Andrew Tate, an influencer and former kickboxer who has lately been accused of human trafficking, introduced on X that he had burned over $10 million value of Solana-based TOPG tokens.
Tate obtained over 580 million TOPG tokens as a donation from an unnamed supply.
He acknowledged that his intention behind burning the tokens was to trigger chaos within the crypto group, stating, “It is not about cash. It is about sending a message.”
Do you know?
Need to get smarter & wealthier with crypto?
Subscribe – We publish new crypto explainer movies each week!
In a collection of different posts with offensive commentary on X, Tate introduced his assist for a brand new coin referred to as DADDY, trying to problem rapper Iggy Azalea’s newly launched memecoin MOTHER. He talked about his plan to burn all his DADDY tokens, aiming for at least $100 million in worth.
Blockchain knowledge platform Bubblemaps highlighted suspicious insider actions surrounding the DADDY token. In line with their report, insiders bought 30% of the $DADDY provide at launch earlier than Tate started selling it on social media, and these insiders at present maintain over $45 million value of tokens.
General, Tate’s current actions and controversial statements have stirred turmoil and suspicion within the crypto group.
In different information, Elon Musk lately threatened to ban Apple units in his corporations if OpenAI’s ChatGPT is built-in into iOS, citing safety issues.
Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Battle II period.
With near a decade of expertise within the FinTech trade, Aaron understands the entire greatest points and struggles that crypto fans face. He’s a passionate analyst who is anxious with data-driven and fact-based content material, in addition to that which speaks to each Web3 natives and trade newcomers.
Aaron is the go-to individual for the whole lot and something associated to digital currencies. With an enormous ardour for blockchain & Web3 schooling, Aaron strives to rework the house as we all know it, and make it extra approachable to finish freshmen.
Aaron has been quoted by a number of established retailers, and is a printed creator himself. Even throughout his free time, he enjoys researching the market developments, and in search of the following supernova.
