Analysis: Most of the Meme coins promoted by internet celebrity Andrew Tate are nearing zero value
Bubblemaps posted on X stating that most of the Meme coins promoted by Instagram influencer Andrew Tate have nearly zeroed out. Since June 7, Tate has endorsed more than 10 types of Solana ecosystem Meme coins, and shortly thereafter, most of these tokens have lost about 99% of their value. For example, "Andrew Tate first bought GER (Germany Token)... a cluster holds 30% of the supply volume, its price has dropped by 99% within two months."
Most other cryptocurrencies endorsed by Tate also fell more than 90%, including Fuck Tristan (FTRISTAN), TopG (TOPG), RNT (RNT) and Daddy Tate (Daddy).
In addition to Tate, several celebrities such as 50 Cent, Caitlyn Jenner and Iggy Azalea have also promoted tokens based on Solana, many of which have lost most of their value. Analysis pointed out that the prices of more than 30 "celebrity coins" launched on Solana in June this year did not fall less than 73.23%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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