Popular model, influencer, and YouTuber Amanda Cerny is not behind when it comes to the world of cryptocurrencies!
With crypto catching craze and momentum in the world of de-finance, many social media influencers and celebrities have hopped on the bandwagon.
Influence Of Social Media Personalities On Crypto Prices
They have used their influence to promote crypto coins and tokens that they believe in. However, this came with a red flag.
Many social media personalities were found involved in rug pull cryptocurrency projects that had no real world benefits and the sole motive of such projects was to pump up the price by promoting the coin to their followers so that these social media personalities can sell all their coins at a higher place and get out!
Amanda Cerny Made $160,000
Amanda Cerny, who has more than 24 million Instagram followers and over a million Twitter fans has revealed that she made $160,000 trading in Dogecoin the last week.
Amanda tweeted “$Doge just made me $160,000.00in a week 🤷🏻♀️”.
$Doge just made me $160,000.00in a week 🤷🏻♀️— Amanda Cerny (@AmandaCerny) August 8, 2021
After she revealed her income from Dogecoin in the past week, Amanda went on a tweeting spree where she revealed that she is also holding other coins like BNB, ETH, UBT, LTC, and more.
The $160k profit that she made in Doge is a 40% return on her initial investment and anyone who is good with the math knows that Amanda’s initial investment into Doge would have been somewhere around $400,000.
‘Not A Financial Advisor’
She also advised her followers to ‘do your own research’ or else they will pay expensive lessons.
The model has also changed her bio to ‘not a financial advisor’ on Twitter.
What do you think about the crypto hype and social media personalities turning into short-term traders and crypto ‘experts’? Tell us your views in the comments.