What Andrew Tate’s ‘crypto insanity’ has to do with Vitalik Buterin

Andrew Tate stirred a crypto storm over the weekend and flipped it into donation calls.
His calls echoed with Vitalik Buterin’s vision for ‘better memecoins.’

As an analyst with a background in finance and experience following the crypto market, I believe that Andrew Tate’s recent actions have created both controversy and intrigue within the crypto community. His provocative statements and shilling campaigns, such as challenging his followers to retweet for him to “own the crypto market,” and his attempt to crash the Solana network by buying and promoting various memecoins, led to massive trading volumes and price spikes for tokens like Real Ni**er Tate [RNT] and TOPG.

As a crypto investor, I’ve noticed that the market experienced significant volatility over the past weekend, resulting in a massive storm of price fluctuations. Amidst this chaos, influential figure and former kickboxer Andrew Tate has taken it upon himself to encourage those who have gained from his promotional efforts to give back to society.

For those who have profited from my crypto frenzy and seek to earn goodwill, consider making a donation to Tate Pledge. Your contribution will help alleviate hunger in children’s lives, an act often seen as favorable in the eyes of many faiths.

So, what’s the “crypto insanity” that is he referencing?

As a crypto investor with a substantial following on Twitter, I recently dared my audience of over 9 million to engage with a post by challenging me to “own the crypto market.” If this tweet received a sufficient number of retweets, I promised to make a significant investment in the digital currency space. Later that day, I added fuel to the fire with another bold statement, declaring on Twitter that… (continue with the rest of the original post).

“I will crash the Solana network.”

Andrew Tate crypto frenzy felt in Solana

I, the former kickboxer, intended to create chaos on the Solana network by aggressively purchasing and promoting numerous memecoins in massive quantities. This could potentially overwhelm the system and cause disruptions or even a temporary failure.

One variation could be: The influencer endorsed one particular meme coin among several, which was Real Ni**er Tate (RNT). At the moment of reporting, its price stood at $0.041, marking a 4% increase in value over the past day.

However, over the weekend, the token hit a massive $170 million in trading volume.

On June 8th, another meme related to Tate and TOPG saw a peak trading volume of approximately $238 million according to Coingecko’s data.

According to reports, the TOPG developer allegedly gave Tate more than half of the token’s total supply. Later on, Tate is said to have destroyed these tokens to boost the demand for them in the market.

Later on, the influencer stated that he made zero but turned people into millionaires on Solana.

I’ve had significant success in trading on the Solana platform, with over 100 million dollars worth of transactions under my belt. I’ve also helped others become millionaires through smart investments. However, my personal experience has been quite different. I’ve simply purchased coins and held onto them, only to see their value dwindle to nothing. Unfortunately, I haven’t made any profit from this strategy and will likely continue to make zero money in the crypto market.

From crypto promotion to social good?

On Mondays, influencers urged their followers who had profited from promoting his cryptocurrency to contribute a portion of their earnings towards causes that the crypto promoter supports.

It’s intriguing that Tate’s perspective aligned with Vitalik Buterin’s more current views on memcoins and the role of celebrities in their development.

Notably, Buterin had called for celebrity coins for social good as opposed to financial gains.

“I’m feeling quite unhappy about with ‘this cycle’s celebrity experimentation’ so far.

As a financial analyst, I would rephrase that sentence as follows: Iggy Azalea, an Australian celebrity, has adopted a unique financial strategy by partnering with her mother under the MOTHER token.

2024-06-10 22:15

Andrew Tate crypto frenzy felt in Solana

From crypto promotion to social good?

Read More