Controversial web persona and self-described misogynist Andrew Tate claims he made $85 million on Binance-supported, so-called decentralized alternate PancakeSwap.
Tate, who at the moment faces — and denies — prices of rape, sexual assault, and human trafficking in Romania and the UK, didn’t present any dates, coin costs, or pockets addresses to permit researchers to analyze his declare. This has, understandably led many to doubt that he may have made a lot cash on such a comparatively obscure alternate.
Nevertheless, as standard, the reality of his claims barely mattered as he shortly parlayed that unimaginable PancakeSwap declare right into a promotional commercial for his $49/month Discord group. There, he boasted, clients can study future pumps and dumps.
They will additionally apparently pay for extra Discord entry, together with a multi-thousand-dollar upsell payable in chargeback-proof bitcoin.
Sure, Tate has overtly marketed early entry to pumps and dumps. All through his colourful media profession, he has promoted many sketchy crypto property outright.
There’s meme cash that’s nice.
However every bull run there are the genuinely technological helpful or innovating blockchain cash.
Final bull run was Defi land. Made 85M on pancake.
Are you aware what they’re this bull run?
— Andrew Tate (@Cobratate) March 18, 2024
Tate says meme cash gained’t lead the following bull run.
Learn extra: Andrew Tate could get better 21 seized bitcoin now value 88% extra
Andrew Tate says meme cash aren’t the crypto meta
Along with claiming multi-million greenback income to promote his paid Discord server, Tate additionally claimed that the present bull run will not be the present bull run.
Regardless of overwhelming proof that meme cash are the present meta in crypto and outperforming each different class, Tate disagrees. As an alternative, he says that meme cash should give up management to “genuinely technological helpful or innovating blockchain cash.”
Prefer it or not, meme cash are undoubtedly the present meta in crypto. Per Google Tendencies, search curiosity in meme cash has elevated a minimum of 600% within the final month and 50,000% in 12 months. The main meme coin PEPE has rallied 4 million % inside 12 months. Solana’s blockchain went offline this week as a result of so many customers had been launching meme cash and bigger meme cash like DOGE, SHIB, and FLOKI have greater than doubled.
Simply launch a coin already, it’s going to occur in the end. Could as properly be now.
— Eric Cryptoman (@EricCryptoman) March 18, 2024
Learn extra: Tucker Carlson mocks SBF throughout unhinged Andrew Tate interview
Tate, ignoring this proof, claims that crypto’s subsequent bull run shall be completely different from the final one, which apparently had DeFi as its stylish meta. He requested his followers to guess at new blockchain improvements.
Even with felony prices nonetheless pending, Tate continues to be claiming to be a trusted crypto professional. Certainly, not solely does he declare to know greater than Google in regards to the fastest-growing matter in crypto, he claims that he made $85 million on Binance’s PancakeSwap.
After all, PancakeSwap’s token is now down 91% from its all-time excessive. Tate’s trophy DEX has additionally misplaced $5.7 billion from its once-$7.8 billion ecosystem.
