Andrew Tate’s vocal endorsement of $DADDY has been considered on-brand with his self-proclaimed “misogynist” persona. Daddy coin ($DADDY) is one of a series of cryptocurrencies to receive avowed support from Andrew Tate. In later tweets, the influencer announced his burning of $37 million worth of the token and commitment to bring the coin to $1 billion market cap. Since its launch on June 9, $DADDY has seen a significant increase in value, even more so after Tate’s public endorsement on his social media platform. Following his initial promotional post on Tuesday, the influencer has been actively referring to the token on his official X (formerly Twitter) account.
- Daddy coin ($DADDY) is one of a series of cryptocurrencies to receive avowed support from Andrew Tate.
- In later tweets, the influencer announced his burning of $37 million worth of the token and commitment to bring the coin to $1 billion market cap.
- Tate didn’t sell any tokens but he hasn’t burnt any coin out of his 40% share..
- The selling of any one of these wallets could “nuke the liquidity pool” and insiders are “trying to cover their tracks”, according to the analytics firm.
- However, almost 20% of the coin’s supply was bought by 11 wallets before the meme coin’s first official tweet.
- Amidst Daddy Tate coin surge, a thread on X by blockchain data analyst Bubblemaps breaks down suspicious insider activity related to the coin.
Andrew Tate’s Daddy Coin ($DADDY): Everything You Need To Know About The Controversial Token
- It was released as a promotional single accompanied by an official music video on November 20, 2019.
- He said the figurative “momma and daddy” are actually his fans, whose expectations he’s glad he’s fulfilled, even though they “don’t actually know each other” in real life.
- While the wallets are funded through Binance, making it difficult to confirm whether they belong to the “same group”, Bubblemaps suggests they likely are, given the timing and amounts purchased.
- The thread also draws attention to two other wallet clusters holding 10% of the supply before Andrew Tate’s first tweet, both worth around $16 million.
- Since its launch on June 9, $DADDY has seen a significant increase in value, even more so after Tate’s public endorsement on his social media platform.
It was released as a promotional single accompanied by an official music video on November 20, 2019. However, almost 20% of the coin’s supply was bought by 11 wallets before the meme coin’s first official tweet. While the wallets are funded through Binance, making it difficult to confirm whether they belong to the “same group”, Bubblemaps suggests they likely are, given the timing and amounts purchased. The 11 wallets hold around 19% of the total $DADDY supply, worth $30 million. Amidst Daddy Tate coin surge, a thread on X by blockchain data analyst Bubblemaps breaks down suspicious insider activity related to the coin. According to its reports, 30% of $DADDY supply at launch has been snatched up by insiders before Tate’s social media promotions, amounting over $45 million worth of the token at the current price.
Controversies Surrounding DADDY Coin
The thread also draws attention to two other wallet clusters holding 10% of the supply before Andrew Tate’s first tweet, both worth around $16 million. The selling of any one of these wallets could “nuke the liquidity pool” and insiders are “trying to cover their tracks”, according to the analytics firm. Following the investigation, it is revealed that the team behind $DADDY sent 40% of the token’s total supply, worth $64 million, to Andrew $DADDY Tate’s wallet before the influencer himself bought and burnt an extra $10,000 worth of the token. Tate didn’t sell any tokens but he hasn’t burnt any coin out of his 40% share.. He said the figurative “momma and daddy” are actually his fans, whose expectations he’s glad he’s fulfilled, even though they “don’t actually know each other” in real life.
