The controversial social media figure has already been accused of insider trading and crypto market manipulation in the past.
Most memecoins endorsed by controversial social media figure Andrew Tate have lost 99% of their value, raising concerns of potential insider trading.
Tate jumped on the Solana memecoin bandwagon on June 7, endorsing over 10 tokens, which are known for having no intrinsic value.
However, most of these tokens have lost around 99% of their value shortly after Tate’s endorsement, according to an Oct. 19 X post by Bubblemaps, which stated:
