The Millionaire Who Scammed His Community
Andrew Tate has earned over $3 million from live streaming.
I have analyzed every step of it in detail and carefully.
My conclusions about this situation 🧵👇
→ Introduction
• Recently, @Cobratate launched a live broadcast for its community.
• During this broadcast, he was planning to invest in different meme coins.
• The main goal of the viewers was to make money.
• But, how would you react if I told you that he scammed everyone?
1/ Deception
• Since he is a millionaire, he told everyone that he was just doing it for fun.
• In most cases, he said he was not very interested in making a profit.
• But, is this true or just a lie?
2/ Buy currency live
• During the broadcast, Andrew only showed two types of coins:
• Meme coins with low market cap.
• In addition to its largest holdings of meme coins.
• After these events, I became very interested and started to research in depth.
3/ Clarification
• Meme coins with very small market capitalization are easy to pump due to some factors:
• Small market capitalization and low liquidity mean that even small purchases can contribute to price volatility.
• Since there are fewer buyers and sellers, less investment is enough to move the price, making meme coins highly volatile.
4/ Andrew Tate support
• Despite all the trading, Andrew Tate was also increasing the value of his investment portfolio.
• Everyone knows that Andrew Tate is the largest holder of $RNT, $G, and $DADDY.
• Having a quantity of meme coins, he took the opportunity to drive up the price of the coins and then sold everything.
5/ Fraud scheme
• Before the live broadcast began, the Tate team:
• Create a compelling story to get Tate invested right during the broadcast.
• Launch the coin on the @pumpdotfun platform and buy most of the coins to control it.
• Notify Andrew just a few minutes before the broadcast begins.
• Lowered the price when his followers started investing in the currency.
6/ Example of a scam
• Address (CA): 8wR5u3XET9rbwE5XRfSmAGdpPXs2Je7dsKDgS62Kpump
• This meme coin was hijacked almost immediately after its creation.
• It looks like he accidentally saw a funny symbol and decided to pump it, but that's not true.
• The developer's wallet and every first-time buyer are connected to Andrew Tate and his team.
8/ The second example of fraud
• Address (CA): 2VVSAJ6E3wHHcMGKs9SWAr5YujQaPVSdGn2rTWZ9pump
• @issathecooker asked Andrew Tate to maximize the promotion of this coin.
• But after a large number of people joined in investing in the currency, they quickly reduced its market value from $6 million to $50,000.
9/ All evidence
• This trader sold his entire portfolio and made over $250,000 in profit:
GwRsHwDG2WxVhdKCLS6G5LrFay1gDCynCNi6ieLdKojk
• Interestingly, this wallet was a bribed wallet linked to the wallets of $G Team, $TATEAI, and others.
• Other related portfolio:
Bbygs8PcJX8CcqkPsw9hsF6Zu4ajqMozsLzvzFoMBDk5
10/ Conclusion
• You shouldn't put too much faith in Andrew Tate, or in any celebrity in general.
• He makes millions of dollars by exploiting the trust of his community.
• It presents this in an attractive way based on its popularity.
• I think you should rely on your own thinking, analysis and personal thoughts.
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