• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Promotion of Solana Tokens by Former Kickboxer Sparks Crypto Controversy

user avatar

by Giorgi Kostiuk

2 years ago


Former kickboxer, who had previously criticized cryptocurrencies, has caused a commotion in the crypto community by endorsing various Solana tokens. The influencer's Twitter activity led to fluctuating prices for Solana, with analysts discussing the support and resistance levels of the token. Andrew Tate, a former kickboxer with a history of controversial remarks, surprised many with his endorsement of Solana tokens, despite his past skepticism towards the crypto market. Tate's promotion was accompanied by racially insensitive comments that further fueled the controversy. The uproar began when Tate announced on Twitter his intention to hold $1 million worth of random assets with 'diamond hands,' a term indicating unwavering long-term commitment to an asset's value. Subsequently, his provocative statement threatening to 'CRASH THE SOLANA NETWORK' raised concerns about potential market manipulation by flooding the Solana blockchain with a large token purchase, which could overwhelm its transaction processing capabilities. Currently, Solana supports approximately 1,900 transactions per second, indicating the scale of impact such a move could have. The unexpected endorsement by Tate added a layer of intrigue to the ongoing debates surrounding cryptocurrency and its volatile nature. For further details, visit CryptoTale.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Massive Shiba Inu Whale Transfers 21 Trillion SHIB to Robinhood

chest

A massive Shiba Inu whale transferred 21 trillion SHIB worth around $163 million to Robinhood, emptying 97% of its holdings and causing market speculation.

user avatarMaria Gutierrez

USDD Partners with Chainlink to Improve Pricing Accuracy.

chest

USDD, the largest native stablecoin on Tron, has adopted the Chainlink data standard for pricing data across multiple blockchains, enhancing pricing reliability.

user avatarAndrew Smith

Mission 70 Launches an All-Encompassing Plan to Decrease ICP Inflation.

chest

The Mission 70 white paper introduces a structured strategy that combines supply-side reductions with demand-side acceleration to achieve a 70% reduction in ICP inflation.

user avatarDavid Robinson

Bitcoin Hyper and SUBBD Attract Early Buyer Interest

chest

Bitcoin Hyper and SUBBD are gaining attention from early buyers, although they lack the clear timelines that BlockDAG offers.

user avatarJacob Williams

YouTube Strengthens Parental Controls and Introduces New Features

chest

YouTube is enhancing parental controls, allowing parents to set time limits for Shorts and introducing a customizable multiview feature for YouTube TV.

user avatarAyman Ben Youssef

Stellar Experiences Swift Expansion Due to Rising Adoption.

chest

Stellar is experiencing rapid growth in network usage, with a significant increase in market capitalization.

user avatarZainab Kamara

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.