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Andrew Tate’s cryptocurrency has fallen 50% since its creation in June
Former kickboxing star and social media influencer, Andrew Tateis making more and more incursions into the crypto markets These last months.
THE cryptocurrency The offensive took place in various tones and covering various aspects of the industry. On the one hand, Tate has apparently declared war on one of the largest ecosystems – Solana (GROUND) – And pledged to destroy it.
On the other hand, he has been positive and even – at least rhetorically – maximalist in other areas, such as when he claimed to be abandoning traditional fiat currencies in favor of Bitcoin (Bitcoin).
I know I’m not supposed to do this in times of chaos, but I’m about to completely exit fiat and invest over 100 million in btc.
And I’ll even prove that I did it.
I’m done with banks.
I’m done with their money.
No more scams.
Then I’m going boating.
— Andrew Tate (@Cobratate) May 15, 2024
Finally, Andrew Tate also branched out into the world of meme coins with the launch of the Daddy Tate (DADDY), a uniquely themed project.
DADDY coin fails to land on solid ground
Although DADDY has seen several notable rallies during its month-long existence, it has yet to find truly solid ground as of July 18.
Indeed, like many similar pieces and tokensDaddy Tate experienced a rapid surge after its release, only to experience a deep fall. The cryptocurrency received another boost a few weeks later when Andrew Tate’s lengthy legal battle with Romanian authorities was apparently It’s over.
The news that the influencer is free to leave the country caused DADDY’s price to rise rapidly from $0.11 to $0.23 in just a few days, but the the rally was crushed Around the same time, it was clarified that the former kickboxer was still confined in the EU.
Overall, Daddy Tate is down 46.63% from its mid-June launch and its more recent launch trade has not been substantially more positive as the meme coin is 19.88% in the red over the last 7 days. DADDY’s price today is $0.13.
DADDY historical price chart. Source: CoinMarketCap
Meanwhile, the top 10 holders collectively own 145,461,398.91 tokens (24.25%), according to the latest Solscan data.
Yet on July 17 and 18, Andrew Tate made significant efforts to boost his meme currency. The influencer promised in a X He posted that if his promotional tweets received 5,000 retweets, it would match DADDY’s biggest investment, if it was shared 10,000 times, it would double it, and 20,000 times would lead to a gift-wrapped Lamborghini.
At the time of going to press, the posts had 12,000 retweets.
Around the same time, the influencer also published a promotional video of him and his brother – Tristan – game. The caption of the video made an association with PAPA and stated that an activity cannot be called a game as long as the player wins.
At the time of publication, it remains unclear how apt this slogan is, given Daddy Tate’s performance.
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