The Daddy Tate (DADDY) memecoin, promoted by social media figure Andrew Tate, has surged past Iggy Azalea’s MOTHER token, reaching a $300 million market cap with a price spike of 218% in 24 hours. However, crypto analytics firm Bubblemaps has flagged suspicious insider activity, revealing that 11 wallets acquired 30% of the DADDY supply before Tate's promotion. This pre-launch acquisition now holds a value of approximately $61.4 million. The concentration of tokens in few wallets raises concerns about market manipulation, suggesting that a single sale could drastically impact liquidity. Despite the controversy, Tate denies plans to sell his holdings, vowing instead to burn and buy.
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