Andrew Tate’s crypto token hits $120 million market cap 
Cryptocurrency Jul 4, 2024 Share
In a milestone achievement for the controversial influencer, Andrew Tate’s cryptocurrency Daddy Tate (DADDY) has surpassed $120 million in market capitalization, marking a notable moment for the token benefitting from Tate’s massive social media following and recognizable brand.
Specifically, DADDY’s market cap has recently hit $124.57 million, rising over 35% in a single day and over 80% across the past week, according to the most recent information retrieved by Finbold from the crypto sector monitoring and analytics platform CoinMarketCap on July 4.
DADDY market cap 24-hour chart. Source: CoinMarketCap
Andrew Tate Twitter fame boosts DADDY
Indeed, launched weeks ago, this crypto token has captured significant attention and experienced a swift ascent in value, allowing its early investors to quickly reap substantial returns, including one that turned $2,000 into $1.74 million, as well as adding to Andrew Tate net worth.
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On top of that, it has managed to amass a 47,600-strong holder community, according to the latest data retrieved from Solscan, which represents an increase of nearly 40% since June 17, when Finbold last reported on its performance in terms of holders.
Interestingly, a further breakdown of the holders’ numbers shows the concentration of most tokens in a few addresses, with 25.36% of the DADDY supply held by 10 addresses, while the remaining amount of 74.63% or 447 million tokens belongs to other holders.
DADDY holders summary. Source: Solscan
DADDY price analysis
At press time, the Daddy Tate token was trading at the price of $0.2181, which indicates a growth of 34.63% in the last 24 hours, advancing 86.03% across the past seven days, as it reduces its monthly chart losses to 7.94%, while the rest of the market is struggling amid a bearish trend.
DADDY price 7-day chart. Source: CoinMarketCap
All things considered, Andrew Tate’s crypto token has soared sky-high thanks to the former professional kickboxer’s fame, testifying to the power of influencer-driven financial ventures in the digital age. However, it is not without risks, so doing one’s own research and understanding these risks is crucial.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
