TOP G

Tate

Million

Recent findings from Crypto Twitter researchers reveal that insiders possess a significant portion of Andrew Tate’s cryptocurrency, DADDY. At the launch, these insiders reportedly secured 30% of the token’s initial supply, aligning this acquisition with Tate’s promotional efforts on social media. Currently, insiders allegedly hold tokens valued at approximately $45 million. 
The deployment address linked to DADDy initially transferred 40% of the token to Tate, who has publicly burned $10,000 of the asset. Despite this, he still retains a substantial amount, now worth around $64 million, which he has vowed not to sell.&nbsp; 
Tate’s recent statements on social media underline his commitment, where he claimed a forthcoming live burn of tokens valued at over $100 million. 
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 Im the <a href="https://twitter.com/search?q=%24DADDY&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$DADDY</a>. 200Mil market cap. Im going to burn all of this shit live on Rumble. My last burn was 37million dollars. But now I refuse to burn less than 100million dollars. No brokey burns. Top G. Built different.— Andrew Tate (@Cobratate) <a href="https://twitter.com/Cobratate/status/1800826226900177387?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 12, 2024</a>
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Additional Market Dynamics Observed 
Analysis by Bubblemaps noted suspicious activity on June 9th, involving 11 wallets that bought up 20% of DADDY through simultaneous transactions. These wallets, possibly connected and funded via Binance, currently hold 19% of the total supply, valued at $30 million.&nbsp; 
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 1/ We found huge insider activity on <a href="https://twitter.com/search?q=%24DADDY&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$DADDY</a> 🚨 Insiders bought 30% of the supply at launch, before Andrew Tate (<a href="https://twitter.com/Cobratate?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@Cobratate</a>) started to promote it on X, and are currently sitting on $45M+ A thread 🧵 ↓ <a href="https://t.co/UyB4SpAs9Z" target="_blank">pic.twitter.com/UyB4SpAs9Z</a>— Bubblemaps (@bubblemaps) <a href="https://twitter.com/bubblemaps/status/1800845676948988298?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 12, 2024</a>
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The potential sale from any of these wallets poses a significant liquidity risk. Moreover, two other clusters of wallets acquired 10% of the supply before Tate’s promotional tweets and are now valued at $16 million. 
This layered insider activity casts shadows over the DADDy token’s market stability and raises concerns about potential manipulative practices that could affect ordinary traders. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/06/08/andrew-tate-burns-10-million-worth-top-g-tokens/" target="_blank" rel="noreferrer noopener">Andrew Tate Burns $10 Million Worth TOP G tokens</a> 
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Andrew Tate Promotes DADDY Token Amid Insider Trading Allegations

The Crypto Times

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