Tate

Million

Coin

<ul class="news-points">
 <li>An insider turned a $1,950 investment into $5.6 million by strategically trading DADDY tokens post-Andrew Tate’s promotion.</li>
 <li>Andrew Tate’s promotion increased visibility and trading activity, impacting DADDY’s token value.</li>
 <li>Burning $150M worth of DADDY tokens, accounting for 40% of the supply, has influenced the token’s market dynamics.</li>
</ul>
An insider reaped a $5.6 million windfall from <a href="https://coinedition.com/is-andrew-tates-daddy-token-playing-dirty/" rel="noopener noreferrer nofollow">strategic trading</a> of DADDY tokens, a cryptocurrency recently promoted by former kickboxer Andrew Tate. Blockchain analytics firm Lookonchain revealed the well-timed transactions, highlighting the potential for significant profits in the volatile crypto market.
According to Lookonchain, the address <a href="https://x.com/lookonchain/status/1801460605939028002" target="_blank" rel="noopener noreferrer nofollow">initially purchased</a> 29.8 million DADDY tokens for 13.2 SOL, equivalent to $1,950, across three wallets. This transaction occurred before former kickboxer Andrew Tate published promotional content about the token.
Eighteen hours later, this insider transferred a large portion of these tokens to new wallets and commenced selling. In total, 15.14 million DADDY tokens were sold for 11,752 SOL, which amounts to $1.74 million. This sale alone resulted in an astounding gain, considering the in…
The post <a href="https://coinedition.com/andrew-tate-effect-crypto-insider-turns-1950-into-5-6-million/" rel="noopener noreferrer nofollow">Andrew Tate Effect: Crypto Insider Turns $1,950 into $5.6 Million</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Andrew Tate Effect: Crypto Insider Turns $1,950 into $5.6 Million

Coin Edition

Other articles published on Jun 14, 2024

Worldcoin Establishes Regional Operations Center in Argentina

TON Price Pumps as Tapswap Network Announces its Imminent Launch on The Open Network

Breaking: Nigeria Dismissed Tax Evasion Charges Against Binance Executives

Blockchain Life 2024 To Take Place In Dubai As The Peak Of Bull Run Is coming

Bitcoin: Chances of Waking Up to $200,000 BTC Growing Higher – Samson Mow

Sempat Terkoreksi, Harga LINK Digadang Akan Meroket

Join our free newsletter for daily crypto updates!