Andrew Tate Dumps 650 Million $TATE Tokens Despite ‘Diamond Hands’ Vow
Andrew Tate offered his total 650 million $TATE token airdrop for roughly $23,000, on-chain knowledge exhibits. The sale contradicts his repeated public pledges to carry, burn, and by no means promote tokens despatched to his pockets.
The exit provides to a punishing run for the influencer, who misplaced about $95,000 on a 40x leveraged Bitcoin (BTC) place in June.
Diamond Hands Vow Ends in a $23,000 Exit
On-chain tracker WhaleInsider reported that Tate’s pockets swapped the total allocation via Jupiter for $23,264. The tokens represented roughly 65% of the whole provide.
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A stake masking two-thirds of the provision cleared for lower than $24,000, pointing to virtually nonexistent liquidity. The exit additionally clashes with Tate’s no-sell persona, a stance he repeated in October and April posts.
“Sell it for what? Money? lol I dont Jeet. Diamond Hands -” Tate wrote in December 2024.
During the $DADDY period, he additionally pointed to his public pockets as proof he had by no means offered.
Traders See Echoes of the $DADDY Playbook
Some merchants famous that Tate reposted the identical picture he shared earlier than $DADDY’s neighborhood takeover and rally. They argue the cleared vendor overhang leaves room for a rebound. However, past celebrity token crashes present such recoveries not often maintain.
The precedent cuts each methods. DADDY peaked at $0.29 in June 2024 and has since misplaced about 94% of its worth, CoinGecko knowledge exhibits.
Experts have repeatedly flagged the risks of celebrity meme coins, citing skinny liquidity and concentrated provide.
The dump additionally follows Tate’s fresh 40x Bitcoin bet, a $3.76 million lengthy that Hyperliquid liquidated eight occasions in 24 hours. He closed the place at a $95,478 loss. Lookonchain knowledge locations his profession file at 107 liquidations and roughly $800,000 in cumulative losses.
The coming days will present whether or not the cleared provide revives $TATE or confirms its temporary run has already topped.
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