Andrew Tate Cryptocurrency Launch Tweet: A Practical Cryptocurrency Guide for Informed Decisions

📢 Celebrity Crypto 🕒 Updated 2026 🔗 www.99xi.com

In February 2024, controversial influencer Andrew Tate sent the crypto world into a frenzy with a single tweet proposing to launch his own cryptocurrency backed by $100 million. The tweet was quickly deleted, but not before it sparked the creation of multiple memecoins, drew sharp criticism, and raised important questions about celebrity involvement in crypto. This guide breaks down what happened, what it means, and how you can approach similar situations with a clear, cautious framework.

📢 The Tweet That Started It All

On February 1, 2024, Andrew Tate posted a message on X (formerly Twitter) that electrified the crypto community. The tweet read:

"Hey Crypto Twitter. If I launch a coin and back it with 100m of my own money and never sell. Then I'll let university.com members get in early at a discount. and then because I'm the most famous man alive I'll promote it everywhere let you all make money you have to call me 'Top G - The G stands for crypto' Every single time you tweet at me. 50k retweets and it's a deal."[reference:1]

The proposal was characteristically bold: Tate promised to put $100 million of his own money into the project, never sell his holdings, offer early access to members of his online "university," and use his massive platform to promote the coin. The only condition? 50,000 retweets. The post quickly went viral, accumulating hundreds of thousands of views within hours.

The Contradiction

The tweet stood in stark contrast to Tate's previous statements. Just a year earlier, he had posted: "I DO NOT ENDORSE SHITCOINS. I'm not a scammer like every other 'influencer.' I don't need to rob my fans. I DO NOT HAVE ANYTHING TO DO WITH ANY CRYPTO."[reference:3][reference:4] He had also compared crypto trading to gambling and criticized "crypto kids" for lacking real-world skills.[reference:5] This reversal drew immediate skepticism.

⚠️ The Flip-Flop Pattern

Tate's abrupt shift from critic to promoter is a common pattern among celebrities entering crypto. It highlights the importance of looking beyond rhetoric and focusing on the actual structure, utility, and risks of any token — regardless of who is endorsing it.

📢 Timeline: From Proposal to Deletion

The life cycle of Tate's crypto proposal was remarkably short — but the consequences rippled through the market for weeks and months afterward.

February 1, 2024: The Tweet Goes Live

Tate posts his proposal on X. Within hours, the crypto community reacts. A memecoin named $TOPG is created on Solana, and its market capitalization surges to $6.5 million.[reference:7]

February 2, 2024: Deletion and Reversal

Tate deletes the original tweet[reference:8]. He replaces it with a repost of his earlier statement denying any involvement with crypto[reference:10]. He later claims the entire thing was a "joke". Prediction markets show the odds of him actually launching a coin plummet to 5%[reference:12].

February 25, 2024: The Final Word

On the Rob Moore podcast, Tate definitively states: "No, I'm never going to launch a crypto." He calls crypto trading a form of gambling and says, "I don't want to make these dorks richer."

June 2024: The DADDY Token Emerges

Despite his denials, a memecoin called Daddy Tate (DADDY) launches on Solana on June 9, 2024. It is actively promoted by Tate and reaches a market capitalization of $240 million within three days[reference:14][reference:15]. It later crashes over 90% from its peak[reference:16].

📌 Key Takeaway

The timeline shows that even when a celebrity does not officially launch a token, their influence can still create significant market activity — and significant risk — through imitators and opportunists.

📢 Market Impact: The Tokens That Emerged

Tate's tweet — and his subsequent silence — did not stop the creation of multiple tokens associated with his name. Some were created by opportunists, others by Tate himself or his associates. Here are the most notable.

$TOPG (TopG)

Created immediately after the tweet, $TOPG surged to a $6.5 million market cap within hours. After Tate deleted his tweet and disavowed the project, the token crashed to $550,000[reference:17]. It eventually stabilized at around $1.3 million[reference:18] but has largely faded from relevance.

DADDY (Daddy Tate)

Launched on Solana on June 9, 2024, DADDY was actively promoted by Tate[reference:19]. It reached a peak market cap of approximately $240 million within three days[reference:20], making it one of the fastest-rising memecoins of the year. However, by November 2025, it had fallen over 90% to around $0.018[reference:21]. Data showed that insiders bought 30% of the supply hours before Tate began promoting it[reference:22].

Other Associated Tokens

Several other tokens have been linked to Tate, including $TATE, RNT (Real Nigger Tate), FTRISTAN, and Andrew Tate's Dog (G)[reference:23][reference:24]. Nearly all have experienced dramatic price declines, with many losing over 90% of their value[reference:25].

⚠️ The Celebrity Memecoin Pattern

The trajectory of these tokens follows a familiar pattern: rapid pump driven by hype and celebrity endorsement, followed by a steep decline as early buyers cash out and retail investors are left holding near-worthless bags. This pattern is not unique to Tate — it has played out with numerous celebrity-endorsed tokens[reference:26].

