Andrew Tate's currency collapses and loses 60%, despite strong momentum
$DADDY
Andrew Tate's new cryptocurrency, Daddy Tate Meme Coin (DADDY), has seen a sharp 35% drop in just 24 hours. This decline continues despite Tate's ambitious plans to improve the coin's utility and value.
However, the excitement surrounding the interest proposals of the meme coin Dadi has not yet translated into investor confidence. While Tate continues to promote new apps and integrations, the community and potential investors remain cautious.
Why Andrew Tate plans to turn Daddy into an NFT
He intends to convert Dadi into a non-fungible token (NFT) to significantly reduce its exposure.
"I want to reduce the supply of Dadi coins so that even if you own one, you will receive karmic benefits from the universe. I will do this by purchasing the coin with my own money and burning it at a certain market capitalization. It will have such a limited supply that it will be an honor to own any of it at all," he stated. Tate that.
Furthermore, Tate plans to merge Dadi Coin with his university, Real World University. Exclusive access is proposed for Dadi meme coin holders. He also hinted at potential cache rewards for university members, where free cryptocurrency is generated every day members log in.
Rafay Alavi, a cryptocurrency influencer, suggested another use for the Dadi meme coin involving a trading bot. This bot will work across multiple blockchain platforms and offer referral commissions. Users will need to deposit Dadi meme coins to activate the bot, creating ongoing demand for the token.
According to DEX Screener, the coin boasts over 38,300 holders and has managed to get listed on major cryptocurrency exchanges like Gate.io and MEXC. Tate committed to buying $1 million worth of Dadi coins if the market capitalization reached $300 million and promised to burn the coins if that goal was achieved within ten days.
Despite these initiatives, the Dadi meme is facing difficulties in a volatile market. The currency has fallen by about 60% from its