Most memecoins endorsed by controversial social media figure Andrew Tate have lost 99% of their value, raising concerns of potential insider trading. Tate jumped on the Solana memecoin bandwagon on June 7, endorsing over 10 tokens, which are known for having no intrinsic value. However, most of these tokens have lost around 99% of their value shortly after Tate’s endorsement, according to an Oct. 19 X post by Bubblemaps, which stated: “Andrew Tate first bought $GER (Germany Token) […] A cluster held 30% of the supply, and the price dropped 99% in two months.” Despite lacking utility, memecoi…