The original post: /r/cryptocurrency by /u/GigglyGoggins on 2024-12-04 09:47:03.

I was recently talking to a friend and we was saying this token (whatever one we was discussing) “has X amount of new and active users! And X amount of wallets connected! And transactions! Wow look their getting good adoption”

Me being the speculative type, I thought couldn’t they just make new user accounts and wallets for free and push the numbers up? I mean you could manipulate the numbers by yourself right? By making new wallets connecting them and also with some blockchains fees are so small (depending on which one) I’m sure it’s not hard or expensive to create a huge amount of transactions by yourself? I’m sure most of these firms are doing this unless I’m missing something? Can they prove it? Is there a way to prove it? I don’t know, so I ask…

What do you think?