Andrew Tate livestreamed his memecoin tradfing session to thousands of viewers that were trying to jump the train to Gainsland.
TL;DR: Andrew Tate livestreamed a chaotic memecoin trading session last Friday, allegedly scamming his viewers out of $3M through a classic pump-and-dump scheme. Claiming to pick random coins "for fun," Tate promoted tokens like $G, $RNT, and $DADDY—which he reportedly pre-selected and held in large quantities.
Andrew Tate, the internet's self-proclaimed "Top G," might be gunning for a new title: "Top Grifter." Last Friday night, Tate treated his legion of fans to a live-streamed memecoin trading spectacle that quickly turned into a blatant pump-and-dump schemes in recent crypto history. Allegedly, this escapade netted Tate and his team a cool $3 million, leaving fans and degens alike reeling from the fallout.
The Setup: Pumping for "Fun"
Tate kicked off his livestream in signature fashion, announcing to viewers that he was "pumping random coins for fun." He then began selecting a few low-cap memecoins along with names as outlandish as his own brand: Andre Tate's Dog ($G), Real N Tate ($RNT) & Daddy Tate ($DADDY).
While Tate claimed the picks were random, insider whispers suggest otherwise. Sources allege that Tate’s team pre-selected these coins and acquired the majority of their supply before the stream. This would make his "random picks" about as genuine as his Romanian villa’s tax returns.
The Pump
As expected, the "Top G Effect" kicked in hard. With thousands of viewers rushing to buy these coins, prices soared faster than Tate’s Bugatti on an empty highway. The liquidity pools of these obscure tokens were quickly drained, creating massive price spikes and giving Tate the perfect exit.
While his fans celebrated their paper gains, Tate allegedly dumped his bags, cashing in on his followers’ FOMO-driven frenzy. The price of each promoted coin subsequently cratered, leaving many investors holding bags heavier than Tate's ego.
The Scheme: Memecoins Meet Wolf of Wall Street
The entire operation bore an uncanny resemblance to Jordan Belfort’s infamous pump-and-dump stock schemes. Instead of penny stocks, Tate and his team leveraged the volatile world of memecoins, where hype often outweighs fundamentals.
By allegedly controlling the supply of these tokens before promoting them, Tate ensured he was always one step ahead of the market—specifically, ahead of the community he claims to inspire.
The Fallout: Fans or Fools?
Reactions from the crypto community have been predictably divided. Hardcore Tate loyalists are defending him, claiming he’s simply playing the game better than everyone else. Meanwhile, others are calling for legal action, accusing him of exploiting his fan base for personal gain.
It is a harsh reminder of the risks in the degen playground. Whether regulators step in or Tate simply moves on to his next hustle, one thing’s for sure: this isn’t the last time the crypto world will see its favorite bad boy stirring the pot.
Until then, remember, degens: DYOR, or you might just find yourself on the wrong side of the pump.