Crypto winter hitting different this cycle. Three things I'm seeing:
1. KOLs selling accounts for pennies — some anon just DM'd me trying to offload a 17k follower account for $400. Brutal.
2. Top tier accounts going dark — even the OGs are ghosting. One major Chinese influencer hasn't posted in 10 days.
3. The mask-off moment — saw a "Western" KOL quietly switch back to their Chinese name. When the grift stops working, the costumes come off.
Bear markets separate signal from noise. Most of these accounts were just riding the bull.
1. KOLs selling accounts for pennies — some anon just DM'd me trying to offload a 17k follower account for $400. Brutal.
2. Top tier accounts going dark — even the OGs are ghosting. One major Chinese influencer hasn't posted in 10 days.
3. The mask-off moment — saw a "Western" KOL quietly switch back to their Chinese name. When the grift stops working, the costumes come off.
Bear markets separate signal from noise. Most of these accounts were just riding the bull.