Andrew Tate Burns $10M Of New Meme Coin Top G ($TOPG) – Best Crypto To Buy Now?
On-again, off-again crypto enthusiast Andrew ‘Top G’ Tate has been having a normal one on Twitter today.
His Friday afternoon kicked off with Tweets that he will ‘crash the Solana network’ and moved on to inviting his followers to send him coins that he would ‘diamond hands’ and ‘never sell’.
He also promised to buy ‘junk’ coins himself – over a million dollars of any random new meme coins that were shilled to him, if he gained enough retweets on @CobraTate. Those ranged from ‘Germany coin’ to a lurid Madonna themed token.
Feeling rich and reckless.
2000 RTs and I will diamond hands over 1M USD today into random shit that I NEVER EVER SELL.
— Andrew Tate (@Cobratate) June 7, 2024
Top G Crypto Burn
While Tate kept his promise to not sell tokens, the day took an interesting turn.
At one point Andrew Tate’s public wallet was gifted approximately $1 – $1.5 million worth of a new meme coin ‘Top G’, by Twitter handle $TOPG (@topgsolanacto). That amounted to 58% of the supply.
The brand new account (prompting some suspicion Andrew Tate is behind Top G token) issued a challenge – to burn his holdings and ‘become the true Top G’.
TOP G coin price chart via Birdeye
It then tagged widely followed crypto influencer @blknoiz06 for help ‘if you don’t know how to burn’.
Andrew Tate Responds
That ‘open letter’ challenge tweet received one million impressions, and the price of $TOPG quickly pumped 700%, worth almost $11 million when Andrew Tate responded and burnt his share of the new meme coin, sending them to the SOL Incinerator.
Burnt.
I am built different. https://t.co/wvKMRCaRPT
— Andrew Tate (@Cobratate) June 7, 2024
The Top G crypto price briefly continued to rise with its reduction in circulating supply.
The anonymous sender of the $TOPG tokens tweeted out the Solscan transactions and ‘what’s $20 million to a billionaire’, plus a ChatGPT analysis of the token burn was bullish.
At the time of writing, $TOPG has retraced 80% from its all-time high earlier today and has 9.4k holders with a fully diluted market cap of $8.8 million.
What's $20M to a billionaire?
The Top G. Greatest of all time burnt 58% of our supply, leaving only 37% circulating.
Thank you Andrew.
Now we cook.$TOPG https://t.co/DrFDFdOnNq https://t.co/DRZren2QYd pic.twitter.com/kn5q9RTxmY
— $TOPG (@topgsolanacto) June 7, 2024
Andrew Tate is still tweeting every few minutes to his 9.3 million followers, his most recent post reading ‘Burning all that money was nothing. I’m just getting started,‘ alongside calls to buy GameStop.
New Meme Coins – Best Cryptos To Buy Now?
The best performing crypto assets of 2024 have been meme coins and real-world asset (RWA) tokens, according to a report by CoinGecko.
Newer meme coins have been far and away the best cryptocurrencies to buy for exponential gains – outperforming the incumbents like Dogecoin and Shiba Inu, particularly new meme tokens in the Solana ecosystem like Top G token.
New meme coins continue to hold ICOs and grab headlines – in June the likes of Base Dawgz, PlayDoge and fellow Solana meme coin Sealana have dominated crypto news media.
Find CryptoNews’ full list of the best meme coins to watch here.
For many of the other top crypto narratives including AI and DePIN tokens, see our best crypto to buy now article.
