Suspicious activity around DADDY memcoin by Andrew Tate
14.06.2024
The analytical platform Bubblemaps has identified suspicious activity in the DADDY memecoin project, which is actively promoted by the famous kickboxer Andrew Tate. According to the platform, shortly before the launch of the Daddy Tate (DADDY) memecoin on June 9, unknown insiders acquired about 30% of the total supply of the crypto asset, worth over $45 million, distributing them across 21 wallets. On the same day, before the DADDY advertising campaign began on the X network, the project team transferred another 40% of the total supply to Andrew Tate, who became the face of the project and committed to promoting it on social media.On June 14, information appeared on the X platform that Tate had burned all the DADDY coins he owned. Bubblemaps experts strongly recommend that crypto investors exercise caution, as there is "suspicious activity around the DADDY memecoin," and one of the key wallets could destabilize the project's liquidity pool.Currently, DADDY is trading at $0.269, with its all-time high at $0.346483. The 24-hour trading volume of DADDY exceeded $41 million, and the market capitalization reached $275 million.Andrew Tate, a former professional kickboxer and popular blogger, previously announced his intention to completely abandon fiat currencies and invest over $100 million in various digital assets, including Bitcoin.
