Controversial mega influencer Andrew Tate is pumping the meme coin mania that has taken over cryptocurrency markets in recent weeks, created significant congestion on major blockchains like Bitcoin and Ethereum and given rise to a new wave of popular meme coins including Pepe (PEPE).
Tate just announced via Twitter that, on the 1st of June, he will endorse a “shitcoin” and “send it to the fucking moon”.
According to his tweet, Hustler University (HU) students will get told 1 hour in advance and email list members will be notified 5 minutes in advance of his announcement, presumably to allow subscribers to get in ahead of the inevitable pump that a Tate announcement would generate.
Indeed, Tate said that he will “pump some random garbage to Valhallah”.
Tate also warned his followers not to buy into any coins “until you get the signal from me… (as) they’re all scams”.
He then followed up this tweet with another tweet saying “Never.”, perhaps to imply that the first tweet was a joke, and that he doesn’t actually plan on endorsing a “shitcoin”.
Indeed, maybe the tweet was a joke, as just one day ago Tate had tweeted out that he does not endorse “shitcoins” as he doesn’t need to “rob” his fans.
“I DO NOT HAVE ANYTHING TO DO WITH ANY CRYPTO,” Tate said in the prior tweet.
But the risk that Tate might have been joking won’t stop speculators from piling into shitcoins nonetheless.
Here are a few names that Andrew Tate might choose to endorse, given they have already been generating significant market hype.
Copium Token (COPIUM)
After a few days of hype building and an invite-only presale, Copium Token (COPIUM) was launched a few hours and has enjoyed an explosive start to life.
COPIUM was last trading just above $0.012 per token, already 11x versus its Uniswap listing and presale price, and already has more than 2,000 holders.
Given the token’s 1 billion supply, that implies a fully diluted market cap of around $11 million, and the token has already seen a huge more than $24 million in trading volume, as per DEX Tools.
But amid the impressive list of influencers who are involved in the project, as outlined in this article, who will help market the coin alongside a series of media partnerships, the coin could yet pump a lot higher.
One of the best-selling points of COPIUM is the project’s token and NFT airdrop competition, which is built to incentivize HODLing for at least the next three weeks.
Another great selling point is that the presale participants are not able to dump their holdings on the market.
Only 10% of their tokens were unlocked at the time of the Uniswap listing, with the rest to be vested over the next three weeks.
Copium’s fun play on the theme of crypto degenerates needing to cope with their substantial losses means it could be a big hit, as that is something many in the crypto space can relate to.
How to Buy $COPIUM Token in 5 Simple Steps
The Milady (LADYS) meme coin was one of the main beneficiaries of Elon Musk’s recent joking tweet where he showed a picture of a Milady Maker NFT with the caption “There Is No Meme… I Love You”.
The token, which was created in response to the tweet, saw its market cap rise to as high as $140 million, creating generational wealth for some of its earliest investors.
LADYS has since dropped about 50% to a market cap in the $73 million area.
Tate also might choose to endorse an up-and-coming meme coin project that is still in the presale phase.
AiDoge, a fun AI-powered meme-generating tool and social media platform, could be the perfect token, as not only is it a meme coin, but also boasts a solid use case and utility.
AiDoge is building a platform where users can generate memes using breakthrough generative AI technology, before sharing them with the AiDoge community via the platform’s public wall.
The creators of the most popular memes will be rewarded with AiDoge’s native $AI token, meaning that AiDoge is bringin the concept of “meme-to-earn” (M2E) into reality.
AiDoge has already raised a huge $9.3 million via the public presale of its native $AI token and investors should move quickly whilst they can still secure the token at what observers say is a substantial discount versus how high $AI has the potential to go.
Waves of new meme coins could mean that Pepe coin (PEPE) might now be old news in the eyes of some in the crypto meme coin space.
But with a market cap of still in the mid-$600 millions, Pepe remains the biggest of the new wave meme coins and there is a strong chance that Andrew Tate has heard of it.
An endorsement from the influencer, currently one of the world’s most famous, could send it back to the promised land of being a $1 billion valuation meme coin.
SpongeBob token (SPONGE) is another recently created meme coin that has done very well.
The token surged as much as 85x higher versus its listing price on Uniswap and even though it has since seen a substantial pullback, is still up around 17x versus its listing price.
The fun meme coin, which pays homage to SpongeBob SquarePants, may soon be listed on OKX, with the platform currently running a competition to see what meme coins get listed next.
With SPONGE likely to finish in the top two spots, another big listing could help pump the price once again, with investors also excited by an upcoming SPONGE airdrop.