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The Daddy Tate price plunged 20% in the past 24 hours to trade for $0.2551 as of 03:00 a.m. EST.
It comes amid FUD (fear, uncertainty, and doubt) in the DADDY market, following allegations of insider trading by crypto analytics platform Bubblemaps.
It said insiders acquired about 30% of the token’s supply at launch before Andrew Tate began hyping it on X. Bubblemaps said the insiders hold over $45 million in 11 wallets.
Meme coin $DADDY reached a market cap of $340 million. This achievement aligns with Andrew Tate's initial goal flipping #IggyAzalea ‘s $MOTHER token @Cobratate 💪🏼 pic.twitter.com/tzI5O8G8rA
— CRYPTO NEWS (@CryptoNewsXBT) June 13, 2024
Reports indicate that Andrew Tate has burned 40% of DADDY tokens worth $110,597,600.
Andrew Tate Has Officially Burned $110,597,600 Worth Of $DADDY,
40% of the total supply.
This is what it actually means to be BUILT DIFFERENT.$DADDY to 1 Billion. pic.twitter.com/funZRpA9Sn
— The Real World (@AccessTRW) June 13, 2024
Based on demand versus supply dynamics, token burning is considered a bullish catalyst as it reduces supply. While the token burning may have been an attempt to propel the Daddy Tate price higher, investors seem to have pulled back after the insider trading allegations.
Daddy Tate Price Prediction
The Daddy Tate price is trading with a bullish bias on the four-hour timeframe despite the 20% drop on the day. It remains within the confines of an ascending parallel channel, which is a bullish technical formation. As long as DADDY remains within this governing pattern, token holders are positioned for more gains.
Based on the Relative Strength Index (RSI) outlook, the bulls have control of the DADDY market as the momentum indicator holds above 50. The Moving Average Convergence Divergence (MACD) is also still in positive territory, tilting the odds further in favor of the upside.
With increased buyer momentum, the Daddy Tate price could overcome immediate resistance due to the centerline of the ascending parallel channel. Further, north, the bulls hauling the DADDY token above the $0.3444 roadblock would encourage more buy orders. In a highly bullish case, overcoming the equal highs of $0.4156 would set the pace for a continuation north, paving the way for the controversial token to record a new peak.
GeckoTerminal: DADDY/USD 4-hour chart
However, if the $0.2101 support gives way, the Daddy Tate price could roll over south. The cliff below the lower boundary of the channel could see the DADDY token wipe out the gains made since its debut.
Meanwhile, investors are turning to WienerAI (WAI), an AI meme Coin rival to DADDY that raised $2 million in its presale in less than two weeks just recently.
YouTube channel Cryptonews says WAI is the best AI project in the market right now.
Promising Alternative To Daddy Tate
WAI is the token that powers the WienerAI ecosystem. It is a hybrid token leveraging its AI capabilities to replicate the success seen in other canine meme coins such as DOGE and SHIB.
More Wieners every day – Our WienerAI family is growing fast! 🐾
More holders = More excitement for our launch!
Ready to join the pack? 🌭🚀 pic.twitter.com/TPFpsjLGFX
— WienerAI (@WienerDogAI) June 13, 2024
With this resolve, WienerAI brings a unique mix of animal memes, advanced AI technology, and some processed meat humor. This has enabled a huge following, sending the presale past the $5.66 million mark in funds raised.
We are forming an unstoppable Army of Sausages!! 🌭🌭🌭
An incredible $5.5M raised in mere days and no sign of slowing down 😮💨 pic.twitter.com/q2R7xqLE02
— WienerAI (@WienerDogAI) June 12, 2024
To improve its utility, the WienerAI project has integrated trading bot capabilities on its platform. This function delivers user-friendly AI-enhanced trading, seamless swap functionality, and zero fees.
More than just a bot–WienerAI is your ultimate crypto trading companion.
We're delighted to share some sneak peeks with our incredible and supportive community. (1/4) pic.twitter.com/kR8ypeJycj
— WienerAI (@WienerDogAI) June 11, 2024
WienerAI boasts carefully designed tokenomics aimed at fostering long-term sustainability and growth. The team has already set aside 20% of tokens for staking rewards, where users can stake $WAI for an impressive 198% annual percentage yield (APY).
How staking your $WAI feels.https://t.co/g0LrikQz90 pic.twitter.com/3VneRo9wTq
— WienerAI (@WienerDogAI) May 9, 2024
Each WAI token is currently selling for only $0.000718, a price tag that will only be on the shelves for about another 32 hours before an increase.
Act soon if you are interested before that price hike strikes. You can use ETH, USDT, or your bankcard to make the purchase.
Visit and buy WienerAI tokens here.
Also Read:
- What Sets WienerAI Apart from Floki Inu? A Deep Dive into Meme Coin Differences
- WienerAI Brings Novel Twist to Crowded Meme Coin Sector With Hotdog-Canine-AI Hybrid
- WienerAI Price Prediction – $WAI Price Potential in 2024 and Beyond
- Are Crypto Presales Worth It? The Pros and Cons You Need to Know!
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- SolidProof Audited - playdoge.io
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