{"id":"daddy-tate","version":1,"language":"en","title":"DADDY TATE","hidden":false,"content":"**The $DADDY memecoin**, also known as Daddy Tate, is a [Solana](https://iq.wiki/wiki/solana)-based token promoted by the controversial social media influencer Andrew Tate. Launched on June 9, 2024, it gained attention and reached a market capitalization of $240 million within three days. [\\[1\\]](#cite-id-opu3n8qph3o)[\\[2\\]](#cite-id-z3v5jgv61ij)  \n  \n# Overview  \n  \nUpon the token launch, Andrew Tate announced his support for the DADDY memecoin, attempting to challenge rapper Iggy Azalea's newly launched memecoin [MOTHER](https://iq.wiki/wiki/mother-memecoin). [\\[3\\]](#cite-id-a8funupyo4)  \n  \nOn why he chose this project, he responded:  \n  \n> “I’m doing this for three reasons. One is the culture. The second reason I’m doing this is because it’s f\\*\\*\\*ing hilarious. I load up Twitter, I see some coin, I see someone right underneath it, ‘Bet my house on this coin, this one is going to work’, and then I FUD it.” He added that the third reason is because it’s a “unique experience.” - he said on a livestream with Rumble[\\[8\\]](#cite-id-v87l2k5csd)  \n  \nHe mentioned his plan to burn all his DADDY tokens, aiming for a minimum of $100 million in value. [\\[3\\]](#cite-id-a8funupyo4)[\\[5\\]](#cite-id-tquu8w3on3p)  \n  \n> Im the $DADDY.  \n> 200Mil market cap.  \n> Im going to burn all of this shit live on Rumble.  \n> My last burn was 37million dollars.  \n> But now I refuse to burn less than 100million dollars.  \n> No brokey burns.  \n> Top G.  \n> Built different. - he tweeted on June 12, 2024[\\[4\\]](#cite-id-5r6bqb36vs)  \n  \nIn a live stream Inside The Real World, Tate burned $100+ million worth of $DADDY with the aim to boost demand and increase the coin's market value to $1 billion as promised. [\\[9\\]](#cite-id-kbvhkd2knji)  \n  \n> “The burning was just the beginning of the crypto revolution.” - Andrew Tate said in an X space[\\[9\\]](#cite-id-kbvhkd2knji)  \n  \n## Controversy  \n  \nOn June 7, 2024, Andrew Tate announced on X that he had [burned](https://iq.wiki/wiki/token-burn) over $10 million worth of Solana-based TOPG tokens. Tate received over 580 million TOPG tokens as a donation from an unnamed source. He stated that his intention behind burning the tokens was to cause chaos in the [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) community, stating, \"It's not about money. It's about sending a message.\" [\\[3\\]](#cite-id-a8funupyo4)  \n  \nOn June 12, 2024, [Blockchain](https://iq.wiki/wiki/blockchain) data platform [Bubblemaps](https://iq.wiki/wiki/bubblemaps) highlighted suspicious insider activities surrounding the DADDY token. According to their report, insiders purchased 30% of the $DADDY supply at launch before Tate began promoting it on social media, and these insiders hold over $45 million worth of tokens. [\\[3\\]](#cite-id-a8funupyo4)  \n  \n> “On June 9th at 21:24 UTC, @DaddyTateCTO sent 40% of the $DADDY supply to @Cobratate,” (Tate's official X account) BubbleMaps posted. But here's the catch: 11 wallets, funded through Binance with nearly identical amounts at the same time, bought 20% of $DADDY on June 9th, before @DaddyTateCTO's first tweet.”