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Insider Trading and Token Burns: The Controversy Surrounding Tate’s Crypto Operations

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In a shocking turn of events, Andrew Tate, a controversial influencer and former kickboxer, has made headlines once again. Tate, who has recently been accused of human trafficking, announced on X that he had burned over $10 million worth of Solana-based TOPG tokens.

The tokens, totaling over 580 million TOPG tokens, were donated to Tate by an unnamed source. In a bold move, Tate stated that his intention behind burning the tokens was to cause chaos in the crypto community, declaring, “It’s not about money. It’s about sending a message.”

But Tate’s actions didn’t stop there. In a series of provocative posts on X, he announced his support for a new coin called DADDY, aiming to challenge rapper Iggy Azalea’s newly launched memecoin MOTHER. Tate revealed his plan to burn all his DADDY tokens, with a target of at least $100 million in value.

However, suspicions arose when blockchain data platform Bubblemaps highlighted insider activities surrounding the DADDY token. According to their report, insiders purchased 30% of the $DADDY supply at launch before Tate’s social media promotion, and these insiders currently hold over $45 million worth of tokens.

Overall, Tate’s recent actions and controversial statements have caused turmoil and suspicion within the crypto community. In other news, tech mogul Elon Musk made waves by threatening to ban Apple devices in his companies if OpenAI’s ChatGPT is integrated into iOS, citing security concerns.

As the crypto world continues to evolve and face challenges, individuals like Andrew Tate and Elon Musk are making waves with their bold moves and statements. Stay tuned for more updates on these developing stories.

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