Contrasting Bitcoin’s current decline to $53,500, Andrew Tate’s Daddy Tate (DADDY) meme coin demonstrates resilience, struggling solely a modest 5.64% drop over the previous 24 hours. This happens because the broader cryptocurrency market crashes, with main gamers like Ethereum (ETH) and Solana (SOL) taking sharp dives.
In the meantime, Tate’s different meme coin, Actual Nigger Tate (RNT), is up by over 17%. His meme cash surge amidst anticipation of an airdrop.
Andrew Tate Shares Plans For The Actual World (TRW) Token
In response to information from DEX Screenr, DADDY’s market capitalization has reached roughly $115 million, surpassing the 50,000-holder mark. This milestone is important, notably as Bitcoin endures its second-largest liquidation occasion in historical past.
Tate has teased even grander aspirations, forecasting a $1 billion market capitalization for the meme coin.
Learn extra: 7 Scorching Meme Cash and Altcoins which can be Trending in 2024
Daddy Tate (DADDY) Value Efficiency. Supply: BeInCrypto
Amidst this, Andrew Tate, a controversial social media influencer, has introduced an airdrop of The Actual World (TRW) token, backed by his academic enterprise. Tate claims that the worth of TRW is immediately linked to his enterprise’s income, which reportedly amass about $20 million month-to-month.
“This token goes to be backed by the income of the true world. Relying on how a lot of the tokens you personal, relies upon how a lot of The Actual World you personal. When you personal 1% of the token provide, you personal 1% of The Actual World,” Tate elucidated.
Nonetheless, this daring initiative has not escaped scrutiny. Crypto investor Luke Martin voiced considerations about potential regulatory challenges from the US Securities and Alternate Fee (SEC).
“He both makes 9 figs or will get a 9 fig authorized battle with the US authorities. Daring technique,” Martin mentioned.
Regardless of potential authorized problems, Tate confidently asserts his readiness to deal with SEC inquiries.
“When you knew the names working with me to deal with SEC obligations, you wouldnt fear,” Tate mentioned.
Conversely, on-chain analytics platforms like Lookonchain and Bubblemaps have raised alarms about insider actions linked to DADDY. Lookonchain highlighted a notable transaction wherein an insider bought 15.14 million DADDY cash for about $1.74 million after buying them for merely $1,950. This transaction resulted in a revenue magnification of almost 2,875 instances.
Learn extra: Crypto Rip-off Tasks: How To Spot Pretend Tokens
Furthermore, Bubblemaps recognized doubtful buying and selling patterns close to DADDY’s launch, revealing that insiders had secured 30% of the overall provide earlier than Tate’s promotional actions commenced.
