Just a year after DADDY is the latest in a line of tokens that self-proclaimed misogynist Tate has publicly supported. Tate Since launching on June 9, the Solana-based DADDY token climbed in value—but it wasn’t until Tate started promoting the project that it really started to jump. On Tuesday afternoon, Tate posted Ive seen daddy beat mommy.Ive never seen mommy beat $DADDY https://t.co/Ydklsg95EG— Andrew Tate (@Cobratate) June 11, 2024As a result, the Solana token is up over 450% to a price of $0.28 over the past 24 hours. But crypto analytics startup Bubblemaps claims that shortly after the token launched, the creator of DADDY sent Andrew Tate’s public wallet 40% of the supply, while Tate later bought and burned an additional $10,000 worth of tokens. But, as 1/ We found huge insider activity on $DADDY Insiders bought 30% of the supply at launch, before Andrew Tate (@Cobratate) started to promote it on X, and are currently sitting on $45M+A thread ↓ pic.twitter.com/UyB4SpAs9Z— Bubblemaps (@bubblemaps) June 12, 2024Instead, nearly 20% of the total supply was snatched up by just 11 wallets funded through Binance, all before the meme coin posted on its “These wallets hold ~19% of the total supply, worth $30 million at the current price,” Bubblemaps said on Twitter early Wednesday, ahead of the latest gains. “One wallet selling could crash the liquidity.”In addition to this group, the analytics firm highlighted another cluster of wallets that holds For now, Tate claims that he won’t sell any crypto tokens—going as far as to publicly “Real Gs know that their money is safe with a real G,” Tate Not all of Twitter bought his promise as pseudonymous crypto influencer This all comes amid the Tate is currently in Romania awaiting trial. He is barred from leaving the country.Edited by Andrew HaywardDisclaimerThe views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
