๐ฅ Andrew Tateโs Meme Coin Drama: Insider Sales and Bold Claims ๐ฐ
#AndrewTate latest venture, the Daddy Tate (DADDY) meme coin, is making waves. Tate recently burned over 400 million DADDY coins, a move he called "legendary," aiming to reduce supply and boost value. The burned coins were worth $114 million, but with only $2.5 million in market liquidity, selling them would have crashed the coin's value.
Tate boldly claims DADDY will hit a $1 billion market cap, though it's currently around $165 million. Despite his confidence, insiders have been selling. One insider sold 15.14 million DADDY for $1.74 million in Solana (SOL), making a staggering 2,875x profit.
Blockchain analysis reveals suspicious trading patterns, with insiders buying 30% of DADDYโs total supply before Tate's promotion. These moves hint at coordinated action, and any major insider sale could disrupt DADDY's market stability. ๐๐