Ever since it was brought forward and made a popular phenomenon, Twitter and its veritable army of influences have played an increasingly significant role in the worlds of commerce, especially for the cryptocurrency market. They’ve been responsible for providing anything from technical market analysis, to passing commentary on presentations or events, to the occasional well-timed and appropriate memery.
While it remains difficult to determine just what kind of long-term, and the real-world impact that these various influencers have had on the market in terms of price action and crypto adoption, they remain a visible and influential force. But now there are claims circulating that some anonymous individual or organization is actively seeking and working to buy up these various influencer accounts.
One of the most significant ‘purchases’ that has taken place, according to sources, was that of BITLORD, a highly regarded member of this influencer group, boasting a total follower base of over 81,000. As part of his daily activity, BITLORD commonly makes video live streams, but has since made it public that an anonymous buyer offered him 657 Bitcoin (BTC), roughly equating to $4.5 million, to take over his account, which he claims 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
One thing that BITLORD makes clear, is that his account wasn’t the only one targeted by an anonymous buyer, and highlights that there are four other major accounts that have had offers accepted on their accounts. One of these accounts was Mocho17, an influencer which operates in the same way as BITLORD, while providing technical analysis for the benefit of his more than 119k followers.
When approached about this topic, Mocho17 categorically denied that his account had been subject to any kind of purchase. While this would be enough for some, a great many of Mocho17’s own fans were left relatively skeptical. This has included recent responses to his posts, including comments such as ‘#Notmymocho’ and ‘fake account’.
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 enough, some of his more devoted followers have since claimed that Mocho17 is still in control of his account via personal messages.
But it remains hard to grasp at why any individual or organization would go on to pay millions of dollars for a Twitter account, especially when any value that that account generates is through content which is directly linked to the content creator. It is safe to assume, however, that these accounts could be used as particularly tall soap boxes from which to advertise a specific coin or cryptocurrency, whether it were a scam or not.
While accepting the offer of $4.5 million in Bitcoin, BITLORD has made it clear that he would refuse to hand off his account if he was under a sufficient enough impression that his followers would be put in any danger by it.
One further skeptical point of view would be that these same influencers are hoping to drive up a bidding war for their accounts by falsely publishing offers. While this does make for a plausible reason for why these offers may be coming in, BITLORD is one of the more influential people within the cryptocurrency world because of the quality of his content and his transparency.
At this moment in time, there’s no tangible way to confirm that these purchases are legitimate and being made, but it certainly makes for an interesting development that will require Twitter users to keep a vigilant eye on new developments, should these rumors turn out to be true.