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 foundđ§”đ
âź Yesterday, @cobratate announced a live stream for his audience, as he often does
đ· But this time he decided to promote different memecoins
đ· His idea was to earn money on his plays for his subscribers
But what really happened?
âź Throughout the stream, he kept reminding everyone that he was a multi-millionaire
đ· 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.
âź During the stream, he was just praising the tokens and low-cap coins he already held
đ· These were some pretty suspicious moves, so I decided to do some research on the channel
đ· That's when I discovered his fraudulent scheme
But first, let me explain why he did this.
âź Low cap memecoins are easy to pump because they have low liquidity and low volume
đ· Even a small purchase can make them very volatile â imagine what would happen with his purchase + flow
đ· With such buying pressure, the token could skyrocket 100-1000x in just 5-10 minutes
âź 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
đ· Since it controls a large portion of the supply, it can drive up the price
Then he can get rid of his bags
âź Scam
đ· Before launching the stream, his team created a story and tokens around it
đ· These tokens were deployed via PumpFun, and a large percentage of the supply was purchased to control the price
đ· Then Tate on stream could buy and increase the token significantly, while his team emptied bags
âź Looking at the top traders on Photon, the top 10 portfolios made between $100,000 and $250,000
đ· Each of these was purchased before Tate sold them
đ· And each wallet was linked to the others, collectively generating over $1 million
đ· And that was just on one token
âź 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.
âź 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
