Memecoins
Andrew Tate Promoted DADDY Meme Coin Flips, Iggy Azalea’s MOTHER
Andrew Tate promoted piece of money DAD Rocking MOTHERthe token created by Australian rapper Iggy Azalea, according to DEX filter. This was the goal former kickboxer Tate was aiming for when he first promoted the token.
“I support a coin called $DADDY to launch it for the patriarchy” Tate posted on Twitter, shortly after first promoting it. “We’re bringing back the G’s, make me a fucking female sandwich.”
The self-proclaimed misogynist posted a series of tweets promoting the token, saying he would. never sell but rather burn the 40% of the supply it holds in its public portfolio.
In turn, the token surpassed a market cap of $200 million as of midday on Wednesday, toppling MOTHER which had a market cap of $192 million.
Shortly after, the MOTHER token launched by Iggy Azalea grabbed a market cap of $200 million. While the artist visited the New York Stock Exchange and Forbes published an article billing her as a “pioneer of the creator economy,” the token soared to a market cap of $212 million.
But that wasn’t enough to reclaim its place as the top influencer token as DADDY continued to rise. Soon he passed by MOTHER is at the highest ever market cap of $240 million and quickly surpassed the market cap of $300 million, peaking at $340 million. Meanwhile, MOTHER fell below $200 million.
Now the Tate-approved token DADDY sits at a market cap of $256 million while MOTHER has fallen to $163 million. Tate, who is currently awaiting trial in Romania on alleged charges of human trafficking and rape, took to Twitter to celebrate, saying he was “built differently” and is “take control.”
It all comes in the middle insider buyer complaints rallied against the DADDY token. Cryptocurrency analytics startup Bubblemaps posted a series of Tweets which they say shows that insiders purchased 30% of the total supply when the token launched, in addition to Tate receiving 40% of the supply.
“A single portfolio sale could cause liquidity to plummet,” the team job.
Interesting way, similar allegations rallied against the analytics company’s MOTHER OF Azalea token. In this case, they believe 20% of the supply was misappropriated, with these wallets already selling $2 million. at the time of publication.
This occurs in the context of Tate’s trail for alleged human trafficking and rape in Romania, which prevented the influencer from leaving the country.
In March, British authorities issued a separate arrest warrant for Andrew Tate and his younger brother, Tristan, for rape and sexual assault. Romanian authorities only agreed to extradite the influencer after his trial in their country concluded.
Edited by Stacy Elliott.