July 4 (Cointime) - Despite Twitter's efforts to combat fake accounts with its subscription service Twitter Blue, a recent investigation by DappGambl found that a significant proportion of followers from popular crypto accounts are still fake. Shiba Inu had the highest proportion of fake followers at 10.26%, followed by Avalanche (AVAX) with 8.14% and Polygon (MATIC) with 7.58%.

Even prominent figures in the crypto industry, such as Elon Musk and Michael Saylor, have a significant number of fake followers. The ongoing challenge of tackling fake accounts on Twitter is highlighted by the recent suspension of the popular Twitter bot "Explain This Bob" after Musk called it a scam.