020: platform accounts such as Golden Finance, Huobi Information, and Coin World, and personal KOLs such as Super Bitcoin and Fat House Bitcoin, evaporated overnight, with the reason being "violation of regulations or community conventions." Players who are forced to do so can only "run" to X, because it is relatively open and free here. Now this last "safe haven" has also begun to stir up waves, how can we not panic? Three major doubts: Who is wielding the knife? Where does the knife fall?
There are many different opinions and guesses at present, and the main opinions are concentrated on these three "knives":
"Political black hand theory"? Involving Trump and Musk? Some people insist that this is aimed at "potential right-wing forces" because Trump and Musk recently "flirted" with each other in public (gave each other some positive comments).
Many of the blocked accounts have posted content that is suspected to be "right-wing" or anti-establishment?
In-depth review: This association is a bit strong. There is no direct evidence that these banned accounts are strongly associated with specific political positions (like Trump supporters back then). Although Musk is at the helm of X, its platform governance involves multiple rules. It is too arbitrary and lacks solid evidence to directly point to "political purges". It is more like an emotional association of netizens, which is mostly for attracting attention.
"Reporting man-made disasters"? Infighting in the Chinese community? Quantitative reporting robots? A post on the street revealed a bombshell: Someone has developed a "quantitative robot" that specifically reports Chinese crypto accounts in batches and at high density! The accusations include "cutting leeks" (absorbing funds at low prices and selling them at high prices) or "raising poisonous insects with small accounts" (using small accounts to buy goods at low prices and shouting orders with large accounts to pull the market). This organized "click-kill" operation is judged by the system as "junk or fraudulent behavior" and may naturally trigger a ban.
In-depth review: This sounds very "crypto-flavored"! The "internal competition" or even malicious competition driven by interests is extremely consistent with the chaotic reality of the crypto circle. If true, this is a "dimensionality reduction attack" using platform rules. The key is whether there is a traceable chain of evidence? Who is the "financial backer"/manipulator behind this? Is the purpose to strike the opponent or cause panic? This is the most worthwhile black material to dig out.
"AI manslaughter theory"? Musk's new algorithm is to blame? What a coincidence! Musk just boasted on June 10: X's algorithm has been upgraded again! (The wording is obscure, but the meaning is more "AI")
New AI risk control systems (such as the enhanced version of Grok) may be more sensitive to accounts that post frequently, use a large number of fixed templates, and use specific keywords (especially those related to encryption, money, and promotion).
Are Meme accounts the key "false positives"? Meme gameplay naturally relies on viral transmission: high frequency of tweets, large amounts of interaction, and exaggerated content. This is definitely on the red line of the system's "spam/fraudulent inducement".
In-depth comment: The most likely but saddest explanation! This is the inevitable price of the platform's "de-humanization, AI automated governance". X is sliding into a "algorithmic tyranny" mode: rules are made by code, execution is done by machines, and accountability is taken by robots (who do you complain to?). It is different from the direct administrative review of the Celestial Empire (such as Weibo), but a new centralization dressed in the cloak of technological neutrality - more efficient, wider, and more vague accountability. The blade of AI is getting faster and faster, but the ability to distinguish between "community humor" and "financial fraud" is still far from enough! The annihilation of the Meme circle this time is a bloody lesson of over-reliance on AI for content governance. The result is: the real bad guys may not be caught, and the "noisy and happy" accounts (including many ordinary creators) are all in one pot. Is the safe haven no longer safe? The core position of the Chinese encryption circle has been cut off from the bottom of the pot.
After encountering Weibo and X's "face-changing", content creators are panicking. The call for decentralized social protocols (Farcaster, Lens Protocol, etc.) is rising again. The core selling point: users control their identity and data!
But the reality is harsh: These protocols are still too "early" and "inexperienced". With high barriers to use, poor experience, and a small user base, it is difficult to replace giants like Twitter/X in the short term. For KOLs who rely on traffic for their livelihood, it is not realistic at present. The trend is inevitable: In the environment where centralized platforms are capricious and supervision is increasingly tightened, the demand for "account sovereignty" (real ownership of their own accounts and fan relationships) by creators will only become stronger and stronger. Decentralized social networking is a solution written in the genes of Web3, even if the road ahead is long.