Markets
Andrew Tate’s Crypto Token Hits $120 Million Market Cap
In a major milestone for controversial influencer Andrew Tate cryptocurrency Papa Tate (DAD) surpassed $120 million in market cap, marking a notable moment for the token benefiting from Tate’s massive social media following and recognizable brand.
Specifically, DADDY’s market cap recently hit $124.57 million, increasing by over 35% in a single day and over 80% over the past week, according to the most recent information retrieved by Finbold from the crypto sector Monitoring and analysis platform CoinMarketCap The 4th of July.
DADDY 24-hour market cap chart. Source: CoinMarketCap
Twitter celebrity Andrew Tate boosts DADDY
Indeed, launched a few weeks ago, this crypto The token attracted considerable attention and saw a rapid rise in value, allowing for its early launch investors to quickly reap substantial returns, including a yield that turned $2,000 into $1.74 millionas well as the addition of Andrew Tate Net Worth.
In addition to this, it has managed to gather a community of 47,600 holders, according to the latest data. data recovered from Solscan, representing an increase of almost 40% since June 17, when Finbold reported on its performance in terms of holders.
Interestingly, a further breakdown of the number of holders shows the concentration of most of the tokens in a few addresses, with 25.36% of the DADDY supply held by 10 addresses, while the remaining 74.63% or 447 million tokens belong to other holders.
DADDY Price Analysis
At press time, the Daddy Tate token was trading at $0.2181, indicating a growth of 34.63% in the last 24 hours, rising 86.03% in the last seven days, reducing its monthly chart losses to 7.94%, while the rest of the market struggles amid a bearish to orient oneself.
All things considered, Andrew Tate’s crypto token has skyrocketed on the back of the former professional kickboxer’s fame, a testament to the power of influencers. financial However, doing business in the digital age is not without risks, so it is essential to do your own research and understand these risks.
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