Andrew Tate Announces Plans to Invest $1 Million in Daddy Tate (DADDY) Coin Once He Reaches 10 Million Followers on X Social Media Platform

Social media personality and former kickboxer Andrew Tate is known for his involvement in the cryptocurrency sector and commitment to making further

Social media personality and former kickboxer Andrew Tate is set to make a $1 million investment in Daddy Tate (DADDY) coin once he reaches 10 million followers on the X social media platform.

In his latest announcement, Tate stated that upon reaching the milestone, he will purchase $1 million of the Solana (SOL)-based meme coin. Currently, Tate has around 9.9 million followers on the platform.

Once im at 10,000,000 followers Im going to buy 1,000,000 USD of $Daddy coin. https://t.co/rSKzPMrrOo

This announcement comes as part of Tate's ongoing efforts to promote DADDY, which have included burning over $150 million of the token to influence its supply and value.

Impact of Tate’s $1 million investment in DADDY

If Tate follows through with his planned investment, it will contribute to DADDY’s utility, which he has promised to push to $1 billion in market capitalization.

This potential $1 million purchase comes in the wake of accusations against Tate of insider trading related to DADDY. At launch, insiders purchased 30% of the total supply, with Tate’s wallet linked to this activity.

Meanwhile, the token ecosystem is expanding its utility, with the introduction of staking. Through this mechanism, users can stake their tokens in exchange for TRW tokens.

Additionally, Tate plans to integrate DADDY with his Real World University, offering exclusive access to holders of the meme coin.

Like other meme coins, DADDY faces controversy regarding token distribution among a few investors. As of August 26, data from Solscan indicates that the top ten accounts hold over 22% of the token’s supply.

In other news, Tate has previously expressed his dissatisfaction for the traditional finance system, leading him to announce plans to convert $100 million of fiat currency into Bitcoin (BTC).

DADDY price analysis

Overall, DADDY has experienced significant volatility but recently showed bullish momentum, breaking above key resistance levels.

At press time, the token was valued at $0.093, with a weekly growth of about 28%. On the daily chart, DADDY is up 15%.

However, with the meme coin still lacking key fundamental drivers of price growth, DADDY investors will rely on overall market trends and hope that Andrew Tate and his brother Tristan Tate avoid further legal troubles in Romania.

The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

The above is the detailed content of Andrew Tate Announces Plans to Invest $1 Million in Daddy Tate (DADDY) Coin Once He Reaches 10 Million Followers on X Social Media Platform. For more information, please follow other related articles on the PHP Chinese website!