Andrew Tate Ignites Crypto Controversy

In a series of provocative tweets, former kickboxer and internet celebrity Andrew Tate has ignited another crypto controversy via a massive burn in the Solana ecosystem.

Tate revealed that he had burned $11 million worth of a new Solana meme coin, TOP G, sending the tokens to the SOL Incinerator. This dramatic move caused the price of the TOPG coin to skyrocket by over 130%, pushing its market cap to over $65 million.

Drastic Reduction in Supply

The Top G meme coin's official Twitter account praised Tate for burning 58% of the coin's supply, leaving only 37% in circulation.

Moreover, the account suggested that this drastic reduction in supply was a strategic move by Tate, aimed at boosting the coin's value. They celebrated the decision with the declaration, "Now we cook."

Bold Claims and Provocations

Tate's bold actions didn't stop there. In subsequent tweets, he vowed to "crash Solana." He boasted about his ability to disrupt the network, confidently asserting that his Top G coin would be the catalyst for "burning it all."

Furthermore, Tate's language was deliberately provocative, aimed at garnering maximum attention and stoking controversy within the crypto community.

"I WILL CRASH THE SOLANA NETWORK." - Andrew Tate

Encouraging Followers and Mixed Reactions

Tate's tweets didn't just stop at his intentions to crash Solana. He also encouraged his followers to send him coins, increasing the number of tokens.

After burning the tokens, Tate boasted, "GUESS HOW MUCH MONEY I've MADE TODAY? ZERO." he claimed that he had made over $100 million in trades through Solana, turning people into millionaires. However, he noted that he profited nothing from the recent Solana meme Coin burn.

Despite the significant 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 noted, was intended to show his power and influence within the crypto world.

A Ripple in the Crypto Community

Tate's actions have drawn a mixed response from the crypto community. Some view him as a reckless influencer, while others see him as a strategic player leveraging his influence to impact the market. Despite the opinions, Tate's ability to create waves in the crypto world is undeniable.

The price of the Top G coin surged by over 135%, pushing the value of burned tokens to a massive $38.77 million. This remarkable price rally was attributed to the enormous token burn, effectively removing a substantial portion of the tokens from the market.

The Controversy Continues

The controversy surrounding Andrew Tate and the Top G coin is far from over. The internet celebrity has expressed his desire to perform similar burns on the Solana network.

Moreover, he asked his fans to send him coins so he could execute his next move. Earlier, the TOP G tokens he burned were reportedly sent by his fans.