{"id":624478,"date":"2024-06-13T19:00:56","date_gmt":"2024-06-13T19:00:56","guid":{"rendered":"https:\/\/wncen.com\/?p=624478"},"modified":"2024-06-13T15:50:11","modified_gmt":"2024-06-13T15:50:11","slug":"memecoin-fight-daddy-surpasses-mother-despite-insider-trading-activity-allegations","status":"publish","type":"post","link":"https:\/\/wncen.com\/meme-coins\/memecoin-fight-daddy-surpasses-mother-despite-insider-trading-activity-allegations\/","title":{"rendered":"Memecoin Fight: DADDY Surpasses MOTHER Despite Insider Trading Activity Allegations"},"content":{"rendered":"

The celebrity memecoin mania has added a new player with the recently launched Daddy Tate (DADDY). The token, promoted by the controversial figure Andrew Tate, has gained traction, surpassing Iggy Azalea\u2019s MOTHER.\u00a0 However, Tate is now accused of some concerning activity for crypto investors.<\/p>\n

Related Reading: Dogwifhat To Tumble? Analyst Sets $1 Target For WIF<\/a><\/div>\n

Andrew Tate Endorses DADDY<\/h2>\n

On June 11, former pro kickboxer and controversial online figure Andrew Tate started promoting a new memecoin. The DADDY token was marketed as the direct competition to Iggy Azalea\u2019s MOTHER, the most successful celebrity launch.<\/p>\n

Before he endorsed DADDY, Tate stated he held zero tokens but was aware there were hundreds of memecoins<\/a> related to his likeness. Days later, he invited popular crypto trader Ansem to fight him in a boxing match, claiming this was \u201chis cycle.\u201d He also suggested that the loser donates $10 million to a token of the winner\u2019s choosing.<\/p>\n

Tate\u2019s approach received mixed reactions from the members of the crypto community. Content creator Jakey jokingly claimed<\/a> that Crypto Twitter was the new YouTube. Another user stated, \u201cEvery day we get further away from god.\u201d<\/p>\n

On Tuesday, Tate promoted the Daddy Tate memecoin, which was also received with mixed feelings and some criticism. The promotional posts targeted<\/a> Azalea\u2019s MOTHER while making sexist \u201cjokes\u201d and using domestic violence as a punchline.<\/p>\n

\n

I heard about a coin called mother so now I\u2019m supporting a coin called $DADDY to flip it for the patriarchy. We\u2019re bringing the Gs back make me a fucking sandwich females.<\/p>\n<\/blockquote>\n

Tate\u2019s Memecoin Called Out For Insider Trading<\/h2>\n

On Wednesday, crypto analytics firm Bubblemaps accused<\/a> the token of having \u201chuge insider activity.\u201d According to the firm, they found suspicious activity before Tate started promoting DADDY.<\/p>\n

Bubblemaps revealed that insiders allegedly bought 30% of the token\u2019s supply at launch. On June 9, Daddy Tate\u2019s team sent 40% of the total supply to the former kickboxer, which he promised not to sell. Additionally, he bought $10,000 worth of DADDY and burned it.<\/p>\n

Despite this, the token seems to \u201chave a catch.\u201d Per the report, 11 wallets are holding 20% of the supply. These wallets were founded through Binance with \u201cnearly identical amounts at the same time.\u201d Moreover, they bought the tokens, worth around $30 million, on June 9, before the team started to promote the token on X.<\/p>\n

The firm claims that the timing and amounts \u201cstrongly suggest\u201d the wallets belong to the same group. Similarly, two other clusters hold an additional 10% of the supply and seem to be linked through a third wallet<\/a>.<\/p>\n

Bubblemaps urged investors to remain cautious as the insiders \u201cseem to be active on $DADDY and are trying to cover their tracks.\u201d The firm warned that \u201cone of these wallets could nuke the liquidity pool.\u201d<\/p>\n

DADDY Surpasses MOTHER<\/h3>\n

After Tate\u2019s post about DADDY, the crypto community called him out for his posts. Some users suggested he returned when the token was a MOTHER\u2019s level. At the time, Daddy Tate had a $45 million market capitalization and was trading at $0.1499.<\/p>\n

Nonetheless, DADDY gained traction<\/a> on Wednesday, surging to $0.36. In 24 hours, the token increased by 143% to a new all-time high (ATH) and reached a $280 million market capitalization. This performance saw the memecoin surpass MOTHER despite the controversial promotion and insider activity allegations.<\/p>\n

Since then, the token has retraced to the $0.24 price level, a 32% decline in the last 12 hours. DADDY had a market cap of $240 million at the time of writing.<\/p>\n

Meanwhile, MOTHER<\/a> saw a 46% surge on Wednesday, which propelled the price from $0.15 to $0.22. In the following hours, the memecoin\u2019s price declined 36% to the $0.14 range before recovering.<\/p>\n

Related Reading: FET, OCEAN, And AGIX Drop 8% After ASI Token Merger Delay<\/a><\/div>\n

