Andrew Tate has sold his entire 650 million TATE token allocation for approximately $23,000, according to on-chain data shared by Whale Insider. The sale directly contradicts his repeated pub
Andrew Tate has sold his entire 650 million TATE token allocation for approximately $23,000, according to on-chain data shared by Whale Insider. The sale directly contradicts his repeated public pledges to hold the tokens indefinitely.
"Sell it for what? Money? lol I dont Jeet. Diamond Hands," Tate wrote in December 2024. The tokens represented roughly 65% of the total supply.
On-chain tracker Whale Insider reported that Tate's wallet swapped the full allocation through Jupiter for $23,264. Selling two-thirds of a token's supply for under $24,000 points to almost nonexistent liquidity in the market, meaning even modest sell pressure can move prices dramatically.
The exit also clashes with Tate's no-sell persona, a stance he repeated in October and April posts. Beyond TATE, Tate has been connected to other token projects including $DADDY, which launched in mid-2024. DADDY peaked at $0.29 in June 2024 and has since lost about 94% of its value, CoinGecko data shows.
The TATE sale comes weeks after a painful episode on the derivatives platform Hyperliquid. According to on-chain data, Tate opened a 40x leveraged long position covering 57.36 Bitcoin, with a notional value of approximately $3.79 million.Tate eventually closed the remaining position and realised a loss of roughly $95,478.
Lookonchain data indicates Tate has been liquidated 107 times while trading on Hyperliquid, with cumulative losses on the platform approaching $800,000 at one stage.A 40x leveraged position allows traders to control a large amount of Bitcoin with relatively little capital, but even small market movements can trigger substantial losses if prices move in the wrong direction.
Experts have repeatedly flagged the risks of celebrity meme coins, citing thin liquidity and concentrated supply. Tate's record across both token markets and leveraged trading illustrates those risks in practice.
Sources:Andrew Tate Dumps 650 Million TATE Tokens Despite 'Diamond Hands' Vow (Yahoo Finance / BeInCrypto)Andrew Tate Loses $95,000 on Bitcoin Trade (IBTimes UK)Andrew Tate Sells 65% of TATE Token Allocation for $23K (Crypto Briefing)
