**News Flash: Andrew Tate's Memecoins Plummet, Raising Insider Trading Concerns**

Andrew Tate's foray into the world of memecoins has taken a nosedive, with most tokens he endorsed losing 99% of their value. On June 7, Tate jumped on the Solana memecoin trend, promoting over 10 tokens, despite their lack of intrinsic value. By October 19, Bubblemaps reported that these tokens had dramatically crashed.

Despite the volatility, some traders have still managed to profit. On October 20, one trader made a staggering $9 million in just three days from the Solana-based Nomogram (GNON) token.

Tate's endorsements have sparked controversy and allegations of market manipulation. In an October 19 video, Coffeezilla highlighted the Roost (ROOST) token's crash and subsequent community scam. Tate's response on social media hinted at his influence over crypto prices, further fueling the debate.

Other celebrities like 50 Cent, Caitlyn Jenner, and Iggy Azalea have also seen their endorsed tokens plummet. Over 30 celebrity-backed tokens launched in June on Solana have seen prices drop by at least 73.23%, eroding trust in the crypto space.