As of this writing, Azalea\u2019s token is trading for $0.17 and has a market capitalization of $169 million. Despite retracing nearly 40% since its June 5 all-time high, MOTHER still exhibits a 1,900% increase from its launch two weeks ago.<\/p>\n

\"memecoin,
MOTHER’s performance in the three-day chart. Source: MOTHERUSDT on TradingView<\/a><\/figcaption><\/figure>\n
Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The celebrity memecoin mania has added a new player with the recently launched Daddy Tate (DADDY). The token, promoted by the controversial figure Andrew Tate, has gained traction, surpassing Iggy Azalea\u2019s MOTHER.\u00a0 However, Tate is now accused of some concerning activity for crypto investors. Related Reading: Dogwifhat To Tumble? Analyst Sets $1 Target For WIF Andrew Tate Endorses DADDY On June 11, former pro kickboxer and controversial online figure Andrew Tate started promoting a new memecoin. The DADDY token was marketed as the direct competition to Iggy Azalea\u2019s MOTHER, the most successful celebrity launch. Before he endorsed DADDY, Tate stated he held zero tokens but was aware there were hundreds of memecoins related to his likeness. Days later, he invited popular crypto trader Ansem to fight him in a boxing match, claiming this was \u201chis cycle.\u201d He also suggested that the loser donates $10 million to a token of the winner\u2019s choosing. Tate\u2019s approach received mixed reactions from the members of the crypto community. Content creator Jakey jokingly claimed that Crypto Twitter was the new YouTube. Another user stated, \u201cEvery day we get further away from god.\u201d On Tuesday, Tate promoted the Daddy Tate memecoin, which was also received with mixed feelings and some criticism. The promotional posts targeted Azalea\u2019s MOTHER while making sexist \u201cjokes\u201d and using domestic violence as a punchline. I heard about a coin called mother so now I\u2019m supporting a coin called $DADDY to flip it for the patriarchy. We\u2019re bringing the Gs back make me a fucking sandwich females. Tate\u2019s Memecoin Called Out For Insider Trading On Wednesday, crypto analytics firm Bubblemaps accused the token of having \u201chuge insider activity.\u201d According to the firm, they found suspicious activity before Tate started promoting DADDY. Bubblemaps revealed that insiders allegedly bought 30% of the token\u2019s supply at launch. On June 9, Daddy Tate\u2019s team sent 40% of the total supply to the former kickboxer, which he promised not to sell. Additionally, he bought $10,000 worth of DADDY and burned it. Despite this, the token seems to \u201chave a catch.\u201d Per the report, 11 wallets are holding 20% of the supply. These wallets were founded through Binance with \u201cnearly identical amounts at the same time.\u201d Moreover, they bought the tokens, worth around $30 million, on June 9, before the team started to promote the token on X. The firm claims that the timing and amounts \u201cstrongly suggest\u201d the wallets belong to the same group. Similarly, two other clusters hold an additional 10% of the supply and seem to be linked through a third wallet. Bubblemaps urged investors to remain cautious as the insiders \u201cseem to be active on $DADDY and are trying to cover their tracks.\u201d The firm warned that \u201cone of these wallets could nuke the liquidity pool.\u201d DADDY Surpasses MOTHER After Tate\u2019s post about DADDY, the crypto community called him out for his posts. Some users suggested he returned when the token was a MOTHER\u2019s level. At the time, Daddy Tate had a $45 million market capitalization and was trading at $0.1499. Nonetheless, DADDY gained traction on Wednesday, surging to $0.36. In 24 hours, the token increased by 143% to a new all-time high (ATH) and reached a $280 million market capitalization. This performance saw the memecoin surpass MOTHER despite the controversial promotion and insider activity allegations. Since then, the token has retraced to the $0.24 price level, a 32% decline in the last 12 hours. DADDY had a market cap of $240 million at the time of writing. Meanwhile, MOTHER saw a 46% surge on Wednesday, which propelled the price from $0.15 to $0.22. In the following hours, the memecoin\u2019s price declined 36% to the $0.14 range before recovering. Related Reading: FET, OCEAN, And AGIX Drop 8% After ASI Token Merger Delay As of this writing, Azalea\u2019s token is trading for $0.17 and has a market capitalization of $169 million. Despite retracing nearly 40% since its June 5 all-time high, MOTHER still exhibits a 1,900% increase from its launch two weeks ago. Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":624479,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[91895],"tags":[92584,92466,89756,92583,92457,88164,3053,92534,92511,91907],"class_list":["post-624478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-meme-coins","tag-andrew-tate","tag-celebrity-memecoins","tag-crypto-trader","tag-daddy","tag-iggy-azalea","tag-memecoins","tag-mother","tag-mother-iggy","tag-motherusdt","tag-solana-memecoins"],"acf":[],"yoast_head":"\nMemecoin Fight: DADDY Flips MOTHER Despite Controversy<\/title>\n<meta name=\"description\" content=\"DADDY has joined the celebrity memecoin mania after being promoted by Andrew Tate. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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