Andrew Tate, a polarizing social media personality, has seen his crypto token, Daddy Tate (DADDY), outperform rapper Iggy Azalea's token, Mother Iggy (MOTHER), despite allegations of insider trading. DADDY, a Solana-based memecoin promoted by Tate, has reached a $300 million market cap and is trading at $0.30, marking a 218% increase in the last 24 hours. In contrast, MOTHER's market cap has dropped to $153 million from its peak of $267.58 million, with its price falling to $0.15. Bubblemaps, a crypto analytics firm, flagged suspicious insider activity surrounding DADDY, revealing that 11 wallets acquired 20% of the token supply before Tate's promotion, potentially worth $61.4 million. Tate's holdings of 40% could impact liquidity if sold. Despite these concerns, Tate pledged not to sell his tokens. The crypto community remains wary of such celebrity-backed tokens, given the risks associated with concentrated ownership. Read more AI-generated news on: https://app.chaingpt.org/news
