Memecoins
Andrew Tate Meme Coins Takes Over Solana
‘Tis the season for meme corners, alright!
There’s no two ways about it: Meme pieces are undoubtedly Solana’s main narrative, and it seems like it’s only a matter of time before another celebrity comes on board.
After Iggy Azalea, it is now Andrew Tate who has put the Solana community on its guard. Tate-inspired meme coins are now the top trending cryptocurrencies on DEXScreener, amassing hundreds of millions of dollars in capital in less than a few hours.
It’s difficult to follow the precise timeline, but Tate confirmed that he was indeed “creating chaos” in the crypto market and trying to “crash Solana.”
“A lot of people are asking me about all this chaos I’ve created in the crypto markets as I try to take down Solana. Millions of tweets were posted today because of me and my stupid tweets, I made a complete disaster. I’m sure some people have made millions of dollars from me…”
Indeed, the official timeline of Tate’s X account is flooded with crypto-related tweets, with some even claiming that he burned over $30 million worth of meme coins.
As a reminder, the same coins carry a significant risk of capital loss, they are intrinsically volatile and most of them have no particular use.