🚀 Memecoin Madness: Daddy Tate ($DADDY) Sees $5.6M Profit in Insider Trading 🤑
A new player in the crypto world, Daddy Tate ($DADDY) token, promoted by former kickboxer Andrew Tate, has sparked excitement among investors. But recent insider trading revelations have cast a shadow on the hype.
🔍 What Happened?
Analytical firm Lookonchain uncovered that an insider made a massive profit from DADDY tokens. They initially bought 29.8 million DADDY tokens for just 13.2 SOL ($1,950) and sold 15.14 million tokens for 11,752 SOL ($1.74 million), resulting in a $5.6 million profit (Don't ask me why, it was calculated by the analysts 😂).
💡 Key Details:
▪️Initial Purchase: 29.8M DADDY for 13.2 SOL ($1,950)
▪️Sold:15.14M DADDY for 11,752 SOL ($1.74M)
▪️Remaining Holdings: 14.7M DADDY valued at $2.8M
▪️Total Profit: $5.6M (2,875x return)
Despite the insider's massive sell-off, they still hold a significant amount of $DADDY tokens, maintaining a strong presence in the market.
