Crypto Influencers Scam Alert : Spot & Avoid Fake Coin Promotions
Crypto Influencers Scam Alert: How to Spot & Avoid Fake Promotions in 2025 Introduction: Last week, an influencer on X promoted a coin claiming “100% Profit in 7 days.” Thousands of followers invested blindly and lost significant amounts. Stories like this are increasingly common as more people trust social media influencers without verifying projects themselves. The rise of crypto influencers has created a space where scams are easy to execute and spread quickly. In this guide, we will explore common crypto influencer scams, real-world examples, red flags to watch for, prevention tips, and how to protect your investments in a human-friendly and detailed way. Common Scam Types Promoted by Crypto Influencers Pump and Dump Schemes In a pump and dump, an influencer hypes a coin through social media posts, tweets, and YouTube videos, creating hype and attracting mass interest. Unsuspecting investors rush to buy the coin, pushing its price up. Once the price peaks, the influence...