English
Arabic
Chinese (Simplified)
Indonesian
Russian
- Suspicious exercise flagged round Andrew Tate’s “Daddy” token launch.
- Giant token purchases earlier than promotion elevate market manipulation issues.
- Buyers cautioned towards “Daddy” token attributable to potential dangers.
Blockchain analytics platform Bubblemaps has recognized suspicious insider exercise surrounding the launch of Andrew Tate’s “Daddy” token (DADDY), elevating issues about potential market manipulation.
In response to the blockchain information platform, insiders acquired 30% of the Daddy token’s provide at launch earlier than Tate publicized it. These insiders allegedly maintain Daddy tokens price greater than $45 million. Following this put up, Tate blocked Bubblemaps on the X platform.
Daddy’s deployer handle transferred 40% of the Daddy token to Tate at roughly 21:42 UTC on June 9. The outstanding social media character subsequently purchased and burned $10,000 price of Daddy tokens. Though Tate has not bought tokens, Bubblemaps highlighted different questionable insider transactions that would affect market traits.
Even earlier than the primary put up about Daddy Token on June 9, 11 wallets had purchased 20% of DADDY’s token provide. On-chain information revealed that these wallets bought equivalent tokens inside 10 minutes via the Binance platform.
Though Bubblemaps couldn’t affirm the id of the pockets homeowners, it maintained that the “timing and quantities” advised possession by the identical group. The wallets presently maintain roughly 19% ($30 million) of DADDY’s provide, and a sell-off from a single pockets might considerably affect the token’s liquidity.
Moreover, insights from Solscan present that two different pockets clusters, linked via pockets “4SfQWh,” maintain 10% of the Daddy token’s complete provide. Altogether, these tokens are presently price $16 million. Like the primary occasion, these clusters bought the tokens earlier than Tate’s first X put up on DADDY. In the meantime, Tate has but to burn his 40% holding price $64 million and will dump at any second. Bubblemaps wrote:
”Whereas Cobratate hasn’t bought his tokens, insiders appear to be energetic on $DADDY and try to cowl their tracks. Considered one of these wallets might nuke the liquidity pool.”
The blockchain information platform urged market members to train warning when investing within the Daddy tokens.
Disclaimer: The data introduced on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any type. Coin Version just isn’t accountable for any losses incurred on account of the utilization of content material, merchandise, or companies talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.