Daddy Token Surges as Andrew Tate Pledges $100M Burn, Funds Flow to PlayDoge

cryptonews.com:

In the latest headline-grabbing stunt by the controversial influencer Andrew Tate, a new meme coin called Daddy token has fired up into over $300 million market cap.

This article will analyze DADDY’s current price trends in light of insider dumping by the B-List Brawler, and look to see whether a newer project with genuine developers, PlayDoge, represents a more promising investment opportunity.

I'll just leave this here…$JENNER $MOTHER pic.twitter.com/hgkUw4wTu5

— Crypto Banter (@crypto_banter) May 30, 2024

Yet, with this coin standing as just another example of a celebrity’s dwindling moment of fame being exploited for quickfire profits from their closest fans, Tate’s family name now joins the ranks of fellow washed-up celebrities such as Iggy Azalea, Lil Yachty, and Rich the Kid.

Just to let you know that $DADDY insiders that bought before Tate's tweet are dumping now: pic.twitter.com/vJVMfclADq

— Antoine Rousseaux (@AntoineRSX) June 13, 2024

Despite tapping into Tate’s followers’ obvious ‘Daddy Issues’ to manipulate fans’ goodwill from the start, the scale of insider dumping activity on Tate’s loyal army of teenage boys has still shocked the crypto community.

As price action tumbles amid a realization amongst holders that this is, in fact, a classic scam, Andrew Tate’s DADDY Coin is currently trading at a market price of $0.242 (representing a 24-hour change of +30.76%).

This comes as DADDY price tumbles down from its all-time high at $0.3655, which amid insider selling, triggered the beginning of the end for this short-lived Solana meme coin.

So far, a -42% retracement has swept into the chart, and desperate ranks of more than 18,880 holders are now attempting to mount a defense at the convergence between a lower support