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Andrew Tate buys 10,000 of this crypto, plans to ‘crash Solana’

Andrew Tate buys 10,000 of this crypto, plans to 'crash Solana'

The crypto community has been familiar with Andrew Tate for some time due to his general fondness of Bitcoin (BTC) – a fondness that led him to proclaim in May that he is done with fiat and is going all in on cryptocurrencies.

More recently, Tate has apparently taken to expanding his horizons when it comes to the crypto market, first predicting Ethereum (ETH) is set to hit $4,000 soon and has, by June 7, seemingly declared war on Solana (SOL).

Indeed, on June 7, the social media personality made an X post with the attached gif of the Muppets’ Elmo in front of a fire stating that he ‘will crash the Solana network.’

Near the same time, Tate announced he had purchased 10,000 of a Madonna-themed token with the explanation he had done so ‘because f*ck Madonna,’ using all capitalized letters, thus complementing his usual belligerent style.

Andrew Tate’s trading warpath

Shortly thereafter, the former kickboxing star made yet another post promising he would acquire more cryptocurrencies of dubious value and hold them ‘diamond hands’ should said post be shared more than 2,000 times.

By press time, the post was retweeted nearly 5,000 times.

Holding an asset ‘diamond hands’ refers to holding it indefinitely, no matter the circumstances. 

The term originated as a strong sign of support and belonging to a community during the original meme stock craze of late 2020 and early 2021, and Tate is, indeed, reportedly participating in the GameStop (NYSE: GME) short squeeze of 2024.

Can Andrew Tate really crash Solana?

Despite Andrew Tate’s bold claim and massive social media following, truly crashing the Solana network might prove a tall order. Indeed, the blockchain is known for its consistent uptime and scalability and has, so far, been handling significant volumes successfully.

That being said, Tate might find some success in his latest endeavor given that, while Solana has been able to maintain significant uptime, it has been known to crash at times.

The blockchain’s token has also been performing exceptionally well in 2024 and is up as much as 69.63% year-to-date (YTD).

SOL YTD price chart. Source: Finbold

The strong 2024 performance came at the heels of a late 2023 rally, which saw SOL rocket from about $20 in October to above $100 on New Year’s Day, and Solana price today, at press time, stands at $171.14.

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