• 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

Ethena Price Gains Momentum with Major Listings

chest

Ethena is experiencing a price rally, supported by significant listings and institutional interest.

user avatarJacob Williams

Solana Price Remains Steady Amid Major Upgrades

chest

Solana's price remains steady despite a slight dip, reflecting strong network activity and institutional confidence, bolstered by the Firedancer upgrade and upcoming SKR token airdrop.

user avatarAndrew Smith

Sui SUI Demonstrates Structural Stability and Network Growth

chest

Sui is recognized for its scalability and developer-focused tooling, showing signs of controlled accumulation.

user avatarAyman Ben Youssef

Raydium RAY Maintains Liquidity-Centric Performance on Solana

chest

Raydium continues to be a core liquidity hub within the Solana ecosystem, showing consistent trading activity.

user avatarSon Min-ho

Altcoin Market Shows Independent Structural Strength

chest

Current altcoin market conditions indicate selective strength and independent performance rather than synchronized speculation.

user avatarZainab Kamara

Bitcoin Faces Major Test as It Approaches Key Moving Average

chest

Bitcoin is nearing the 365-day moving average, a significant trend line that influenced the 2022 bear market.

user avatarTando Nkube

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.