On Twitter, Elon Musk has taken action against bots and scam accounts, causing the suspension of Indian developer Prabhu Biswal’s popular bot account, known as ‘Explain This Bob’. This account was connected to the memecoin BOB and utilized OpenAI’s GPT-4 model to provide brief explanations in response to tagged tweets. Musk believed that this account was manipulating the prices of BOB, which led to his tweet on June 18 stating that the account “sure looks like a scam crypto account”. Following Musk’s tweet, the ‘Explain This Bob’ account was suspended.
Prior to its suspension, the ‘Explain This Bob’ Twitter bot had gained over 400,000 followers and gained attention in April when Musk himself responded to a tweet from the account. Currently, BOB is trading at $0.00001942 (roughly Rs. 0.0016) according to CoinMarketCap.
BOB was created in April on the Ethereum blockchain and has a maximum circulating supply of 690 billion, with a fully diluted market cap of $13.3 million (roughly Rs. 109 crore).
Since Musk’s action against the ‘Explain This Bob’ account, the memecoin has experienced a significant 30 percent decrease in value within the past 24 hours. Supporters of the BOB coin have taken to Twitter using the hashtag #FreeBob to urge Musk to reinstate the suspended bot.
As of now, Prabhu Biswal has not responded to the suspension on Twitter.
It is worth noting that Musk purchased Twitter for $44 billion (roughly Rs. 3,61,900 crore) last year and has made it a priority to eliminate crypto-related scam bot accounts from the platform. Scammers have increasingly targeted Twitter users in recent times, with scam activities on the platform rising by 3,894 percent according to a report by LunarCrash. The report also highlighted a 920 percent increase in social engagement with spam posts on public platforms.
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