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Twitter bots & Elon Musk’s tweets influenced altcoin prices: Research

  • Network Contagion Research Institute study reveals Twitter bots and Elon Musk’s tweets drove FTX-traded altcoin prices up.
  • Mentions of altcoins by Musk caused prices to surge by up to 50% within a day.
  • Researchers believe stricter regulations and advanced bot detection are needed to combat malicious bot activity and market manipulation.
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