Andrew Tate Announces Plans To Turn His New $Daddy Coin Into An NFT

Updated: 17 June 2024

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Andrew Tate, a British-American social media personality, businessman, former professional kickboxer and a crypto market influencer and investor, has announced plans to turn his newly launched $Daddy coin into a non-fungible token collection.

Andrew Tate To Turn His $Daddy Coin Into An NFT

In a June 17 short video on X, Andrew Tate has confirmed plans to turn his newly launched coin Daddy into a non-fungible token collection. Tate has maintained that he would reduce the total supply of $Daddy coins to the point that holding one coin would be enough to contribute to the real-world universe.

My master plan for $DADDY

Join now: https://t.co/9TN9VyfzRh pic.twitter.com/IeWnB0ccFw

— Andrew Tate (@Cobratate) June 17, 2024

The social media personality plans to buy Daddy coins with his own money and burn them to the point of a limited supply that it becomes a badge of honour to hold it as a digital asset. Tate will later link the non-fungible token into the real-world universe, where NFT holder can increase their power levels in contribution to the platform.

By the time he launches the real token, anyone with a higher power level will receive the higher airdrop amount. Inside the real-world universe, there will be a new council that will help Tate plan other upcoming crypto projects. All Daddy NFT holders will also be able to contribute to the council.

Andrew Tate’s $Daddy Coin Overview

The former kickboxer and social media personality Andrew Tate launched and began shilling his new $Daddy memecoin last week. Tate’s new Solana-powered crypto token skyrocketed in sales volume and value, reaching a market cap of $275 million in just days.

Since its launch on June 9, the Solana-based $Daddy token did not climb in value until Tate started promoting the project, and it really started to jump. On June 11, Tate posted his first tweet referencing the new Daddy token before actively shilling the project in the subsequent days. As a result, the Solana token went up over 450% to a price of $0.28 in just 24 hours.

⚠️ ANDREW TATE'S PROMISE TO STUDENTS OF THE REAL WORLD ⚠️ pic.twitter.com/GC7PgJAlGV

— The Real World (@therealworld_hq) June 13, 2024

Unfortunately, the Tate crypto project suffered criticism from the crypto community, including the crypto analytics startup Bubblemaps. The analytic firm called the project a foul play, claiming that a large portion of the supply was bought at launch, with more being purchased before Tate promoted it on X (formerly known as Twitter.) The new $Daddy has since gained massive traction among traders.

1/ We found huge insider activity on $DADDY 🚨

Insiders bought 30% of the supply at launch, before Andrew Tate (@Cobratate) started to promote it on X, and are currently sitting on $45M+

A thread 🧵 ↓ pic.twitter.com/UyB4SpAs9Z

— Bubblemaps (@bubblemaps) June 12, 2024