Crypto enthusiast Andrew Tate’s ‘Top G’ made headlines today with a dramatic stunt on Twitter that has left the crypto community buzzing. Known for his flamboyant online presence, Tate’s day began with a series of tweets about his intentions to crash the Solana network and a call to his followers to send him coins, promising to ‘diamond hands’ and ‘never sell.’ He even declared his commitment to invest over a million dollars into random new meme tokens.
However, the narrative took a surprising turn when Tate’s public wallet received a significant influx of a new meme coin called ‘Top G,’ valued between $1 million and $1.5 million. This unexpected gift, from the Twitter handle $TOPG (@topgsolanacto), accounted for a staggering 58% of the coin’s total supply.
In a bold challenge issued by the mysterious account behind $TOPG, Tate was dared to burn his holdings to “become the true Top G.” Tate accepted the challenge, transferring his share of the meme coin to the SOL Incinerator. This move led to an immediate surge in the coin’s price, driven by the reduction in its circulating supply.
Currently, the Top G crypto price has retraced 80% from its earlier peak, yet it still maintains a strong presence with 15 thousand holders and a fully diluted market cap of $8.8 million. Despite the volatility, the incident has significantly boosted interest in the coin.
Andrew Tate continues to engage his 9.3 million Twitter followers, suggesting that burning money might just be the beginning of his latest venture. Meme coins, particularly within the Solana ecosystem, have been the best-performing crypto assets in 2024, and Top G is no exception.
Andrew Tate’s involvement with the new meme coin, Top G ($TOPG), has created significant ripples in the crypto market. The coin, which saw a dramatic surge in interest following Tate’s public burning of his holdings, currently boasts a market cap of $18.57 million. Despite a recent retracement, TOPG remains robust, supported by a liquidity of $1.02 million and a circulating supply of 412.52 million TOPG.
The total market cap of TopG stands at $45.03 million, reflecting the high demand and speculative interest in this new entrant to the meme coin space. Over the past 24 hours, the trading volume has reached an impressive $243.18 million, indicating substantial activity and investor engagement. With a total supply of 1.00 billion TOPG, the coin continues to experience high volatility, making it a focal point for traders and enthusiasts alike.