Twitter influencers have long played a significant role within the crypto-sphere, providing everything from technical market analysis to timely and amusing memes. These accounts have helped build a sizeable following that eventually became known as CryptoTwitter (CT).
While it was never possible to determine the real-world impact of these accounts on price action and crypto adoption, there are now claims going around that some anonymous individual or firm is actively working to buy-up the top influencer accounts.
Perhaps the biggest account reportedly being “purchased” is BITLORD, a highly-regarded influencer with 81,000 followers, who commonly makes live video streams. BITLORD came out in a recent tweet to state that the anonymous buyer offered 657 BTC (roughly $4.5 million) to take over his account, which he claimed to have accepted.
Got an offer to sell this account for 657 $BTC and I just couldn’t refuse, not in this bear market.
The person seems to be coming after big accounts. I’m the 5th to sell up now.
Handing over the keys to new owner next week and will announce fresh handle ?
— ฿ITLORD♦️ (@Crypto_Bitlord) August 30, 2018
According to BITLORD, his account wasn’t the only one targeted and four other major accounts were purchased already. One such account is mocho17, a similar-type influencer who provides technical analysis with more than 119K followers.
However, mocho17 has since denied that his account has been purchased, leaving his followers skeptical. Recent responses to his posts with include comments like “fake account” and “#notmymocho.”
you sold you dotn sold you are real you are fake ???fake who ? #mocho ? not at all
just for the record why in still shilling the same bag if i sold the account ?
ohhh boi better to do the math
i still hold $gin $alqo $phr $bigh and soooooo on pic.twitter.com/hvqoBfpQOg
— mocho17 (@cryptomocho) August 30, 2018
Interestingly, some devoted followers claim to have confirmed mocho17 is still in control of his account via personal messages.
It is hard to grasp the exact reason why someone would pay millions for a Twitter handle, especially when the value is directly tied to the content creator. However, it’s safe to assume that these accounts could be used to push specific cryptocurrencies and even scams. BITLORD has noted that he would refuse to hand-off his account if he determined it would put his followers in danger.
A skeptical point of view would be that the influencers are hoping to drive up a bidding war for their account by falsifying pricepoints, but it is important to note that BITLORD is one of the more revered influencers in terms of content quality and transparency.
While there is no way to confirm that these purchases are actually being made at this time, this is definitely an interesting development that Twitter users should keep tabs on, in case it turns out to be true.
More: BITLORD Twitter Handle
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.