• Elon Musk has imposed a new Twitter rate limit on verified and unverified accounts, limiting them to 6,000 and 600 posts respectively.
• Dogecoin (DOGE) continues to trade with 1.2% growth in the last 24 hours.
• Crypto celebrities, including Binance’s CEO Changpeng ‘CZ’ Zhao have reacted negatively to the move, believing that it is related to Elon Musk’s clash with OpenAI.
Elon Musk Imposes Read Rate Limit
Early Saturday morning tens of thousands of users found that their access to Twitter had been restricted due to Elon Musk’s latest attempt at curbing „extreme levels“ of data scraping. The tweet announced a new read rate limit for both verified and unverified accounts – 6,000 and 600 posts respectively.
Dogecoin Sees Unexpected Growth
Amidst this growing Twitter turmoil Dogecoin (DOGE) has seen unexpected growth over the past 24 hours – increasing by 1.2%. At press time the top dog memecoin was trading at around $0.678, making 3% gains since last week.
Crypto Celebrities React To Restrictions
Notably, new unverified users are limited to just 300 post reads – as per Mr Musk’s explanation this prevents system manipulation by artificial intelligence looking for data for their own large language models. Many crypto investors were quick to voice their dissatisfaction with the decision, including Binance’s CEO Changpeng ‚CZ‘ Zhao who stated: „Viewing should not be limited… No humans post more than 800 posts per day.“
Musk Clashes With OpenAI
The origin of these restrictions appears linked back to an ongoing feud between Mr Musk and OpenAI- although this is yet to be confirmed officially by either party involved in the disagreement.
Phishing Attacks Increase
It appears as though CZ’s comments were aimed at addressing the issue of comment section spam bots which includes rising crypto-related phishing attacks across social media platforms such as Twitter