Twitter Suspends Memecoin Bot
Elon Musk’s accusations led to the suspension of the popular bot account called “Explain This Bob,” which he claimed was a “scam crypto account.”
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The AI-powered bot, created by Prabhu Biswal using OpenAI’s GPT-4 model, had garnered an impressive following of over 400,000 users before its suspension. The bot engaged with users by responding to their tweets.
The suspension also had an impact on the associated ERC-20 memecoin, Bob Token (BOB), which experienced a significant price drop of over 30%.
In response to the suspension, the hashtag “FREEBOB” emerged on Twitter as supporters defended the token, arguing that it is not a scam. They highlighted the fair launch of BOB and its fully decentralized nature, emphasizing the absence of any token allocations or airdrops to the team prior to the token’s April launch.
Some observers speculate that Elon Musk’s skepticism stems from the belief that Explain This Bob was being utilized as a marketing tactic to artificially inflate the price of BOB.
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