Early buyers of media personality Andrew Tate's meme coin #DADDY make MILLIONS before
This is the first meme coin Andrew Tate is directly involved in a crypto project despite hating on young fellas who wait for crypto pumps.Daddy join an array of other celebrity meme coin projects like#MOTHER and #JENNER
Social media personality and former boxer Andrew Tate has stirred massive attention following his active promotion of Daddy Tate (DADDY), a Solana-based meme token. Tate began promoting various crypto tokens on Friday, claiming he "will crash Solana."
The sudden rally of the DADDY token has not occurred without suspicion. Bubblemaps, an on-chain analytics firm, recently revealed controversial data surrounding the token, claiming that there might be serious insider trading activity.
Data by Bubblemaps shows that insiders bought 30% of the supply at market launch a few hours before Andrew Tate began promoting the token on X. Bubble maps also stated that Tate sent 40% of the total supply to a wallet but promised not to sell any of his tokens.
Nonetheless, DADDY gained traction on Wednesday, surging to $0.36. In 24 hours, the token increased by 143% to a new all-time high (ATH) and reached a $280 million market capitalization. This performance saw the memecoin surpass MOTHER despite the controversial promotion and insider activity allegations.
Since then, the token has retraced to the $0.24 price level, a 32% decline in the last 12 hours. DADDY had a market cap of $240 million at the time of writing.
Meanwhile, MOTHER saw a 46% surge on Wednesday, which propelled the price from $0.15 to $0.22. In the following hours, the memecoin’s price declined 36% to the $0.14 range before recovering.
As of this writing, Azalea’s token is trading for $0.17 and has a market capitalization of $169 million. Despite retracing nearly 40% since its June 5 all-time high, MOTHER still exhibits a 1,900% increase from its launch two weeks ago.
