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Andrew Tate Plans Airdrop for DADDY Meme Coin Holders
In contrast to Bitcoin’s recent decline to $53,500, Andrew Tate’s meme coin Daddy Tate (DADDY) is showing resilience, suffering only a modest 5.64% drop in the past 24 hours. This comes as the broader cryptocurrency market crashes, with major players such as Ethereum (ETH) and Solana (SUN) making sudden dives.
Meanwhile, Tate’s other meme coin, Real Nigger Tate (RNT), is up more than 17%. His meme coins are soaring amid anticipation of an airdrop.
Andrew Tate Shares Plans for Real World Token (TRW)
According to data from DEX Screenr, DADDY’s market cap has reached approximately $115 million, surpassing the 50,000 holder mark. This milestone is significant, especially because Bitcoin suffers its second-largest sell-off event in history.
Tate teased even bigger aspirations, predicting a $1 billion market cap for the meme coin.
Read more: 7 Meme Coins and Altcoins That Are Trending in 2024
Daddy Tate (DADDY) Price Performance. Source: BeInCrypto
Amidst this, Andrew Tate, a controversial social media influencer, announced an airdrop of The Real World (TRW) token, backed by his educational business. Tate claims that the value of TRW is directly tied to his company’s profits, which reportedly total around $20 million per month.
“This token will be backed by real world profits. Depending on how much of the tokens you own, depends on how much of The Real World you own. If you own 1% of the token supply, you own 1% of The Real World,” Tate elucidated.
However, this bold move has not escaped scrutiny. Crypto investor Luke Martin has expressed concerns about potential regulatory challenges in the US Securities and Exchange Commission (SEC).
“He either gets 9 figs or has a 9 fig legal battle with the US government. Bold strategy,” Martin he said.
Despite potential legal complications, Tate confidently asserts his readiness to handle SEC investigations.
“If you knew the names that work with me to handle SEC obligations, you wouldn’t worry,” Tate he said.
On the other hand, on-chain analytics platforms like Lookonchain and Bubblemaps have raised alarms about internal activities connected to DADDY. Lookonchain highlighted a notable transaction in which an insider sold 15.14 million DADDY coins for around $1.74 million after purchasing them for a mere $1,950. This transaction resulted in a profit magnification of nearly 2,875x.
Read more: Cryptocurrency Scam Projects: How to Spot Fake Tokens
Additionally, Bubblemaps identified suspicious trading patterns near DADDY Launchrevealing that inside sources had secured 30% of the total supply before the start of Tate’s promotional activities.
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