Andrew Tate, the social media sensation in the last few years, has been linked to three crypto tokens in recent times. Importantly, all the links were uncalled for and plain unethical. Earlier, CoinGape reported that ben.eth had linked PSYOP memecoin with Andrew Tate as a potential buyer. Whereas YouTuber Ben Armstrong’s links to the BEN memecoin were also indirectly linked to Tate. In December 2022, Armstrong supported Tate after the infuencer’s arrest. Armstrong had earlier in the week dumped all his BEN token holdings, which coincided with a price drop in the token.
Another crypto token $SLUTS was created recently with links to Andrew Tate. The influencer said the coin was created after he joked about launching a crypto token. Tate admitted that he holds cryptocurrency holdings worth $100 million and that he does not like to attend the crypto conferences. “I have 100m of crypto and I still don’t go to those boring conventions.” He explained that there was some sense to encourage Bitcoin and Ethereum but he would not endorse the memecoins.
The recent popularity behind memecoins like PEPE Coin led to the creation of new tokens. However, ethical practices like linking crypto tokens with influencers could have a cascading effect on the crypto market sentiment. Meanwhile, the Bitcoin price is displaying a bearish outlook amid weak macroeconomic scenario in the United States.
Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Reach out to him at anvesh@coingape.com. The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
