Twitter Degens: Tracking and Analyzing Crypto Influencers

Idea

The goal of this project is to monitor and analyze the activity of well-known crypto influencers (often referred to as "degens") on Twitter. By subscribing to their tweets, we can gather data for in-depth analysis, including:

1. Token Mentions: Identify all the cryptocurrency tokens they promote or mention in their tweets.
2. Price Impact Analysis: Measure the price impact of these tokens after the influencer's posts.
3. Statistical Insights: Provide detailed analytics on each influencer's performance, including their reach, engagement, and the success rate of their token picks.

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How It Works

1. Subscribe to Influencers:

   • Create a list of prominent crypto degens on Twitter.
   • Use Twitter's API or web scraping tools to fetch their tweets in real-time or historically.

2. Token Extraction:

   • Analyze the tweets to identify mentions of cryptocurrency tokens (e.g., $BTC, $ETH, or lesser-known altcoins).
   • Use natural language processing (NLP) to filter out irrelevant content and focus on actionable token mentions.

3. Price Impact Analysis:

   • Track the price of mentioned tokens before and after the tweet.
   • Calculate metrics such as:
     • Percentage price change (1h, 24h, 7d post-tweet).
     • Trading volume spikes.
     • Market cap changes.

4. Influencer Statistics:

   • Build a profile for each degen, including:
     • Average engagement rate (likes, retweets, replies).
     • Success rate of their token picks (e.g., % of tokens that pumped after their tweet).
     • Historical performance of their recommendations.
   • Rank influencers based on their impact and reliability.

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Potential Use Cases

• Investors: Identify which degens have a proven track record of influencing token prices positively.
• Traders: Use real-time alerts to capitalize on price movements triggered by influencer tweets.
• Researchers: Study the correlation between social media activity and crypto market behavior.

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Example Output

Influencer Profile: @CryptoDegen123

• Total Tweets Analyzed: 500
• Tokens Mentioned: 120
• Average Engagement Rate: 8.5%
• Success Rate (Tokens That Pumped): 65%
• Top Performing Mentions:
  • $DOGE: +45% in 24h
  • $SHIB: +30% in 12h
  • $PEPE: +20% in 6h

Token Analysis: $DOGE

• Price Before Tweet: $0.10
• Price After Tweet (24h): $0.145 (+45%)
• Volume Increase: 300%
• Market Cap Change: +$5B

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Why This Matters

Crypto degens on Twitter often have a significant impact on the market, especially for low-cap altcoins. By systematically tracking and analyzing their activity, we can:

• Separate signal from noise.
• Identify trends and opportunities early.
• Avoid falling for pump-and-dump schemes.

This tool could become an essential resource for anyone navigating the volatile and hype-driven world of cryptocurrency.