Altcoin
Andrew Tate Makes Absurd $10M Crypto Bet Amid Solana Saga
In a move that has once again spotlighted his flair for the dramatic, former kickboxer Andrew Tate has thrown down a $10 million crypto bet on X. Tate’s challenge was directed at prominent ‘Crypto Twitter’ influencer Ansem. Moreover, the latest comment comes on the heels of the Solana meme coin burn controversy.
Andrew Tate Takes On Ridiculous Crypto Bet
Andrew Tate began the tweet by declaring that the current cycle is his and challenged Ansem for a boxing match. The internet personality added, “I will fight with one hand.” Furthermore, he declared, “Loser donates 10m to a coin of the winner’s choice.”
Since Tate has had a fruitful career in kickboxing, the bet makes sense. However, it is unlikely that Ansem would agree to it. Hence, the $10 million crypto investment could actually not become a reality. Nevertheless, Tate has taken great interest into the crypto market lately and his next move can’t be predicted.
Ansem, the target of Tate’s boxing challenge, has been gaining considerable popularity over the past year due to his impressive investment story. He invested in Solana (SOL) when it was worth only $1.5, making a staggering 170x profit when the crypto skyrocketed to its all-time high of $260.
Moreover, the crypto influencer’s success has made him a notable figure in the crypto community. In addition, his recent commentary on SocialFi crypto has only amplified his influence. Furthermore, he is a new-age crypto millionaire, hence, the community takes his advise seriously.
However, Tate seems to overthrow Ansem’s popularity in the ecosystem. The latest provocative tweet follows a series of high-profile actions within the Solana ecosystem, where Tate recently burned $11 million worth of a new Solana meme coin, TOP G. This dramatic event caused the TOP G coin’s price to skyrocket by over 130%, boosting its market cap to over $65 million.
Also Read: Bonk Price Prediction: Will Solana Meme Coin Sustain 4% Surge in a Bloody Cryptocurrency Market?
The TOP G Burn Controversy
The Top G meme coin’s official Twitter account praised Tate for burning 58% of the coin’s supply, leaving only 37% in circulation. “Now we cook,” they declared, suggesting the burn was a strategic move to enhance the coin’s value.
The former kickboxer’s actions have not gone unnoticed within the crypto community, as his subsequent tweets have only added fuel to the fire. Tate boasted about his disruptive capabilities, confidently asserting, “I WILL CRASH THE SOLANA NETWORK.” In another tweet, he claimed, “LOOK WHAT I CAN DO. TOP G IS GOING TO BURN IT ALL,” further stoking controversy and debate within the crypto space.
Despite Tate’s aggressive stance and the massive burn of TOP G tokens, he has insisted that his intentions are not purely self-serving. After encouraging his followers to send him coins, he subsequently burned them. However, Tate revealed, “GUESS HOW MUCH MONEY I’VE MADE TODAY? ZERO.”
He claimed that he had made over $100 million in trades through Solana, helping others become millionaires, yet personally profiting nothing from the recent burn. In a follow-up tweet, he clarified, “Correction. I lost $11 million by setting it on fire ;),” underscoring his intent to demonstrate power and influence within the crypto world.
The impact of Tate’s actions on the Solana network and the broader crypto market remains to be seen. His vow to “crash Solana” and his provocative tweets have certainly captured the attention of the crypto community and beyond. The TOP G coin, despite its volatile history, has seen a significant increase in value.
The Solana meme coin erased a zero in its value and surged to an ATH of $0.07836, marking a whopping 1045% increase after Tate initiated the burn. This suggests that Tate’s strategy may be paying off in unexpected ways. However, the crypto also plummeted to new lows thereafter, indicating that these trends might be short-lived.
Also Read: Solana Plummets to Double-Digit Weekly Losses: Possible Short-term Reversal?
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