The article discusses accusations of crypto scams promoted by influencers on x, and the platform's algorithm changes. while it mentions specific meme coins indirectly through association with influencer activity, it doesn't directly impact the price of major cryptocurrencies like bitcoin or ethereum. the focus is on platform dynamics and influencer behavior, not direct market manipulation of these coins.
The news is primarily about platform policy and influencer behavior on x, not about the underlying fundamentals or market dynamics of specific cryptocurrencies. while it might indirectly affect sentiment around meme coins or platforms heavily used for crypto promotion, it doesn't provide direct signals for a price movement in major cryptocurrencies.
The impact of this news is likely to be short-lived, as it pertains to a specific dispute on a social media platform and its algorithm. once the immediate discussion around the dispute and algorithm update fades, its direct influence on crypto prices will diminish.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Director of Product at X Nikita Bier publicly accused influencer Ian Miles Cheong of promoting scam cryptocurrencies, linking the collapse of his account's reach not to system bugs but to aggressive spam behavior. The conflict unfolded amid the publication of X's recommendation algorithm update on GitHub, which the crypto community met with deep skepticism and accusations that Elon Musk failed to deliver on transparency promises. Advertisement The dispute began after well-known blogger Ian Miles Cheong (1.2 million followers) complained that X's algorithms were secretly suppressing the reach of his posts. The response from Bier was harsh, directly linking Cheong's declining metrics to his abrupt transition from political commentary to aggressive meme coin promotion. Oh? https://t.co/akIYYVRSTp HOT Stories Peter Brandt Warns Solana Could Crash Is Hyperliquid Worth All the Recent Hype? — Ian Miles Cheong (@ianmiles) May 17, 2026 Bier argued that creators naturally lose engagement after participating in questionable activity and "robbing" from their followers. Advertisement Cheong responded by attempting to redirect attention, calling the accusations an effort to distract from platform bugs. He also reminded Bier that he himself previously promoted BelieveApp and launched his own tokens. Why the new AI algorithm shrinks crypto influencer reach on X This local dispute highlighted a much deeper issue - X's GitHub source code and how the platform's new AI-driven filters actually operate. On one side, the platform has introduced aggressive automated moderation tools: Grok AI Module: The neural network based on xAI's Grok now deeply analyzes post context. Posts promoting questionable financial schemes, meme coins, and clickbait are automatically downranked for failing Brand Safety standards required by major advertisers. Author Diversity Scorer: The algorithm artificially limits reach (attenuation) for an author's subsequent posts if a previous post "went viral." The system effectively demands pauses between posts and penalizes excessive activity. At the same time, the situation became a trigger for growing skepticism across the crypto industry . Users point out that Elon Musk failed to keep his promise to update the algorithm's code monthly - the first version was released in January 2026, and the repository has not been updated since. Advertisement You Might Also Like Sat, 05/16/2026 - 09:27 'Most Entertaining Outcome': Did Elon Musk Endorse Dogecoin? By Dan Burgin Analysts and developers, including Vitalik Buterin , have identified major gaps in the public release. The real ranking formula weights remain hidden, while the open-source code itself reportedly differs from the production version. As a result, high-quality crypto content is increasingly pushed out of the "For You" feed, replaced by political conflicts and clickbait. Critics argue that this leaves the platform vulnerable to coordinated attacks against reputable accounts through mass reporting campaigns and suspensions. #Cryptocurrency Scam #Cryptocurrency Adoption