Do you also rely on KOL for market entry and exit? Well-known Twitter analyst "The Wolf" caught deleting earlier bullish calls at the beginning of the year.

A senior cryptocurrency analyst was recently exposed for posting multiple bullish tweets about alternative coins before a market crash, which were later deleted. Screenshots of these tweets have been backed up by the community. The analyst still claims, "Deleting posts does not mean I am a fraud."

Are Influencers Manipulating Prices by Deleting Tweets?

The popular analyst The Wolf Of All Streets has over 440,000 followers on Twitter, while another crypto analyst with 370,000 followers, ∞ CO฿IE, revealed this information on 5/24. He pointed out:

Many are busy deleting previous tweets endorsing specific projects, with one individual deleting around 30 tweets, and he's not the only one doing so.

Promoting Low Market Cap Projects

Based on the dates of the analyst's deleted tweets, the performance of some mentioned coins is as follows:

• 12/30 Exeedme XED: -32%
• 1/20 DeXe DEXE: +14.34%
• 1/28 Nord Finance NORD: -54%
• 2/5 OptionRoom ROOM: -84%
• 4/2 Poolz Finance POOLZ: -93%

The crypto community even developed a Telegram tool that records all deleted tweets by crypto analysts and KOLs.

Response: Deleting Tweets Doesn't Make Me a Fraud

Many netizens commented under The Wolf Of All Streets' previous tweets, questioning why he deleted his previous endorsements and changed his name to The Wolf Of All deletes.

However, The Wolf did not delete the criticisms from netizens, or perhaps he had not done so yet. After a day of bombardment, he finally responded:

For the past few months, I have refrained from mentioning any low market cap or perceived shill tweets and have deleted some old tweets to prevent people from continuing to jump on board. Deleting tweets doesn't make me a fraud, and every project in the market is also experiencing a downturn. I care deeply about the community and have never done anything to harm anyone.

∞ CO฿IE then retaliated, exposing tweets where he was still promoting low market cap projects earlier this month.

What Are Project Teams Doing with Their Marketing Budgets?

It should be noted that among the listed coins that The Wolf promoted, some had prices that exceeded their entry points for a period, even DEXE has seen a slight increase since then, while the movement of ROOM looks very much like a shill, only rising 40% above the entry point before plummeting.

So where might The Wolf have gone wrong to receive such backlash? The token distribution of project teams usually includes portions for "ecosystem development" and "project promotion," and the community mostly suspects that The Wolf may have received tokens from project teams, helped promote them, artificially inflated prices through shilling, and then made a profit.

Regardless of whether the community is correct or not, it is hard to believe that an analyst can keep track of a large number of projects with market caps ranking beyond a thousand. The crypto market is deep, and even analysts with over 400,000 followers are facing such situations. Investors who often use analysts' and KOLs' perspectives as entry and exit strategies must be cautious.