HOW ANDREW TATE SCAMMED HIS COMMUNITY
Andrew Tate made millions scamming his community!
He made a massive fortune in just one recent livestream.
I'm sure you've heard of @Cobratate.
1. Recently, he launched a livestream.
2. During this livestream, he invested in different memecoins.
3. He claimed that the main goal for viewers was to make money.
But he scammed everyone! You need to know the truth!
He lied directly to your face.
He claims he streams only for fun and that he isn't interested in making profits.
Despite being a millionaire with plenty of money, he was just lying.
During the livestream, he showcased two types of coins:
- Low market cap memecoins
- High market cap memecoins
Low market cap memecoins are easy to inflate.
Their low liquidity and few market participants mean that even small purchases can cause significant price fluctuations.
This makes these coins extremely volatile, as minimal investments can greatly affect their value.
Being well-known in cryptocurrencies, he carries his own load of memecoins.
Due to his fame, he revealed the tokens he owns: $DADDY and $G. As a result, their market capitalizations increased.
When the market capitalization reached a significant level, he sold all his tokens at once.
The scam scheme:
Before the livestream, Tate's team crafted a convincing story to entice you to join the live event.
They previously deployed the token on @pumpdotfun and bought back most of the coins, ensuring total control.
Minutes before the start, Andrew found out. While his followers were buying the token, the team drove the price down, causing losses.
