I just noticed something I need to share with you. It’s about a pretty brazen scam system around memecoins, involving Andrew Tate as well. It perfectly demonstrates how influencers can abuse their wealth and reach.

Here’s what happened: Andrew Tate announced a live stream and started investing in various memecoins during the broadcast. He told his viewers it was about making money. But that was a lie the whole time. His wealth grew through a well-organized scam system, not honest investments.

The scam pattern was actually simple: the team prepared tokens on Pump.fun and hoarded most of the coins to have full control. Minutes before the stream, Andrew found out about it. While his fans started buying, the scammers caused the price to crash. The followers lost massive amounts of money.

A concrete example: with a token having the CA 2VVSAJ6E3wHHcMGKs9SWAr5YujQaPVSdGn2rTWZ9, someone lured Andrew into promoting it. After enough people invested, the market cap dropped from $6 million to $50,000. It was a disaster for the investors. But the top traders who had already been in made between $80,000 and $250,000 in profit.

The fascinating and at the same time repulsive thing: Andrew Tate’s wealth in this case didn’t come from real investments but from pure manipulation. He used his popularity as a weapon. His followers trusted him blindly, and that was exactly the point.

My advice: Don’t automatically trust every celebrity who talks about crypto. No matter how successful someone looks or how big their wealth is, that doesn’t mean their investment tips are legitimate. Use your own judgment, analyze the data yourself, and think critically before putting money into anything. That’s the only defense against such traps.