Andrew Tate burnt 58% of Top G, representing about $11 million worth of the new Solana meme coin.
By Godfrey Benjamin
Edited by Julia Sakovich
Updated
3 mins read
In his usual dramatic style, internet sensation Andrew Tate challenged prominent ‘Crypto Twitter’ influencer Ansem to a $10 million crypto bet. In the X post, Tate claimed that the current crypto cycle is his and he ended up challenging Ansem to a boxing match. He also added:
“I will fight with one hand.”
Further declaring that the “Loser donates 10m to a coin of the winner’s choice”.
Considering that Tate has a successful kickboxing career, it is only logical to believe that he might win the bet so Ansem is not likely to accept the challenge. The $10 million crypto bet is not likely to see the light of day but moves are not so predictable in the crypto space.
This $10 million challenge comes after a recent Solana-based meme coin burn controversy that involved Tate.
Andrew Tate burnt 58% of Top G, representing about $11 million worth of the new Solana meme coin. The burn left only 37% of the memecoin available in circulation. This action led to a 130% increase in the value of the token and pushed its market capitalization to over $65 million. Tate’s move drew the attention of TOP G as its official X account praised the Internet personality.
“Now we cook,” they declared, suggesting the burn was a strategic move to enhance the token’s value.
On the other hand, Tate went on to boast about his disruptive capabilities, confidently asserting:
“I WILL CRASH THE SOLANA NETWORK.”
In a follow up comment, he posted “LOOK WHAT I CAN DO. TOP G IS GOING TO BURN IT ALL” further brewing controversy and debate within the crypto space.
His latest jab at Ansem could be part of his effort to grow his popularity in the crypto industry. Also, it may be one of Tate’s strategies to crush the Solana ecosystem. Ansem is one of the most popular faces in the crypto ecosystem, hailing from his impressive investment strategies over the years. He plunged his investment in Solana when the token was worth only $1.5. By the time Solana crossed to $260, Ansem had made a lot of profit.
He recently made a comment on SocialFi crypto, further amplifying his influence in the crypto community. Ansem could be described as a new-age millionaire who made his money from crypto investments. Oftentimes, crypto enthusiasts respect his investment opinions and take them seriously. Tate’s $10 million crypto bet is obviously a challenge to his popularity and position in the growing market.
In the meantime, neither Solana nor the broad crypto market is yet to experience the negative impact of Tate’s direct and indirect attack on the blockchain. SOL price is currently at $152.3, only 1.1% down in the last 24 hours. TOP G is still showing positive sentiment from the burning move made by Andrew Tate.
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Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
