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Andrew Tate’s Crypto Token Hits $120M Market Cap
In a major milestone for controversial influencer Andrew Tate cryptocurrency Dad Tate (DAD) has surpassed $120 million in market cap, marking a major moment for the token, which benefits from Tate’s massive social media following and recognizable brand.
Specifically, DADDY’s market cap recently hit $124.57 million, increasing by over 35% in a single day and by over 80% in the last week, according to the latest information retrieved by Finbold from cryptocurrency sector monitoring and analysis platform CoinMarketCap July 4th.
Andrew Tate’s Twitter Fame Increases DADDY
In fact, launched weeks ago, this Encrypt The token has captured significant attention and experienced a rapid rise in value, allowing its inception investors to quickly reap substantial returns, including one that turned $2,000 into $1.74 millionin addition to adding to Andrew Tate Net Worth.
In addition, according to the latest statistics, it has managed to create a community of 47,600 owners. data recovered from Solscan, representing an increase of nearly 40% since June 17, when Finbold was last detected reported on its performance in terms of holders.
Interestingly, a further breakdown of the holder numbers shows the concentration of most of the tokens in just a few addresses, with 25.36% of the DADDY supply held by 10 addresses, while the remaining amount of 74.63% or 447 million tokens belongs to other holders.
DADDY Price Analysis
At press time, the Daddy Tate token was trading at a price of $0.2181, indicating a growth of 34.63% in the last 24 hours, advancing 86.03% in the last seven days, as it narrows its monthly losses to 7.94%, while the rest of the market is struggling amidst a bearish trend.
All in all, Andrew Tate’s crypto token has skyrocketed thanks to the fame of the former professional kickboxer, a testament to the power of influencers. financial businesses in the digital age. However, it is not without risks, so it is crucial to do your research and understand these risks.
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