He won $3 million in a single live stream yesterday
I spent about 10 hours looking up data on the channel and seeing how he did this
The information I found will shock you: here's what I found🧵👇
➮ Yesterday, @cobratate announced a live stream for his audience, as he often does
🕷 But this time he decided to promote different memecoins
🕷 His idea was to earn money on his plays for his subscribers
But what really happened?
➮ Throughout the stream, he kept reminding everyone that he was a multi-millionaire
🕷 He said he doesn't need money and this is all for his fans
But in reality, it was just a solid preparation for what was to come.
➮ During the stream, he was just praising the tokens and low-cap coins he already held
🕷 These were some pretty suspicious moves, so I decided to do some research on the channel
🕷 That's when I discovered his fraudulent scheme
But first, let me explain why he did this.
➮ Low cap memecoins are easy to pump because they have low liquidity and low volume
🕷 Even a small purchase can make them very volatile — imagine what would happen with his purchase + flow
🕷 With such buying pressure, the token could skyrocket 100-1000x in just 5-10 minutes
➮ In addition to low-caps, he was also selling $RNT, $G, and $DADDY, and it's no secret that he owns a significant percentage of these tokens
🕷 Since it controls a large portion of the supply, it can drive up the price
Then he can get rid of his bags
➮ Scam
🕷 Before launching the stream, his team created a story and tokens around it
🕷 These tokens were deployed via PumpFun, and a large percentage of the supply was purchased to control the price
🕷 Then Tate on stream could buy and increase the token significantly, while his team emptied bags
➮ Looking at the top traders on Photon, the top 10 portfolios made between $100,000 and $250,000
🕷 Each of these was purchased before Tate sold them
🕷 And each wallet was linked to the others, collectively generating over $1 million
🕷 And that was just on one token
➮ Chain analysis
This is the wallet that was sold and generated over $250,000 in profit
This wallet is also linked and contains a large amount of $G, $TATEAI and other coins
Thus, Tate's total profit from the stream ended up exceeding $3 million.
➮ It is not new that celebrities and popular people are entering the crypto space and using their fame to make money.
But most of them are satisfied with a single pump-dump system of parts
Tate, however, managed to do so with nearly a dozen chips.
Be careful and DYOR always