📢 Criticism and Backlash

Tate's proposal was met with widespread skepticism and outright condemnation from many corners of the crypto community. The backlash highlighted several key concerns.

"Scamcoin" Accusations

Prominent crypto investigator Coffeezilla was among the first to call out the proposal, posting: "Andrew Tate is launching a crypto scamcoin." He contrasted Tate's new proposal with his previous statements denying any crypto involvement[reference:27].

Pump-and-Dump Concerns

Critics pointed out that Tate's plan — offering early access to his followers, then using his influence to "promote it everywhere" — closely resembled a classic pump-and-dump scheme. The lack of any business plan beyond promotion reinforced these concerns[reference:29].

Insider Trading Allegations

On-chain analysis of the DADDY token revealed that insiders purchased 30% of the supply hours before Tate began promoting it on X[reference:30]. This raised serious questions about whether Tate or his associates profited at the expense of retail buyers.

💡 The Lesson

Celebrity endorsements are not a substitute for due diligence. The same rules apply to a token promoted by Andrew Tate as to any other: evaluate the team, the tokenomics, the utility, and the risks. If a project's primary value proposition is "a famous person will promote it," proceed with extreme caution.

📢 How to Evaluate Celebrity Crypto Projects

The Andrew Tate saga offers a useful case study for evaluating any celebrity-endorsed cryptocurrency. Here is a practical framework to apply.

1. Separate the Celebrity from the Project

Fame does not equal competence. A celebrity's ability to generate attention does not mean they understand blockchain technology, tokenomics, or sustainable value creation. Evaluate the project on its own merits — not on the person promoting it.

2. Look for a Real Business Plan

Does the project have a whitepaper? A roadmap? A clear use case? If the only plan is "the celebrity will promote it and the price will go up," that is not a business model — it is speculation.

3. Analyze the Tokenomics

4. Check for Red Flags

5. Consider the Track Record of Celebrity Tokens

History shows that the vast majority of celebrity-endorsed tokens perform poorly over time. From 50 Cent to Caitlyn Jenner to Iggy Azalea, the pattern is remarkably consistent: initial hype, rapid price increase, and then a long, painful decline[reference:31].

📢 Token Performance Comparison

The table below compares the key tokens associated with Andrew Tate's crypto activities. All data is approximate and historical. Prices and market caps change constantly — always verify current data from reliable sources before making any decisions.

Token Launch Date Peak Market Cap Current Status Key Notes
$TOPG (TopG) Feb 2024 $6.5M[reference:32] ~$1.3M[reference:33] Created immediately after tweet; crashed after Tate deleted post
DADDY (Daddy Tate) Jun 2024 $240M[reference:34] Down ~90%[reference:35] Actively promoted by Tate; insiders bought 30% of supply before promotion[reference:36]
RNT 2024 $61M[reference:37] Significantly declined Promoted by Tate; part of Solana memecoin frenzy
FTRISTAN 2024 Unknown Lost ~90%+[reference:38] One of several Tate-associated tokens that crashed
Andrew Tate's Dog (G) 2024 Unknown Low liquidity[reference:39] Solana-based; limited information available

Note: Data is approximate and historical. Market conditions change rapidly. Always verify current prices and market caps from multiple sources.

📢 A Practical Scenario

📋 Scenario: You See a Celebrity Crypto Tweet

You log onto X and see that a major celebrity has just posted about launching a new cryptocurrency. The post has already gone viral, and the token's price is up 300% in the last hour. Your friends are talking about it. What do you do?

Apply the framework:

  1. Pause. Do not buy immediately. The initial pump is often driven by hype and FOMO, not fundamentals.
  2. Research. Who is the team? Is there a whitepaper? What is the tokenomics? Has the code been audited?
  3. Check the celebrity's history. Have they been involved in crypto before? Have they made contradictory statements?
  4. Look for red flags. Is there pressure to buy quickly? Are there large insider holdings?
  5. Decide. If the project has genuine utility and a solid team, it might be worth considering — but only after the initial hype has subsided and the price has stabilized. If it's purely a hype play, it is gambling, not investing.

Outcome: By applying this framework, you avoid buying at the peak and potentially losing a significant portion of your capital. You may miss out on short-term gains, but you also avoid the catastrophic losses that often follow celebrity-driven pumps.

This is a hypothetical scenario for educational purposes only. It is not financial advice.

📢 Common Mistakes

❌ Buying Based on Hype Alone

Celebrity tweets are not investment analysis. Buying because "everyone is talking about it" is a recipe for buying at the top.

❌ Ignoring Tokenomics

Many investors focus on price and market cap without understanding the supply distribution or unlock schedule. Large insider holdings are a major red flag.

