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68% of crypto advice on TikTok is misleading, often prioritizing influencers’ personal gain. 35% of misleading videos promise unrealistic returns, with 61% lacking proper risk disclosures. As cryptocurrency continues to capture the public’s attention, social media has become a key platform for influencers to share their insights. Among the various channels, TikTok has emerged as a prominent space for crypto advice, with millions of viewers consuming content daily. While many users are eager to learn about digital assets, a closer look reveals that a significant portion of crypto-related content on TikTok may not be as trustworthy as it seems. A recent analysis of over 1,000 TikTok videos using popular crypto hashtags such as #cryptok and #crypto paints a concerning picture. Shocking data from the crypto industry The study found that a staggering 68% of crypto advice on the platform is misleading, putting viewers at risk of making poor financial decisions. As expected, many influencers appear to prioritize personal gain, promoting specific assets or promising exaggerated returns without offering proper disclaimers or warnings. In fact, according to the report by Cryptoninjas and Storible, 61% of misleading videos fail to include disclaimers that could help viewers evaluate the risks associated with crypto investments. Coins that have garnered influencer’s attention In addition to this oversight, influencers are often seen promoting specific coins, further skewing the content towards personal gain. The analysis reveals that Bitcoin [BTC] is the most frequently promoted asset, appearing in 34% of videos, followed by Ripple [XRP] with 21%. Solana [SOL], Ethereum [ETH], and Dogecoin [DOGE] also make the list, with 16%, 15%, and 14% of videos respectively, all without proper contextual information or risk disclosures. Commenting on the situation, the report added, “Another disturbing trend is the promotion of particular cryptocurrencies. 58% of misleading Tiktok videos promote a specific…