Andrew Tate recently endorsed a new meme coin, leading to a surge in its value. The latest token he promoted, DADDY, skyrocketed past a $275 million market cap. However, on-chain analysts are alleging major insider activity behind its surge. Tate’s tweet about the DADDY token has resulted in the Solana token rising over 450%, reaching a price of $0.28 within the past 24 hours. Crypto analytics platform Bubblemap reported that insiders had acquired about 30% of the token’s supply at launch before Tate’s promotion on X. These insiders are now sitting on over $45 million in profits.

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