The controversial social media figure has already been accused of insider trading and crypto market manipulation in the past.

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The value of the $DADDY token has sharply declined by over 25% in the past hours, driven by significant insider activity. On-chain reports from Lookonchain revealed that an insider sold 15.14 million $DADDY for 11,752 $SOL, equivalent to $1.74 million, generating an enormous profit given his initial investment was less than $2,000. Before @DaddyTateCTO published his first post, the insider acquired 29.8 million $DADDY tokens for just 13.2 $SOL ($1,950) through three different wallets. After purchasing the tokens, he sold a small portion and transferred most of the remaining tokens through multiple addresses. The bulk eventually flowed to the address

The post $DADDY Token Plummets Over 25% Following Insider’s Massive Sell-Off appeared first on The Merkle News.

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Bubblemaps’ analysis claims a handful of wallets purchased 30% of the supply of the memecoin DADDY before Andrew Tate promoted it online.

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