Crypto Market News: Popular influencer Andrew Tate lashed out at Ben.eth, the creator of PSYOP cryptocurrency. The recent popularity behind memecoins like PEPE Coin led to the creation of new tokens. However, ethical practices like linking crypto tokens with influencers could have a cascading effect on the crypto market sentiment. Meanwhile, the Bitcoin price is displaying a bearish outlook amid weak macroeconomic scenario in the United States.
Also Read: SEC Vs Coinbase: Lawyer Unfolds Coinbase’s Brilliant Game Plan
Andrew Tate, the social media sensation in the last few years, has been linked to three crypto tokens in recent times. Importantly, all the links were uncalled for and plain unethical.
Earlier, CoinGape reported that ben.eth had linked PSYOP memecoin with Andrew Tate as a potential buyer. Whereas YouTuber Ben Armstrong’s links to the BEN memecoin were also indirectly linked to Tate. In December 2022, Armstrong supported Tate after the infuencer’s arrest. Armstrong had earlier in the week dumped all his BEN token holdings, which coincided with a price drop in the token.
Another crypto token $SLUTS was created recently with links to Andrew Tate. The influencer said the coin was created after he joked about launching a crypto token.
Tate admitted that he holds cryptocurrency holdings worth $100 million and that he does not like to attend the crypto conferences. “I have 100m of crypto and I still don’t go to those boring conventions.” He explained that there was some sense to encourage Bitcoin and Ethereum but he would not endorse the memecoins.
Also Read: Is Bitcoin Price Really In Bull Market? Glassnode Data Suggest Otherwise
The Digital Asset Market Clarity Act is picking up steam in Washington. High-ranking officials from…
AI start-up Anthropic, backed by billionaire Elon Musk, has become one of the most valuable…
Brad Garlinghouse, CEO of Ripple, has spoken up on the crypto regulatory battle in the…
The U.S. and Iranian negotiators have reportedly reached a deal to extend the ceasefire by…
Grayscale's Hyperliquid ETF has taken another step toward becoming public with the submission of a…
Crypto prediction market platform Kalshi has sued Minnesota in a bid to block the state…