According to Bold (@boldleonidas) on Twitter, a crypto market participant with a billion dollar position is actively promoting referral links and a memecoin, raising concerns about market manipulation and short-term volatility in the altcoin sector (source: Twitter, May 22, 2025). Traders should closely monitor wallet transactions and social sentiment for possible pump-and-dump scenarios, as large holders influencing low-cap coins historically lead to rapid price swings and liquidity risks, especially in trending cryptocurrency markets.

According to AltcoinGordon, referral link earnings in cryptocurrency trading can significantly differ, highlighting the importance of strategic affiliate marketing in enhancing revenue streams. This insight is essential for traders looking to maximize their income through affiliate programs, which can provide substantial financial benefits when effectively utilized. Proper usage of referral links can thus be a key strategy for increasing trading-related earnings (Source: AltcoinGordon).

According to ZachXBT, referral links from reputable exchanges like Binance, Bybit, and Coinbase are not problematic, unlike those from tier 3 scam exchanges.