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Andrew Tate Plans Airdrop For DADDY Meme Coin Holders
In contrast to Bitcoin’s recent drop to $53,500, Andrew Tate’s Daddy Tate (DADDY) meme coin is showing resilience, suffering only a modest 5.64% decline over the past 24 hours. This comes as the broader cryptocurrency market tumbles, with major players such as Ethereum (ETH) and Solana (SOL) making sharp dives.
Meanwhile, Tate’s other meme coin, Real Nigger Tate (RNT), has surged over 17%. His meme coins are rising in anticipation of an airdrop.
Andrew Tate Shares Plans for Real World (TRW) Token
Second data from DEX Screenr, DADDY’s market cap has reached approximately $115 million, surpassing the 50,000 shareholder milestone. This milestone is significant, especially because Bitcoin Suffers Second Largest Liquidation event in history.
Tate hinted at even grander aspirations, predicting a $1 billion market cap for the meme coin.
To know more: 7 Trending Meme Coins and Altcoins in 2024
Amidst all this, Andrew Tate, a controversial social media influencer, has announced an airdrop of The Real World (TRW) token, backed by his educational business. Tate claims that TRW’s value is directly tied to his business’ profits, which he says are pulling in about $20 million a month.
“This token will be backed by real world profits. Depending on how many tokens you own, depends on how much of the Real World you own. If you own 1% of the token supply, you own 1% of the Real World,” Tate clarified.
However, this bold move has not escaped scrutiny. Cryptocurrency investor Luke Martin has expressed concerns about potential regulatory challenges from the United States. Securities and Exchange Commission (SEC).
“Either he makes 9 figures or he gets into a 9 figure legal battle with the US government. Bold strategy,” Martin She said.
Despite the potential legal complications, Tate confidently states his willingness to handle the SEC’s investigation.
“If you knew the names of the people who work with me to handle SEC obligations, you wouldn’t worry,” Tate She said.
On the contrary, on-chain analytics platforms like Lookonchain and Bubblemaps have raised the alarm internal activities related to DADDYLookonchain highlighted a notable transaction where an insider sold 15.14 million DADDY coins for around $1.74 million after acquiring them for just $1,950. This transaction resulted in a profit magnification of almost 2,875 times.
To know more: Crypto Scam Projects: How to Spot Fake Tokens
Additionally, Bubblemaps has identified dubious trading patterns in the vicinity The launch of DADDYrevealing that insiders had secured 30% of the total supply before Tate’s promotional activities began.
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