While tweets trigger short-term price increases, gains quickly disappear. Cumulative return drops 7% within a month of influencer endorsements, indicating lack of long-term value.
Study finds influencer tweets create temporary price surge, followed by significant decline. Buying frenzy not based on long-term fundamentals, resonated by real-world examples like CryptoZoo project.
#crypto-influencers #investment-losses #short-term-price-increases #influencer-recommendations #market-trends
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