Is DADDY Rich or Ponzi? Andrew Tate's Token Skyrockets 35 Percent!

Former kickboxer and internet sensation Andrew Tate claimed that he will skyrocket the price of the cryptocurrency he supports, DADDY, in 72 hours! DADDY, which rose 35 percent yesterday, is currently trading around 15 cents. But what's behind this rise?

Questionable Startup and Rich DADDY?

Crypto analytics company Bubblemaps claims that when DADDY launched, 30% of the supply was purchased by insiders. It is also stated that Tate owns 40% of the total DADDY supply, an amount whose current value exceeds 35 million dollars. This raises doubts about how the token's supply is distributed.

Is DADDY Taking Flight While Rival Token Crashes?

While DADDY, backed by Tate, is on the rise, rival token MOTHER, promoted by Australian model Iggy Azalea, is on the decline. MOTHER loses 14% of its value compared to the last day and almost 50% compared to the last week.

Vitalik Buterin Warns: Be Careful!

Vitalik Buterin, one of the co-founders of Ethereum, criticizes the entry of celebrities into the meme coin market and draws attention to the potential risks of this trend. He emphasizes that MOTHER's decline is an indication that meme coins can be a serious threat to investors.

Conclusion: Should You Invest in DADDY?

Although Andrew Tate's claim and DADDY's rise excite investors, the supply of the token and the amount Tate owns raise doubts. MOTHER's case, however, seems to justify Buterin's criticism of celebrities entering the meme coin market. It is important to research well and consider potential risks before investing in DADDY.