• 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

a year 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

Thomas Lee Young Revolutionizes Industrial Safety with AI

chest

24-year-old CEO Thomas Lee Young is transforming industrial safety through AI, leveraging his unique background from Trinidad's oil rigs.

user avatarAyman Ben Youssef

Surge in Trading Volume for Top Cryptocurrencies

chest

Surge in trading volume for top cryptocurrencies driven by onchain activities and increased interest in staking.

user avatarTando Nkube

Federal Reserve's Rate Policy Affected by AI Concentration

chest

The concentration of growth in a few tech companies has influenced the Federal Reserve's decision-making regarding interest rates.

user avatarNguyen Van Long

Future of Crypto Market Depends on Economic Indicators

chest

The potential for a retail-driven crypto boom in 2026 hinges on macroeconomic conditions and the performance of AI companies.

user avatarKofi Adjeman

PENDLE Forms Symmetrical Triangle as Traders Anticipate Breakout

chest

PENDLE is forming a symmetrical triangle pattern on the 3-hour chart, indicating potential for a breakout as traders anticipate significant price movement.

user avatarJesper Sørensen

PENDLE Experiences Short-Term Price Decline Amid Active Selling

chest

PENDLE's price has dropped to 212, reflecting active sell-side participation and a failed attempt to reclaim resistance.

user avatarSatoshi Nakamura

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.