[\\[7\\]](#cite-id-vhvr0rxuxfo)  \n  \nAdditional transactions imply significant token purchases by wallets before the public announcement, raising concerns about market liquidity and integrity. Following this post, Tate blocked Bubblemaps on the X platform. [\\[10\\]](#cite-id-7dq43yxmv93)  \n  \n> \"While Cobratate hasn’t sold his tokens, insiders seem to be active on $DADDY and are trying to cover their tracks. One of these wallets could nuke the liquidity pool.” - Bubblemaps warned[\\[10\\]](#cite-id-7dq43yxmv93)","summary":"Daddy Tate (DADDY) is a Solana memecoin launched by social influencer Andrew Tate in June 2024.","categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"promoted":0,"tags":[{"id":"Solana"},{"id":"Memecoins"}],"metadata":[{"id":"references","value":"[{\"id\":\"opu3n8qph3o\",\"url\":\"https://www.coingecko.com/en/coins/daddy-tate\",\"description\":\"coingecko page\",\"timestamp\":1718360418781},{\"id\":\"z3v5jgv61ij\",\"url\":\"https://t.me/daddytatecto\",\"description\":\"telegram channel\",\"timestamp\":1718360427870},{\"id\":\"a8funupyo4\",\"url\":\"https://www.bitdegree.org/crypto/news/insider-activity-and-token-burns-andrew-tates-crypto-controversy\",\"description\":\"Insider Activity and Token Burns: Andrew Tate's Crypto Controversy\",\"timestamp\":1718360784977},{\"id\":\"5r6bqb36vs\",\"url\":\"https://x.com/Cobratate/status/1800826226900177387\",\"description\":\"Tate's support for daddy memecoin\",\"timestamp\":1718361285767},{\"id\":\"tquu8w3on3p\",\"url\":\"https://www.geckoterminal.com/solana/pools/zcdAw3jpcqEY8JYVxNVMqs2cU35cyDdy4ot7V8edNhz\",\"description\":\"geckoterminal - daddy memecoin\",\"timestamp\":1718361686934},{\"id\":\"uxa9cyg8kf9\",\"url\":\"https://www.coindesk.com/markets/2024/06/13/early-buyers-of-andrew-tates-daddy-meme-coin-apparently-sitting-on-45m-in-unrealized-value/\",\"description\":\"Early Buyers of Andrew Tate’s DADDY Meme Coin Apparently Sitting on $45M in Unrealized Value\\n\",\"timestamp\":1718362306880},{\"id\":\"vhvr0rxuxfo\",\"url\":\"https://x.com/bubblemaps/status/1800845853298749587\",\"description\":\"Bubblemaps tweet\",\"timestamp\":1718362624064},{\"id\":\"v87l2k5csd\",\"url\":\"https://www.mundodeportivo.com/us/en/20240612/692448/andrew-tate-promises-to-pump-crypto-memecoin-daddy-to-1-billion-market-cap.html\",\"description\":\"Andrew Tate promises to pump crypto meme coin $DADDY to $1 billion market cap\",\"timestamp\":1719494002409},{\"id\":\"kbvhkd2knji\",\"url\":\"https://www.mundodeportivo.com/us/en/20240613/692548/andrew-tate-burns-100-million-worth-of-crypto-meme-coin-daddy.html\",\"description\":\"Andrew Tate burns $100+ million worth of crypto meme coin $DADDY\",\"timestamp\":1719494236463},{\"id\":\"7dq43yxmv93\",\"url\":\"https://coinedition.com/is-andrew-tates-daddy-token-playing-dirty/\",\"description\":\"Is Andrew Tate’s “Daddy” Token Playing Dirty?\\n\",\"timestamp\":1719496160121}]"},{"id":"website","value":"https://daddysuniversity.com/"},{"id":"twitter_profile","value":"https://x.com/DaddyTateCTO"},{"id":"telegram_profile","value":"https://t.me/daddytatecto"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/daddy-tate/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/daddy-tate"},{"id":"solscan_profile","value":"https://solscan.io/token/4Cnk9EPnW5ixfLZatCPJjDB1PUtcRpVVgTQukm9epump"},{"id":"previous_cid","value":"Qme8abTWZYdLWfTmb1A6PhucDGfMmLw5XNdyyvGb2fA8SB"}],"user":{"id":"0x6753061a4cffbc0A617e57E956A298D88702a94B"},"author":{"id":"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb","profile":{"username":"zainab","avatar":"QmZzhTxNPnCKWpsPJtS1YeZUiZ5vFSNHCeStpigLs2pRNt"}},"media":[],"views":142,"events":[],"linkedWikis":{"founders":[],"blockchains":[]},"ipfs":"Qme8abTWZYdLWfTmb1A6PhucDGfMmLw5XNdyyvGb2fA8SB","transactionHash":"0x96a7b5b19220130dbb522b4208c6ed22d378a9f017e57c504a2955990b64a702","created":"2024-06-14T11:13:47.249Z","updated":"2024-06-27T13:58:32.927Z","images":[{"id":"QmdR6LD9vmxDwEwHStV5JwG5SRhhnAsiNQyRZkqbG4fdK8","type":"image/jpeg, image/png"}]}