Andrew Tate's Solana-based memecoin $DADDY posted a roughly 10% gain over a 24-hour period, pushing its market capitalisation to approximately $9.4 million. The move snapped a prolonged stret
Andrew Tate's Solana-based memecoin $DADDY posted a roughly 10% gain over a 24-hour period, pushing its market capitalisation to approximately $9.4 million. The move snapped a prolonged stretch of quiet trading and briefly lifted the token back into focus among memecoin watchers.
The token's recent bounce is a far cry from its launch-day highs. DADDY launched on June 9, 2024, and reached a market capitalisation of $240 million within three days, driven almost entirely by Tate's promotional push. Tate framed the token as a direct rival to rapper Iggy Azalea's MOTHER memecoin, saying he wanted to "flip it for the patriarchy."
The launch was not without controversy. Blockchain data platform Bubblemaps highlighted suspicious insider activity, claiming insiders purchased 30% of the DADDY supply before Tate began promoting it on social media and held over $45 million worth of tokens at the time. Bubblemaps also claimed that shortly after launch, the token's creator sent Tate's public wallet 40% of the total supply.
During its peak, DADDY carried a market capitalisation of over $340 million, with a record price per token of $0.24. The token has since shed the vast majority of that value. DADDY's all-time high stands at $0.2886, and it is currently trading roughly 96.60% below that peak.
The token's value is heavily tied to Andrew Tate's public image and social media activity, rather than any fundamental technology or utility. Broader memecoin market sentiment and the performance of Solana-based ecosystem tokens also play a significant role in speculative capital flows into DADDY.
No specific catalyst has been publicly confirmed for the latest 10% move. CoinMarketCap data shows DADDY up approximately 10.77% in the reported 24-hour period, with a live market cap of around $10.19 million. Trading volumes remain thin. CoinGecko recorded a 24-hour trading volume of roughly $528,000, representing a 186% increase from the prior day, signalling a recent uptick in market activity.
As with most celebrity memecoins, the risks are considerable. DADDY has experienced significant volatility and a sharp decline from its 2024 peak, with risks including low liquidity, potential insider issues, and the inherently speculative nature of meme tokens. Investors should conduct their own research before making any trading decisions.
SourcesIQ.wiki: Daddy Tate (DADDY) OverviewDecrypt: Andrew Tate-Backed Solana Token DADDY Up 450% Amid Insider Buying ClaimsCoinMarketCap: Daddy Tate Live Price and Market Data
