• 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

Bitget Wallet Enhances User Experience with New Payment-Centric Design

chest

Bitget Wallet has revamped its interface to focus on payments, reflecting a shift towards everyday financial activities.

user avatarEmily Carter

BTC Inc Achieves 140% Revenue Growth

chest

BTC Inc has reported a remarkable 140% year-over-year revenue growth, attributed to successful Bitcoin Conferences and a stronger digital reach.

user avatarTomas Novak

Brandon Green Takes the Helm as CEO of BTC Inc

chest

Brandon Green has been appointed as the new CEO of BTC Inc, effective November 17, 2025, to enhance Bitcoin's global presence and drive further expansion.

user avatarKaterina Papadopoulou

Bitget EU to Implement Strict Compliance Measures

chest

Bitget EU is set to implement strict compliance measures, including enhanced KYC controls and rigorous token listing criteria to ensure adherence to MiCA regulations.

user avatarDiego Alvarez

XO Swap Enhances User Experience in Pera Wallet

chest

The XO Swap engine streamlines crosschain swaps, making it easier for users to access the Algorand network.

user avatarAisha Farooq

Infinex INX Tokenomics and Distribution Framework Unveiled.

chest

Infinex has revealed the tokenomics for its INX token, focusing on governance rights, revenue sharing, and ecosystem incentives, with a structured distribution to ensure a balanced ecosystem.

user avatarLeo van der Veen

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.