Token

Kaspa

Solana

Tate

A Solana meme coin by the name of Daddy Tate (DADDY) that’s promoted by controversial social media commentator Andrew Tate surged 137% amid&nbsp;insider trading allegations.
The recent pump pushed DADDY’s market cap above $300 million, according to DEX Screener <a href="https://dexscreener.com/solana/zcdaw3jpcqey8jyvxnvmqs2cu35cyddy4ot7v8ednhz" rel="noopener noreferrer nofollow">data</a>. DADDY is currently the top trending Solana token on DEXTools and trades at $0.2582 as of 5.02 a.m. EST.
<img decoding="async" src="https://static01.nyt.com/images/2022/08/24/multimedia/24xp-tate/24xp-tate-superJumbo.jpg" alt="Why Andrew Tate's Social Media Accounts Are Being Removed ...">
<h2 id="span-style-font-weight-400-insider-trading-allegations-cloud-daddy-span">Insider Trading Allegations Cloud DADDY</h2>
DADDY’s strong performance has been accompanied by controversy after its promotion by Tate, a former professional kickboxer.
 Bubblemaps, a crypto analytics firm, said on June 12 that it found “huge insider trading activity on $DADDY”
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 1/ We found huge insider activity on <a href="https://twitter.com/search?q=%24DADDY&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DADDY</a> 🚨
 Insiders bought 30% of the supply at launch, before Andrew Tate (<a href="https://twitter.com/Cobratate?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Cobratate</a>) started to promote it on X, and are currently sitting on $45M+
 A thread 🧵 ↓ <a href="https://t.co/UyB4SpAs9Z" rel="noopener noreferrer nofollow">pic.twitter.com/UyB4SpAs9Z</a>
 — Bubblemaps (@bubblemaps) <a href="https://twitter.com/bubblemaps/status/1800845676948988298?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 12, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
“Insiders bought 30% of the supply at launch before Andrew Tate started to promote it on X,” the firm said in a Jun. 12 post on X.&nbsp;
All of these purchases were funded through <a href="https://insidebitcoins.com/news/binance-founder-changpeng-zhao-begins-four-month-sentence-in-low-security-california-prison" rel="noopener noreferrer nofollow">Binance</a>, and had “nearly identical amounts at the same time,” Bubblemaps added. 
The firm added that it was unable to confirm whether these purchases belonged to the same group of investors, but said “the timing and amounts strongly suggest they do.”
<h2 id="span-style-font-weight-400-andrew-tate-says-he-will-never-sell-tokens-sent-to-his-address-span">Andrew Tate Says He Will Never Sell Tokens Sent To His Address</h2>
Bubblemaps said a small concentration of wallets hold one-fifth of DADDY’s supply and warned that if those wallets started selling it “could crash” the crypto’s liquidity.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Real Gs know that their money is safe with a real G.
 Scamming jeets dont trust anyone because they think everyone is a scammer jeet like them.
 You see yourself in others.
 I will never sell what was sent to my wallet, I will only burn and buy.
 Forever.
 Diamond hands. <a href="https://t.co/E0qHIa0Bt3" rel="noopener noreferrer nofollow">https://t.co/E0qHIa0Bt3</a>
 — Andrew Tate (@Cobratate) <a href="https://twitter.com/Cobratate/status/1800934450735480966?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 12, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Tate has not yet touched the 40% chunk of the supply that he holds.
“Scamming jeets dont trust anyone because they think everyone is a scammer jeet like them,” Tate posted in response to the allegation.
He added that he has no intention of selling tokens that were sent to his wallet, and that he “will only burn or buy.”
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DADDY Token Promoted By Andrew Tate Surges 137% Amid Insider Trading Allegations

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