Tis the season of coin memes, alright!
There’s no two ways about it: meme coins are undoubtedly Solana’s main narrative, and it seems like it’s only a matter of time before another celebrity gets on board.
After Iggy Azalea, now it’s Andrew Tate who has set up the Solana community. Tate-inspired meme coins are now the trending cryptocurrencies on DEXScreener, amassing hundreds of millions of dollars worth of capital in less than a couple of hours.
It’s challenging to follow the precise timeline, but Tate has confirmed that he is indeed “creating chaos” in the crypto market and trying to “crash Solana.”
“There are a lot of people asking me about all this chaos I’ve created in the crypto markets while trying to crash Solana. Millions of tweets were made today because of me and my stupid tweets, I made a complete mess. I’m sure some people made millions off my backside…
In fact, Tate’s official X account timeline is flooded with crypto-related tweets, some even claiming that he has burned over $30 million of some meme currency.
As a quick reminder, meme coins themselves carry a substantial risk of capital loss, are inherently volatile, and most of them have no particular utility.
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