Andrew Tate sold his entire 650 million $TATE token airdrop for roughly $23,000, on-chain data shows. The sale contradicts his repeated public pledges to hold, burn, and never sell tokens sent to his wallet.
The exit adds to a punishing run for the influencer, who lost about $95,000 on a 40x leveraged Bitcoin (BTC) position in June.
Diamond Hands Vow Ends in a $23,000 Exit
On-chain tracker WhaleInsider reported that Tate’s wallet swapped the full allocation through Jupiter for $23,264. The tokens represented roughly 65% of the total supply.
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A stake covering two-thirds of the supply cleared for less than $24,000, pointing to almost nonexistent liquidity. The exit also clashes with Tate’s no-sell persona, a stance he repeated in October and April posts.
“Sell it for what? Money? lol I dont Jeet. Diamond Hands -” Tate wrote in December 2024.
During the $DADDY era, he also pointed to his public wallet as proof he had never sold.
Traders See Echoes of the $DADDY Playbook
Some traders noted that Tate reposted the same image he shared before $DADDY’s community takeover and rally. They argue the cleared seller overhang leaves room for a rebound. However, past celebrity token crashes show such recoveries rarely hold.
The precedent cuts both ways. DADDY peaked at $0.29 in June 2024 and has since lost about 94% of its value, CoinGecko data shows.
Experts have repeatedly flagged the risks of celebrity meme coins, citing thin liquidity and concentrated supply.
The dump also follows Tate’s fresh 40x Bitcoin bet, a $3.76 million long that Hyperliquid liquidated eight times in 24 hours. He closed the position at a $95,478 loss. Lookonchain data places his career record at 107 liquidations and roughly $800,000 in cumulative losses.
The coming days will show whether the cleared supply revives $TATE or confirms its brief run has already topped.
Source: BeInCrypto
