Elon Musk’s Scam Crypto Claim Results In Suspension Of Meme Coin-Linked AI Bot On Twitter

Crypto scams are recently taking different dimensions in the crypto space, as most of the scams now come through social media platforms. 

Scammers currently try to create fake accounts to trick the public. In a recent incident, Twitter suspended a popular AI bot, ‘Explain This Bot,’ an account linked to a meme coin. The suspension is based on Elon Musk’s recent claim that the account is a crypto scam.

Twitter Suspends Explain This Bob Account

On June 18, the former CEO of Twitter, Elon Musk, disclosed that the artificial intelligence-powered bot was a scam in a response tweet to the account. He noted that the account will be closed if discovered to be so. Following Musk’s post, the bot account was suspended.

Before its suspension, the AI-powered bot account has gathered more than 400,000 followers. A computer science engineer from India, Prabhu Biswal, created the bot account using OpenAI’s GPT-4 model. 

This design allows the bot to understand and respond to several tweets from people tagging the account. The AI-powered bot is linked to the ERC-20 meme coin, Bob Token, launched in April 2023.

Notably, “Explain This Bot” went viral in April for its clever summaries and comedic responses to tweets. Also, Musk was among those that used the bot as the billionaire once commented ‘I love Bob’ in April 2023.

Notably, Musk’s engagement with the Bob bot attracted more followers to the account. The project’s website also captured Musk’s tweet as part of its promotional measures.

The former Twitter CEO also used the bot recently this month. While reacting to Bob’s response to a political discussion, Musk stated: “Once again, Bob nails it.”

But the bot account’s recent suspension negatively affected the meme coin Bob Token (BOB) price. According to data from CoinGecko, BOB plummeted by over 30% from its opening price of $0.00002902 as of June 18. At the time of writing, the meme coin is trading at $0.00001902.

Crypto Twitter Demands The Freedom Of BOB

Currently, crypto Twitter is filled with mixed reactions from observers following the suspension of Explain This Bob.

Some people think that Musk is convinced of foul play by the team behind Bob. A Twitter user, CJR Alpha pointed out that the team could be using the bot as an influencing measure to spike the price of BOB.

According to CJR alpha, Musk’s crackdown on the meme coin Twitter account revealed the intent to manipulate the market prices of the token.

However, the Bob Token account reacted to the suspension with a meme of Musk monitoring a prisoned Bob. It requested the freedom of Bob, with the hashtag sign ‘#FREEBOB.’

Crypto Twitter has been flooded with the hashtag ‘FREEBOB.’ Many people believed that suspending the bot account wasn’t justified since there was no proof that Bob Token was a scam. 

One of the enthusiasts argued that the meme coin is a fully decentralized crypto project, has a zero percent tax process, and underwent a fair launch.