Cryptocurrency spam has drastically reduced on Twitter since Elon Musk took over, according to Joe Vezzani, co-founder of data analytics firm Lunar Crush.

What happened: Data from Lunar Crush shows that cryptocurrency spam level on Twitter has fallen sharply down 50% since Nov.7. “We have never seen a reversal like this and have been analyzing CryptoTwitter data since January 2018,” tweeted Joe.

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Incredible. Spam on Crypto @Twitter has fallen SHARPLY since @elonmusk took over.

Falling over 50% from the highs on November 7th.

We have never seen a reversal like this and have been analyzing CryptoTwitter data since January 2018.

Source: @LunarCrush pic.twitter.com/Kn96Evxezj

— Joe (@joevezz) November 24, 2022

A Twitter user, however, didn’t agree with the metrics, saying “Crypto spam is the main type of spam I see, and I see it way more now.” Joe replied, “ ‘I see’ will not be applicable to the dataset as a whole.”

Crypto spam is the main type of spam I see, and I see it way more now.

— Nobody (@RevolverOPSalot) November 24, 2022

Vezzani replied that an individual's Twitter feed does not comprise the whole dataset. 

Why It Matters: In April, Musk tweeted that if his bid for Twitter succeeded, “we will defeat the spam bots or die trying!” 

The problem of such fake accounts, especially those which promoted crypto scams, was the center of an intense legal fight between Musk and Twitter ahead of his takeover.

Since Musk’s Twitter takeover on Oct. 27th, Dogecoin (CRYPTO: DOGE) has registered 396 million users worldwide and is the largest Proof-Of-Work (PoW) cryptocurrency other than Bitcoin (CRYPTO: BTC).

Price Action: DOGE is trading at $0.08136, down 1.48% in the last 24 hours, according to Benzinga Pro.
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