Twitter Suspends Crypto-Linked AI Account, Calls Token a Scam

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Twitter Suspends Crypto-Linked AI Account, Calls Token a Scam

Social media platform Twitter in a recent development suspends a crypto-linked AI bot account @explainthisbob which has been gaining attention recently on the microblogging platform.

CEO Elon Musk had initially engaged with the bot but went further to accuse the account, calling it a “scam crypto account” in one of his tweets. The suspension of the artificial intelligent account has caused several reactions from community members on Twitter.

Shortly after his accusation, Twitter went ahead and suspended the account which caused a stir among users and also speculations as to why the billionaire made such assumptions.

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The @explainthisbob Twitter account is linked to a trending memecoin called BOB. For context, BOB is an ERC-20 token that powers Bob, a Twitter AI reply bot. The bot is activated when it is tagged to a tweet in any comment section. Bob explains complex tweets in layman’s terms and in a funny way. The humor in its replies is the reason behind its growing popularity among Twitter users consequently leading to the acceptance and popularity of the BOB token among cryptocurrency enthusiasts.

The @explainthisbob account which was created by Prabhu Biswal utilizes OpenAIs’ state-of-the-art GPT-4 model to understand and give responses to users when it is tagged in a tweet.

Related Reading: Elon Musk Cautions Investors About Investing in Dogecoin

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As earlier stated, BOB is a memecoin-backed token which means that it lacks a strong built-in value proposition which could be the reason behind Musk’s accusation of being a fraud.

Meanwhile, before its suspension, the account which was created in April already gathered over 400,000 users which further shows its growing popularity and acceptance.

Elon Musk interacts with @ExplainThisBob

A critic of Musk, Brett Meiselas earlier today noted that the Twitter CEO had previously been engaging with the bot which he termed “annoying bot crypto.” According to him, Elon Musk constantly engages and boosts the bot which in turn impacted positively on the price of BOB, the token associated with it. Meanwhile, after the suspension, the value of the coin plummeted by over 30%.

Twitter Suspends Crypto-Linked AI Account, Calls Token a Scam

Source: Twitter

Even though the account has been suspended and the legitimacy of the token is in question, many still believe that the token is legit and are constantly defending the project. As a result of this, the community has created a trending hashtag that says #FreeBob to show support and solidarity for the project.

BOB price today

According to live data from CoinMarketCap, the price of BOB today is $0.000019. The price is down 9.32% in the last 24 hours. Finally, BOB is ranked #2622 on the CoinMarketCap chart.

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Victor Nnamdi Igbor "Swaezy" is a crypto enthusiast and writer with over 8 experience in blogging. He is an easy person and when not working, loves to have a good time.