In a collection of provocative tweets, former kickboxer and web movie star Andrew Tate has ignited yet one more crypto controversy through an enormous burn within the Solana ecosystem. Tate revealed that he had burned $11 million value of a brand new Solana meme coin, TOP G, sending the tokens to the SOL Incinerator. This dramatic transfer prompted the value of the TOPG coin to skyrocket by over 130%, pushing its market cap to over $65 million.
The Top G meme coin’s official Twitter account praised Tate for burning 58% of the coin’s provide, leaving solely 37% in circulation. Moreover, the account prompt that this drastic discount in provide was a strategic transfer by Tate, aimed toward boosting the coin’s worth. They celebrated the choice with the declaration, “Now we cook.”
Andrew Tate’s Solana Meme Coin Burn Saga
Tate’s daring actions didn’t cease there. In subsequent tweets, he vowed to “crash Solana.” He boasted about his skill to disrupt the community, confidently asserting that his Top G coin could be the catalyst for “burning it all.” Furthermore, Tate’s language was intentionally provocative, aimed toward garnering most consideration and stoking controversy.
In one tweet, Tate proclaimed, “I WILL CRASH THE SOLANA NETWORK.” He additional stirred the pot by stating, “LOOK WHAT I CAN DO. TOP G IS GOING TO BURN IT ALL.” Tate’s tweets rapidly went viral, including gasoline to the already intense debate inside the crypto area.
Tate’s tweets didn’t simply cease at his intentions to crash Solana. He additionally inspired his followers to ship him cash, resulting in an inflow of tokens. After burning the tokens, Tate boasted, “GUESS HOW MUCH MONEY I’VE MADE TODAY? ZERO.” Moreover, he claimed that he had remodeled $100 million in trades by Solana, turning folks into millionaires.
However, he famous that he personally profited nothing from the current Solana meme coin burn. Despite the numerous loss from burning the tokens, Tate remained defiant. He corrected himself in a follow-up tweet, saying, “Correction. I lost $11 million by setting it on fire ;)” The burn, he famous, was supposed to point out his energy and affect inside the crypto world.
In one other tweet, Tate wrote, “Feeling rich and reckless. 2000 RTs and I will diamond hands over 1M USD today into random shit that I NEVER EVER SELL.” This tweet garnered over 5700 retweets, prompting Tate to buy $100,000 value of GameStop (GME) shares at $46.55 per share. On an analogous observe, he wrote, “2000 RETWEETS AND I BUY MORE JUNK DIAMOND HANDS NEVER SELLING IN IT FOR THE LULZ WE MUST CRASH SOLANA.”
Also Read: Could Solana Price Reach $1,000 If Crypto Market Cap Rockets To $5 Trillion?
Impact On TOP G Price
Tate’s actions have drawn a combined response from the crypto group. Some view him as a reckless influencer, whereas others see him as a strategic participant leveraging his affect to influence the market. Regardless of the opinions, Tate’s skill to create waves within the crypto world is simple.
The influence of Tate’s actions was quick. The value of the Top G coin surged by over 135%, pushing the worth of burned tokens to an enormous $38.77 million. This exceptional value rally was attributed to the huge token burn, which successfully eliminated a considerable portion of the tokens from the market.
The controversy surrounding Andrew Tate and the Top G coin is much from over. The web movie star has expressed his need to carry out comparable burns on the Solana community. Moreover, he requested his followers to ship him cash so he may execute his subsequent transfer. Earlier, the TOP G tokens he burned had been reportedly despatched by his followers.
Also Read: Where’s The Popular Solana Meme Coins Standing Today? Hike Or Drop
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