Andrew Tate\'s Daddy Tate Hits $300M, Surpasses Iggy Azalea\'s Mother Iggy Amid Scandal

In a recent report by Cointelegraph, a controversial social media figure Andrew Tate promoted a crypto token that surpassed the token launched by musician

Andrew Tate, a controversial social media personality, has been promoting a Daddy Tate (DADDY) crypto token on X since at least June 11, and it has now achieved a market capitalization of $300 million, trading at $0.30, marking a 218% increase over the last 24 hours, according to DEX Screener.

Meanwhile, the Mother Iggy (MOTHER) token, launched by musician Iggy Azalea, has seen its market capitalization decrease significantly from its peak of $267.58 million on June 6, now valued at around $153 million. Its price has also dropped from a high of $0.27 on June 6 and is currently trading at $0.15, showing an increase of over 7% in the last 24 hours, according to data.

One analytics firm has reported suspicious insider activity related to the DADDY token, while Azalea's MOTHER token has also faced similar allegations.

Bubblemaps Flags Insider Trading in Andrew Tate's DADDY Token, Citing Major Pre-Promotion Purchases

Crypto analytics firm Bubblemaps raised concerns over Tate's promoted token in a June 12 post, stating that it had "discovered significant insider activity."

“Insiders bought 30% of the supply at launch before Andrew Tate started to promote it on X,” it said.

According to Bubblemaps, on June 9, 11 wallets acquired 20% of the DADDY token supply, valued at approximately $61.4 million, and all were being funded simultaneously through Binance with “nearly identical amounts at the same time.”

The analytics firm noted that it could not confirm if they are members of the same group; however, “the timing and amounts strongly suggest they do.”

“One wallet selling could crash the liquidity,” it stated, as one-fifth of the token is concentrated in a small group of wallets.

Moreover, according to the report, another group of wallets, which are also linked to the team, acquired 10% of the token supply before Tate's initial post, valued at approximately $30 million.

While 40% of the token supply is currently held by Tate himself, Bubblemaps stated that he "has not sold yet and could start selling at any moment," which is valued at around $122.8 million.

Tate responded to Bubblemaps' accusation in a message, stating that he would "never sell what was sent to my wallet; I will only burn and buy."

In related news, the analytics firm reported in May that it had discovered comparable activity on the MOTHER token, where insiders acquired 20% of its supply at the token's inception, before Azalea's initial announcement of the token.

News source：https://www.kdj.com/cryptocurrencies-news/articles/andrew-tate-daddy-tate-hits-m-surpasses-iggy-azalea-mother-iggy-scandal.html

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