Bubblemaps’ analysis claims a handful of wallets purchased 30% of the supply of the memecoin DADDY before Andrew Tate promoted it online.
A crypto token promoted by controversial social media figure Andrew Tate has surpassed the token launched by rapper Iggy Azalea despite accusations of significant insider trading activity.
Daddy Tate (DADDY), a Solana memecoin the former pro kickboxer has been promoting since at least June 11 on X, has hit a $300 million market capitalization, and is currently trading for $0.30, up 218% over the last day, according to DEX Screener.
Azalea’s Mother Iggy (MOTHER) token’s market cap, meanwhile, has nearly halved from its $267.58 million peak on June 6 to around $153 million. Its price has also fallen since its $0.27 high on June 6 and is trading at $0.15 — up over 7% on the last day, data shows.
