News Explorer — Andrew Tate's Plug for the DADDY Token Has Boosted Its Market Cap Amid Insider Activity Claims

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Jun 12, 8:30 pm

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Andrew Tate's Plug for the DADDY Token Has Boosted Its Market Cap Amid Insider Activity Claims

Former kickboxer and social media personality Andrew Tate has started endorsing meme coins, with the latest one, DADDY, seeing a surge in market cap to over $275 million. However, on-chain analysts have raised concerns about insider activity surrounding the token. Crypto analytics startup Bubblemaps alleges that a large portion of the supply was bought before Tate promoted it on Twitter, and there are suspicions of coordinated buying from specific wallets.

Former kickboxer and social media personality Andrew Tate has started endorsing meme coins, with the latest one, DADDY, seeing a surge in market cap to over $275 million. However, on-chain analysts have raised concerns about insider activity surrounding the token. Crypto analytics startup Bubblemaps alleges that a large portion of the supply was bought before Tate promoted it on Twitter, and there are suspicions of coordinated buying from specific wallets.

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