DoubleChecks

What was claimed

When the bull market comes, 90% of crypto traders will lose everything to influencer scams using FOMO and pump schemes

Our verdict

Needs caution

This is a specific future prediction and no credible data supports the precise 90% figure or that influencer scams will be the cause of losses at that scale; available studies document scams and trader losses but do not substantiate this exact statistic. This is a conditional prediction about future market conditions. While scams occur in both bull and bear markets, predicting they will intensify specifically during bull markets is speculative.

All 3 AI systems agree20 sources citedChecked Aug 11, 2026

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Key findings

Losses will occur specifically 'when the bull market comes'

Can’t verify60%
1 AI checked

When the bull market comes, 90% of crypto traders will lose everything to influencer scams using FOMO and pump schemes

Can’t verify73%
2 of 4 AIs agree·Perplexity: Incorrect, Perplexity: Verified

FOMO and pump schemes are used in influencer scams

Verified90%
1 AI checked

Influencer scams and pump schemes cause significant crypto trader losses

Verified95%
1 AI checked

Verified against 20 sources

youtube.combydfi.comblog.kelley.iu.edublogs.law.ox.ac.uklibrary.hbs.eduftc.govcointribune.combinance.comyoutube.comcryptorank.iofinance.yahoo.combinance.comftc.govreddit.compmc.ncbi.nlm.nih.govbbc.combinance.cominstagram.comreddit.comfacebook.com

Detailed Analysis

The claim mixes a broad, unsupported statistic with a more general warning that is partly supported by research. Sources do support that crypto influencer advice can lead to losses and that scams use FOMO and pump-and-dump patterns, but they do not establish that 90% of all crypto traders will lose everything in a bull market. The statement is therefore exaggerated and misleading.

Why this verdict

  • The claim mixes a broad, unsupported statistic with a more general warning that is partly supported by research.
  • Sources do support that crypto influencer advice can lead to losses and that scams use FOMO and pump-and-dump patterns, but they do not establish that 90% of all crypto traders will lose everything in a bull market.
  • The statement is therefore exaggerated and misleading.

Claims checked

When the bull market comes, 90% of crypto traders will lose everything

Incorrect92%
The provided sources do not support this exact statistic, and the cited research shows average losses for followers of crypto influencers, not that 90% of all traders lose everything. The claim is a sweeping numerical prediction without evidence.

This claim may mislead readers without added context.

Influencer scams use FOMO and pump schemes

Verified91%
FTC, BBC, and academic sources describe crypto scams and influencer-driven promotions that rely on hype, emotional trading, and pump-and-dump-like behavior. The research also shows short-term gains followed by negative longer-term returns.

What other AI think

The claim mixes verifiable elements with unverifiable predictions. While influencer scams and pump schemes do cause significant losses (documented at $740M+ in 2025), the specific "90% will lose everything" prediction is speculative and overstated. The claim uses absolute language where evidence suggests more nuanced outcomes.

Why this verdict

  • The claim mixes verifiable elements with unverifiable predictions.
  • While influencer scams and pump schemes do cause significant losses (documented at $740M+ in 2025), the specific "90% will lose everything" prediction is speculative and overstated.
  • The claim uses absolute language where evidence suggests more nuanced outcomes.

Claims checked

Losses will occur specifically 'when the bull market comes'

Can’t verify60%
This is a conditional prediction about future market conditions. While scams occur in both bull and bear markets, predicting they will intensify specifically during bull markets is speculative.

90% of crypto traders will lose everything

Can’t verify85%
This is a future prediction presented as certainty. While one specific memecoin saw 86% losses, predicting universal outcomes for all traders during a future bull market cannot be verified. The claim also overstates losses—not all traders lose 'everything.'

FOMO and pump schemes are used in influencer scams

Verified90%
Research confirms pump-and-dump schemes use social media promotion and FOMO tactics. Studies document coordinated Telegram/Discord channels explicitly promoting pumps to drive participation.
The statement is a categorical future prediction with a precise numeric rate (90%) and a specific cause. There is no reliable evidence to support that exactly 90% of crypto traders will “lose everything” to influencer-driven FOMO and pump schemes, so the claim is not verifiable and is misleading as stated.

Why this verdict

  • The statement is a categorical future prediction with a precise numeric rate (90%) and a specific cause.
  • There is no reliable evidence to support that exactly 90% of crypto traders will “lose everything” to influencer-driven FOMO and pump schemes, so the claim is not verifiable and is misleading as stated.

Claims checked

When the bull market comes, 90% of crypto traders will lose everything to influencer scams using FOMO and pump schemes

Can’t verify60%
This is a specific future prediction and no credible data supports the precise 90% figure or that influencer scams will be the cause of losses at that scale; available studies document scams and trader losses but do not substantiate this exact statistic.

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