1/ Average return

If you had bought every token at the time of its first mention, your average return would be around 150%. The top performers were:

- $WIF: +5,300%
- $BONK: +1,243%
- $MOTHER: +867%

Sounds impressive, right? Well, not quite

2/ Median return

When we switch to the median return, it drops to -55%. 

The reason for this disparity is that 33 out of 45 tokens had negative returns, with over half experiencing a drawdown of 50% or more

My portfolio: 90% stablecoins | 10% shitcoins. | 

Once dreaming of being a detective, I now expose KOLs dumping on you.

3/ Every token that Ansem genuinely backed showed 100% positive returns

This analysis aligns with the popular narrative by 

When Ansem believes in a project and supports it long-term, it tends to have a net positive impact on the industry.

The correlation between the number of tweets and the performance is crystal clear

4/ Methodology (not perfect, but robust):

- Scraped over 40k tweets.
- Wrote code to identify shilling by detecting tickers (using '$' followed by relevant characters).
- Captured the date of the first mention for each ticker
- Price action

Feel free to ask me the full list in DM 📩