Beijing Business Today: Crypto Speculators Flock to Social Media Platforms

Jinse Finance reported that the Beijing Business Daily Financial Investigation Team published an article titled "The Army of Crypto Traders Floods Social Platforms," pointing out that the phenomenon of crypto trading traffic diversion has infiltrated platforms such as Xiaohongshu, Taobao, and Xianyu. What appears to be lifestyle sharing, newcomer benefits, or product links is actually a means of diverting traffic to crypto trading, brewing a carefully woven trap for ordinary people. In terms of traffic diversion methods, they are roughly divided into several types, such as creating topics to build IP or setting up advertising links on platforms. Industry insiders believe that a "counter-hunt" campaign against crypto trading chaos is also underway, but to completely end this game, it requires joint efforts from regulators, platforms, and users.