- An insider turned a $1,950 investment into $5.6 million by strategically trading DADDY tokens post-Andrew Tate’s promotion.
- Andrew Tate’s promotion increased visibility and trading activity, impacting DADDY’s token value.
- Burning $150M worth of DADDY tokens, accounting for 40% of the supply, has influenced the token’s market dynamics.
An insider reaped a $5.6 million windfall from strategic trading of DADDY tokens, a cryptocurrency recently promoted by former kickboxer Andrew Tate. Blockchain analytics firm Lookonchain revealed the well-timed transactions, highlighting the potential for significant profits in the volatile crypto market.
According to Lookonchain, the address initially purchased 29.8 million DADDY tokens for 13.2 SOL, equivalent to $1,950, across three wallets. This transaction occurred before former kickboxer Andrew Tate published promotional content about the token.
Eighteen hours later, this insider transferred a large portion of these tokens to new wallets and commenced selling. In total, 15.14 million DADDY tokens were sold for 11,752 SOL, which amounts to $1.74 million. This sale alone resulted in an astounding gain, considering the in…
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