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Andrew Tate burns $38 million Solana Meme tokens and vows to bring down the network
In a series of provocative tweets, former kickboxer and internet celebrity Andrew Tate has ignited another cryptocurrency controversy causing a huge fire in the Solana ecosystem. Tate revealed that he burned a new Solana worth $11 million memetic currency, TOP G, sending the tokens to the SOL Incinerator. This dramatic move caused the price of TOPG coin to skyrocket by over 130%, pushing its market capitalization to over $65 million.
The Top G meme coin’s official Twitter account praised Tate for burning 58% of the coin’s supply, leaving only 37% in circulation. Furthermore, the report suggested that this drastic reduction in supply was a strategic move by the Tate to increase the value of the coin. They celebrated the decision with the declaration: “Now let’s cook.”
Solana Meme Coin Burn Saga by Andrew Tate
Tate’s courageous actions didn’t stop there. In subsequent tweets, she promised to “crash Solana.” He boasted of his ability to disrupt the network, confidently stating that his Top G coin would be the catalyst to “burn everything down.” Furthermore, Tate’s language was deliberately provocative, aimed at garnering maximum attention and stoking controversy.
In a tweet, Tate proclaimed: “I WILL CRASH THE SOLAN NET.” She further stirred the pot by stating, “LOOK WHAT I CAN DO. TOP G WILL BURN EVERYTHING. Tate’s tweets quickly went viral, adding fuel to the already intense debate within the crypto space.
Tate’s tweets weren’t just limited to his intentions to crash Solana. He also encouraged his followers to send him coins, resulting in an influx of tokens. After burning the tokens, Tate boasted, “GUESS HOW MUCH MONEY I MADE TODAY? ZERO. “Also, he claimed to have made over $100 million in trades through Solana, turning people into millionaires.
However, he noted that he personally did not profit from the recent fire of the Solana meme coin. Despite the significant loss from burning the tokens, Tate remained defiant. He corrected himself in a subsequent tweet, saying: “Correction. I lost 11 million dollars setting it on fire ;)” The fire, he noted, was intended to show off his power and influence in the world of cryptocurrencies.
In another tweet, Tate wrote: “Feeling rich and reckless. 2000 RT and today I will hand over over 1 million dollars in some random shit that I NEVER EVER SELL. This tweet garnered over 5,700 retweets, prompting Tate to purchase $100,000 worth GameStop (GME)
shares at $46.55 per share. On a similar note, he wrote: “2000 RETWEET AND I BUY MORE HANDS OF JUNK DIAMONDS I NEVER SELL IT FOR THE LULZ WE HAVE TO CRASH SOLANA.”
Read also: Could Solana’s price reach $1,000 if the cryptocurrency market capitalization rises to $5 trillion?
Price impact TOP G
Tate’s actions sparked mixed responses from the crypto community. Some see him as a reckless influencer, while others see him as a strategic player who uses his influence to make an impact on the market. Regardless of opinions, Tate’s ability to create waves in the cryptocurrency world is undeniable.
The impact of Tate’s actions was immediate. The price of the Top G coin increased by more than 135%, pushing the value of the tokens burned to a whopping $38.77 million. This notable price rise has been attributed to massive token consumption, which has effectively removed a substantial portion of tokens from the market.
The controversies surrounding Andrea Tate and the Top G coin is far from finished. The Internet celebrity expressed a desire to perform similar burns on the Solana network. Furthermore, he asked his fans to send him coins so he can make his next move. Previously, the TOP G tokens that he burned were allegedly sent by his fans.
Read also: Where are Solana’s popular meme coins found today? Get on or off