❌ Believing the Celebrity Is "One of Us"

Celebrities are not your friends. They are often motivated by profit, not community building. Their interests may not align with yours.

❌ Failing to Verify the Contract Address

Scammers often create fake tokens using similar names. Always verify the official contract address from multiple reliable sources before buying.

❌ Holding Hoping for a Recovery

Many tokens that crash after a celebrity pump never recover. Holding onto a losing position in the hope of a "second pump" is a classic trap.

❌ Not Having an Exit Strategy

If you do decide to participate in a hype-driven trade, have a clear plan for when to take profits and when to cut losses. Emotional decisions lead to poor outcomes.

📢 Practical Checklist for Celebrity Crypto Projects

✅ Before Buying Any Celebrity-Endorsed Token

  • Verify the celebrity's involvement: Is this an official endorsement or an opportunistic imitator?
  • Read the whitepaper: Is there a real project with a clear use case?
  • Analyze the tokenomics: What is the total supply, circulating supply, and distribution?
  • Check for audits: Has the smart contract been reviewed by a reputable firm?
  • Research the team: Who is building this? Are they public and verifiable?
  • Look for insider activity: Are there large wallets that bought before the public announcement?
  • Consider the celebrity's track record: Have they been involved in controversies or scams?
  • Set a budget: Only invest what you can afford to lose entirely.
  • Have an exit plan: Know your take-profit and stop-loss levels before you buy.
  • Verify the contract address: Double-check from multiple official sources.

⚠️ Risk Warning: The Dangers of Celebrity Crypto Hype

This guide is for educational purposes only and does not constitute financial, legal, or tax advice. Celebrity-endorsed cryptocurrencies carry extreme risks.

  • Extreme volatility: These tokens can pump 1,000% and then crash 90% within days or hours.
  • Pump-and-dump schemes: Many celebrity tokens are designed to enrich insiders at the expense of retail buyers.
  • No intrinsic value: Most celebrity tokens have no utility, no revenue, and no sustainable business model.
  • Regulatory risk: Celebrity endorsements are increasingly under scrutiny by regulators, and projects may face legal action.
  • Scam risk: Fake tokens, phishing sites, and rug pulls are common in the celebrity memecoin space.
  • Liquidity risk: In a crash, you may not be able to sell your position at any price.

Never invest more than you can afford to lose. The crypto market is unpredictable, and celebrity-endorsed tokens are among the riskiest assets in the space. Always conduct your own research and consult with qualified professionals before making any investment decisions.

📢 Frequently Asked Questions

Did Andrew Tate actually launch a cryptocurrency?

No. Andrew Tate proposed launching a coin in a February 2024 tweet, but he deleted the tweet and later stated on a podcast that he would never launch a crypto. However, multiple tokens (including DADDY and TOPG) have been associated with his name, some of which he actively promoted.

What was the $100 million promise in the tweet?

Tate claimed he would back the coin with $100 million of his own money and never sell[reference:42]. This was part of the proposal in his now-deleted tweet. He later claimed the entire thing was a "joke".

What happened to the DADDY token?

Daddy Tate (DADDY) launched on Solana in June 2024 and reached a peak market cap of $240 million within three days[reference:44]. It has since declined over 90% from its peak[reference:45]. On-chain data showed that insiders bought 30% of the supply before Tate began promoting it[reference:46].

Why did Andrew Tate delete his crypto tweet?

Tate deleted the tweet shortly after it went viral, replacing it with an older post denying any crypto involvement[reference:47]. He later claimed the proposal was a "joke". The exact reason is unclear, but the backlash and criticism likely played a role.

Is it safe to buy tokens promoted by celebrities?

Celebrity-endorsed tokens are among the riskiest investments in crypto. They are often speculative, lack utility, and are prone to pump-and-dump schemes. History shows that the vast majority lose significant value over time[reference:50]. Always conduct your own research and never invest more than you can afford to lose.

What is a "scamcoin" and why was Tate accused of promoting one?

A "scamcoin" is a cryptocurrency with no real utility, often created solely to enrich its creators through hype and speculation. Tate was accused of promoting a scamcoin because his proposal lacked a business plan, relied entirely on his influence to drive price, and contradicted his earlier statements[reference:51].

How can I protect myself from celebrity crypto scams?

Follow the checklist in this guide: verify the celebrity's involvement, read the whitepaper, analyze tokenomics, check for audits, research the team, look for insider activity, and never invest more than you can afford to lose. Always verify contract addresses from multiple sources and have a clear exit strategy.

Are there any successful celebrity cryptocurrencies?

There are a few exceptions, but the vast majority of celebrity-endorsed tokens perform poorly. Projects like Ethereum and Bitcoin were not launched by celebrities — they were built by teams with technical expertise and a clear vision. Celebrity involvement is generally a warning sign, not a mark of quality.