Andrew Tate-Connected DADDY Vs. Iggy Azalea’s MOTHER

TL;DR

• Meme coin DADDY noticed a 500% building up next endorsements from Andrew Tate. It’s surrounded by means of controversy over insider holdings.
• MOTHER, introduced by means of Iggy Azalea, rose 700% in 30 days regardless of grievance from Ethereum co-founder Vitalik Buterin.

DADDY at the Advance

In spite of the new marketplace correction, the cryptocurrency sector has rallied considerably for the reason that get started of the date, with various well-known property hitting unutilized all-time highs within the date few months. The meme coin area of interest has contributed to the entire frenzy because it is filled with tokens that eyewitness double or even triple-digit value will increase in a decrease duration of age. The unedited sensation is the Solana-based DADDY.

This meme coin noticed the shiny of moment previous in June and first of all charted handiest delicate features. Alternatively, its value skyrocketed on June 13 next a couple of endorsements from Andrew Tate, a former kickboxer and flow on-line influencer.

In one in all his X posts, he not hidden supporting DADDY so it may well turn MOTHER (every other meme coin) “for the patriarchy.” He additionally promised to burn his stash, claiming that he doesn’t need cash however chaos.

DADDY reached an ATH of $0.36 a couple of hours in the past (in keeping with DexScreener’s knowledge) earlier than retracing to its flow degree of roughly $0.25. This nonetheless represents a whopping 400% building up on a day-to-day scale. 

It’s attention-grabbing to notice that the meme coin changed into the topic of excess controversy next crypto analytics company Bubblemaps maintained that insiders bought 30% of the provision at forming. The entity additional said that Andrew Tate won 40% of all DADDY tokens, that are recently virtue greater than $100 million.

No longer way back, the social media persona offered his personal meme coin, ticked RNT. Its value peaked at over $0.05 on June 5 however plummeted in please see days to crash its flow mark of $0.013 (in keeping with CoinMarketCap’s knowledge).

Some would possibly have considered Tate’s resolution to forming a meme coin as a miracle, taking into consideration his earlier stance that he “will never launch a crypto.”

How’s MOTHER Doing?

This meme coin, introduced by means of the Australian style and rapper Iggy Azalea, is up 700% on a 30-day foundation, tapping an ATH of $0.23 on June 6. As of the past, it hovers across the $0.16 mark, pace its marketplace capitalization is round $155 million.

Matching to DADDY, MOTHER brought about some public to boost eyebrows. Ethereum’s co-founder Vitalik Buterin was once amongst the ones criticizing it, pronouncing:

“I’m feeling quite unhappy about “this cycle’s celebrity experimentation” thus far. […] Ashton and Mila’s Stoner Cats was once massively extra honorable than anything else we’ve observable from this 2024 famous person meme coin month – a minimum of there was once an untouched display being funded.”