A market that moves real money on a metric it can't check
Projects pay accounts to post. The rate is set by follower count, and the outcome is assessed by looking at the replies. Both of those are purchasable, and both are routinely purchased.
Three assumptions the data killed
Every one of these felt obviously true before it was measured. They are on the site because a measurement tool that only publishes its successes is asking you to take its failures on faith.
Good KOLs stay good
Splitting each account's history in half and correlating gives −0.024. One went from +22.8% to −10.7% between its own halves. There is no leaderboard on this site because the data will not support one.
A real audience means good calls
Audience quality against subsequent returns: 0.052. A real audience is worth knowing about and tells you nothing about the token. So the scores stay separate rather than being averaged into one flattering number.
Bot accounts look like bots
Scoring engagers on follower count, age and ratio was inverted on labelled data. What actually works is reading the replies. That took the classifier from 78% to 91%.
Rules we set before they were inconvenient
Each of these costs something. They were decided in advance for exactly that reason.
Measurement, not predictions.
It is a smaller promise than the one this market is used to hearing. It is also the only one we can keep.