As a researcher with extensive experience in the cryptocurrency market and social media dynamics, I must admit that I find the recent news about Andrew Tate’s involvement with $DADDY Coin intriguing. Given his controversial online presence and significant following, it’s not surprising to see him leveraging this influence for a potential investment. However, considering his earlier move of burning over $150 million worth of tokens, one can’t help but wonder if he’s playing a long game or simply trying to create market volatility.
Andrew Tate plans to put $1 million into DADDY Coin when he hits 10 million followers on social media platform X (previously known as Twitter).
Tate, known for his controversial online presence with approximately 9.9 million followers, has increasingly become involved in the cryptocurrency space to actively promote the Solana-based meme coin, aiming to increase its market capitalization to $1 billion.
— Andrew Tate (@Cobratate) August 24, 2024
As reported by CoinMarketCap, the current value of the token is approximately $0.07743. This price represents a 2% decrease over the past 24 hours. The total market capitalization stands at $46 million.
Previously this year, Tate grabbed attention when he incinerated more than $150 million worth of DADDY tokens as a means to manipulate the token’s availability and price.
Beyond the forthcoming investment by Tate, $DADDY Coin is readying its staking functionality, enabling token holders to accumulate $TRW tokens as rewards. This new feature is anticipated to increase the coin’s practical applications even more.
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2024-08-25 13:26