Contrasting Bitcoin’s current decline to $53,500, Andrew Tate’s Daddy Tate (DADDY) meme coin demonstrates resilience, struggling solely a modest 5.64% drop over the previous 24 hours. This happens because the broader cryptocurrency market crashes, with main gamers like Ethereum (ETH) and Solana (SOL) taking sharp dives.
In the meantime, Tate’s different meme coin, Actual Nigger Tate (RNT), is up by over 17%. His meme cash surge amidst anticipation of an airdrop.
Andrew Tate Shares Plans For The Actual World (TRW) Token
In keeping with information from DEX Screenr, DADDY’s market capitalization has reached roughly $115 million, surpassing the 50,000-holder mark. This milestone is important, significantly as Bitcoin endures its second-largest liquidation occasion in historical past.
Tate has teased even grander aspirations, forecasting a $1 billion market capitalization for the meme coin.
Learn extra: 7 Sizzling Meme Cash and Altcoins which are Trending in 2024
Amidst this, Andrew Tate, a controversial social media influencer, has introduced an airdrop of The Actual World (TRW) token, backed by his instructional enterprise. Tate claims that the worth of TRW is straight linked to his enterprise’s earnings, which reportedly amass about $20 million month-to-month.
“This token is going to be backed by the profits of the real world. Depending on how much of the tokens you own, depends how much of The Real World you own. If you own 1% of the token supply, you own 1% of The Real World,” Tate elucidated.
Nonetheless, this daring initiative has not escaped scrutiny. Crypto investor Luke Martin voiced issues about potential regulatory challenges from the US Securities and Alternate Fee (SEC).
“He either makes 9 figs or gets a 9 fig legal battle with the US government. Bold strategy,” Martin mentioned.
Regardless of potential authorized problems, Tate confidently asserts his readiness to deal with SEC inquiries.
“If you knew the names working with me to handle SEC obligations, you wouldnt worry,” Tate mentioned.
Conversely, on-chain analytics platforms like Lookonchain and Bubblemaps have raised alarms about insider actions related to DADDY. Lookonchain highlighted a notable transaction wherein an insider offered 15.14 million DADDY cash for about $1.74 million after buying them for merely $1,950. This transaction resulted in a revenue magnification of almost 2,875 instances.
Learn extra: Crypto Rip-off Initiatives: How To Spot Faux Tokens
Furthermore, Bubblemaps recognized doubtful buying and selling patterns close to DADDY’s launch, revealing that insiders had secured 30% of the full provide earlier than Tate’s promotional actions commenced.
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