A new low market cap coin not officially linked to Andrew Tate, pumped tens of thousands of percent on Uniswap before a 96% crash.
Tate (TATE) was the top daily gainer on DEXTools yesterday, which charts DEX coins, at one point being up approximately 50,000%.
Andrew Tate Token ($TATE)
Influencer and former kickboxer Andrew Tate hasn’t mentioned the $TATE coin on his Twitter feed @Cobratate.
Earlier this month Tate called traders ‘literally just degen autists’ and compared ‘gambling on shitcoins’ to visiting a casino. However in the past he has advocated buying Bitcoin.
Also referring to altcoin buyers as ‘sluts’ on May 18th, a Sluts ($SLUTS) token pumped shortly after on Uniswap. It has since crashed 70% from its highs.
Several Andrew Tate coins have emerged to be pump and dump scams in the past, such as Andrew Tate Inu, Tate CEO, and $ANDREWTATE.
$TATE was launched April 25th, and is not yet listed on any centralized exchange (CEX) platforms. It has a market cap of just over $500,000.
Despite its 96% crash, TATE token has a relatively positive DEXTscore rating of 93/99. It does have a smart contract warning however – a modifiable trading tax, according to the automatic audit results displayed on its DEXTools TATE/WETH pair.
Tao Coin ($TAOTAO)
Another relatively unknown new cryptocurrency, Tao Coin, was among the ‘hot pairs’ of trending crypto coins on DEXTools over the weekend.
After a rally, it crashed 100%, reminiscent of the Squid Games crypto which famously rugpulled investors. $TAOTAO now has a market cap of just $4.
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