“This study examines the investment value of information provided by Crypto-Influencers”

“Our primary results indicate that crypto-influencers’ tweets are initially associated with positive returns. However, these tweets are followed by significant negative longer-horizon returns, suggesting they generate minimal long-term investment value. These
effects are most pronounced for tweets issued by crypto-influencers proclaiming to be crypto experts, for smaller cap crypto asset securities and for self-described experts with a high number of Twitter followers.”

Crypto influencers always posting about coins right after they surge, right before they’re about to drop

Crypto influencers always posting at the volume top too

“when we split our tweets by Twitter attention (as measured by likes, replies, quotes and retweets) we see much stronger effects in the high attention subsample than we do in the low attention one.”

Bottom signal?