Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
People in the know on the issuance of social influencer Andrew Tate’s daddy meme tokens are apparently sitting on $45 million in unrealized value, wallet tracking service Bubblemaps
“On June 9th at 21:24 UTC, @DaddyTateCTO sent 40% of the $DADDY supply to @Cobratate,” BubbleMaps posted. @Cobratate is Tate’s official X account. “But here's the catch: 11 wallets, funded through Binance with nearly identical amounts at the same time, bought 20% of $DADDY on June 9th, before @DaddyTateCTO's first tweet.”
As such, trading pools of the tokens have just over $2.4 million in available liquidity, meaning the positions cannot be realized for their entire value as of Thursday. This is the first crypto token the controversial social media star appears to be directly involved in—an association that helped move the token to a $240 million market capitalization just three days after going live. DEXTools data shows that prices are up 55% in the past 24 hours.
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