Do Whitepaper Claims Predict Market Behavior? Evidence from Cryptocurrency Factor Analysis
Murad Farzulla · 2026 · arXiv
WASTE classifies this as Negative / Null Result Report · AI classification, approximate
The study found no significant effect — useful as a negative control or null benchmark for your own design.
Abstract (excerpt)
This study investigates whether cryptocurrency whitepaper narratives align with empirically observed market factor structure. We construct a pipeline combining zero-shot NLP classification of 38 whitepapers across 10 semantic categories with CP tensor decomposition of hourly market data (49 assets, 17,543 timestamps). Using Procrustes rotation and Tucker's congruence coefficient (phi), we find weak alignment between claims and market statistics (phi = 0.246, p = 0.339) and between claims and latent factors (phi = 0.058, p = 0.751). A methodological validation comparison (statistics versus fact
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Metadata source: arXiv