Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

When Influencers Enter Crypto: The $RNT Pump & What It Reveals

robot
Abstract generation in progress

Andrew Tate’s $700M+ net worth and 3rd-most-googled status in 2023 just got a crypto subplot. Yesterday’s move was wild: he pumped $RNT from literally $0 to $115M market cap in hours. Yeah, hours. Now he’s cooking up his own token.

The Play-by-Play:

  • Net worth: $700M+
  • Google ranking: 3rd most-searched person in 2023
  • Yesterday’s move: $RNT from $0 → $115M MC (hours timeframe)
  • Next move: Launching personal token

Why This Matters: This isn’t just hype. It’s a masterclass in influence asymmetry. When someone with his reach tweets, retail FOMO gets real fast. The $115M MC spike shows how thin liquidity can amplify price discovery in low-cap tokens.

What’s Coming: His own token launch could pull even bigger liquidity. Whether it’s sustainable or a classic pump-and-dump will depend on utility and community staying power. Either way, this signals major players testing crypto’s retail absorption capacity.

The Question: Is this the future of personal tokens, or just another wealth transfer machine?

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)