Daddy Token Surges as Andrew Tate Pledges $100M Burn, Funds Flow to PlayDoge
In the latest headline-grabbing stunt by the controversial influencer Andrew Tate, a new meme coin called Daddy token has fired up into over $300 million market cap.
This article will analyze DADDY’s current price trends in light of insider dumping by the B-List Brawler, and look to see whether a newer project with genuine developers, PlayDoge, represents a more promising investment opportunity.
I'll just leave this here…$JENNER $MOTHER pic.twitter.com/hgkUw4wTu5
— Crypto Banter (@crypto_banter) May 30, 2024
Yet, with this coin standing as just another example of a celebrity’s dwindling moment of fame being exploited for quickfire profits from their closest fans, Tate’s family name now joins the ranks of fellow washed-up celebrities such as Iggy Azalea, Lil Yachty, and Rich the Kid.
Just to let you know that $DADDY insiders that bought before Tate's tweet are dumping now: pic.twitter.com/vJVMfclADq
— Antoine Rousseaux (@AntoineRSX) June 13, 2024
Despite tapping into Tate’s followers’ obvious ‘Daddy Issues’ to manipulate fans’ goodwill from the start, the scale of insider dumping activity on Tate’s loyal army of teenage boys has still shocked the crypto community.
Andrew Tate Sells-Out: DADDY Price Dumps As Insiders Rinse War Room And Leave Tate Fans Rekt
As price action tumbles amid a realization amongst holders that this is, in fact, a classic scam, Andrew Tate’s DADDY Coin is currently trading at a market price of $0.242 (representing a 24-hour change of +30.76%).
This comes as DADDY price tumbles down from its all-time high at $0.3655, which amid insider selling, triggered the beginning of the end for this short-lived Solana meme coin.
So far, a -42% retracement has swept into the chart, and desperate ranks of more than 18,880 holders are now attempting to mount a defense at the convergence between a lower support level and the lower trendline.
Therefore $0.22-$0.25 forms a critical level for DADDY price, with everything to play for, as a downtick from here would trigger a capitulative bleed-out.
Indeed, with allegations of insider dumping already fuelling the sell-off, it’s difficult to imagine where upside momentum could come from.
Whilst the ever-benevolent scammer Tate has offered to burn around $100 million of the token, this still appears to be a late-stage token move, and could indicate his anticipation of the sell-pressure to come.
I dont need 100million dollars.
I have hundreds already.
I want to be a legend.
THE legend.
Top G.
— Andrew Tate (@Cobratate) June 13, 2024
After all, with a present market cap at $233M, and lacking the genuine meme power that creates giants, the value-proposition to late-entrants remains mediocre at around 3-4x best case from here.
For this reason, retail investors are now shifting their attention to an exceptional GameFi presale made by genuine developers, with true meme power at its core and DADDY-coin-beating returns on the cards.
This Lesser-Known Token Is Stealing Andrew Tate’s Spotlight
One project gaining serious recognition from eagle-eyed investors is Playdoge (PLAY), which is currently trading at the presale stage – meaning if you’re reading this, you could become an early investor.
Indeed, finding hidden gems like this early in the presale stage is one of the most effective opportunities to unlock substantial gains in the 2024 crypto market.
Let’s explain; for a token like MAGA coin to produce a 10x gain in your portfolio, it would need to grow from a $95m market cap, to a jaw-dropping $950m market cap – that’s an influx of $855M.
By comparison, if you invested early in a high-growth potential project like Playdoge, at the minuscule early-bird exclusive price of just $0.00506, then a simple 10x move would only require an influx of $27m ($3M to $30M market cap).
In fact, if the viral new Tamagotchi-style GameFi project repeats MAGA coin’s current success – early investors that bought today would be sat atop a life-changing 30x gain.
Just imagine that 1 ETH invested today could produce 30 ETH later this year.
With Playdoge aiming to launch a play-2-earn game in the coming months, alongside a DEX launch and a quickfire line-up of CEX listings, now could be a great time to get involved.
So, for the lucky readers who made it this far, don’t miss out on this hidden gem opportunity.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
