Andrew Tate's DADDY Coin: Everything You Need to Know

Bittime - DADDY Coin ($DADDY), a Solana-based meme coin, surged 450% thanks to Andrew Tate's controversial endorsement. Find details about Tate's endorsement, a $37 million token burn, and suspicious insider activity.

What is Andrew Tate's DADDY Coin?

DADDY Coin ($DADDY), a Solana-based meme coin, has recently become popular due to its association with influencer Andrew Tate and his endorsement. Andrew Tate is a controversial British-American businessman, former professional kickboxing athlete, and internet personality known for his misogynistic views on gender roles, relationships, and masculinity. 

One of Tate's controversial statements was that women should be provided for and protected by men because they belonged to their husbands in marriage and were therefore responsible. $DADDY has earned more money since its release on June 9 thanks mainly to Tate's social media support.

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Andrew Tate Backs DADDY Coin ($DADDY)

Andrew Tate actually supports several crypto assets, one of which is the DADDY coin ($DADDY). In a subsequent tweet, the influencer announced a $37 million token burn and his commitment to growing the coin to reach a $1 billion market cap. 

Despite controversy about its celebrity backers, the token is reportedly up 450% recently. $DADDY is trading at $0.3 with a market cap of more than $300 million, according to data compiled from DexScreener.

The Case That Occurred Regarding Andrew Tate's DADDY Coin

Blockchain data analyst Bubblemaps put together a thread on X, breaking down suspicious insider activity related to Tate's DADDY coin during the surge. He reported that 30% of $DADDY's supply at launch was snapped up by insiders prior to Tate's social media promotion, with the token currently valued at over $45 million.

Conclusion

Controversial influencer Andrew Tate has endorsed the DADDY coin ($DADDY), which is a Solana-based meme coin. Tate has actively supported the coin, even announcing that he would burn $37 million worth of tokens and promising to reach a $1 billion market cap. Tate's support has seen the coin's price skyrocket, rising 450%. 

This coin, however, is not free from controversy. Bubblemaps blockchain data analysts discovered suspicious insider activity that raises concerns about the integrity and transparency of the coin's success. This suggests that insiders took 30% of the $DADDY supply at launch.

Overall, although $DADDY is gaining popularity thanks to celebrity endorsements, financiers should be careful and consider the risks associated with buying meme coins pushed by controversial people.

Cara Beli Crypto di Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

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