A study of 15 paid Discord servers found that finfluencer options recommendations trigger immediate retail buying, with prices rising an average 3% in the first minute and retail volume surging 14.5 standard deviations above normal. The price effects typically fade within two hours, raising conflict-of-interest concerns as influencers may profit from follower herding.
Finfluencer Discord Tips Spark Quick Options Spikes, Study Finds
Source: Moneycontrol