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The Daddy Tate price skyrocketed 165% in the past 24 hours to trade for $0.3163 as of 02:22 a.m. EST.
The pump came after controversial social media figure Andrew Tate promoted the DADDY token on X.
It's $Daddy culture now. No more simping. pic.twitter.com/agt2pY6RvS
— Andrew Tate (@Cobratate) June 13, 2024
Tate has been making bullish posts about the Daddy Tate price a lot of late, so much so that it outperformed MOTHER, the meme coin promoted by rapper and song composer Iggy Azalea.
Ive seen daddy beat mommy.
Ive never seen mommy beat $DADDY https://t.co/Ydklsg95EG
— Andrew Tate (@Cobratate) June 11, 2024
This has seen the DADDY token shoot past the $275 million mark on market capitalization metrics.
Still, the pump prompted crypto analytics platform Bubblemap to warn of potential insider trading in the token. It says insiders acquired about 30% of the token’s supply at launch before Tate’s promotion on X, and added that the traders hold over $45 million in 11 wallets.
They all bought DADDY through simultaneous transactions, it said.
#DADDY token surges 450% after andrew tate’s endorsement
Andrew Tate's recent endorsement of a new meme coin caused its value to soar.
The latest token he promoted, DADDY, shot past a $275 million market cap. However, on-chain analysts claim that insider trading played a…
— CoinMinutes (@coinminutesnews) June 13, 2024
Andrew Tate has since blocked Bubblemaps on X.
classic alpha male response https://t.co/KBDr0UmRPJ pic.twitter.com/lj5MGnZJh9
— Bubblemaps (@bubblemaps) June 12, 2024
Daddy Tate Price Prediction
The Daddy Tate price remains northbound despite insider trading claims. The market continues to lean in favor of the upside, with the Relative Strength Index (RSI) showing bullish momentum abounds.
This is seen with its position above the mean level of 50. The Moving Average Convergence Divergence (MACD) is also in positive territory, reinforcing the bullish thesis.
If the bulls are able to hold DADDY within the confines of the ascending parallel channel, the Daddy Tate price could continue recording more gains. This could see the price reclaim the peak of the market range at $0.3768. Such a move would constitute a climb of nearly 30% above current levels.
GeckoTerminal: DADDY/USD 1-hour chart
On the other hand, the RSI is recording lower highs suggesting buyer momentum is fading. Similarly, the MACD has crossed over below the orange band of the signal line, showing the bears are gaining ground.
If the FUD about insider trading inspires investor sentiment and provokes panic selling, the Daddy Tate price could spiral south. Nevertheless, only a candlestick close below the 38.2% Fibonacci retracement level of $0.1507 would invalidate the bullish outlook.
Meanwhile, as DADDY courts controversy, new Solana meme coin Sealana (SEAL) is getting on with the business of raking in money.
SEAL has rocketed past $4 million in funds raised in its ICO and is now offering investors a last chance to buy before it lists on June 25.
YouTuber Crypto Mischief, with 28K subscribers, sees SEAL as a potential new Dogwifhat (WIF), the fourth-ranked meme coin with a market cap of $2.5 billion.
Promising Alternative To Daddy Tate
SEAL powers the Sealana ecosystem. Its character is based on a chubby seal that is fully immersed in the Solana Sea. Once sleek and agile, Sealana is so absorbed in degen trades that he abandons the initial figure of his youth for a diet of chips and tinned tuna.
Ready to $SEAL up like #Sealana? 🦭💥
Now, here's the way y'all do it!
Being Bullish on #Memecoins 💸#Hodling Strong 💪
Driving Lambos 🚗
Fast Food Diet 🍔🍟
Massive Gains 📈
Embracing the Second Amendment 🇺🇸
Sending $SOL 🚀🦭 pic.twitter.com/ozmKVFEggR— Sealana (@Sealana_Token) May 24, 2024
Such a quirky concept and its play on American culture has struck a chord with the crypto community.
The success of previous Solana meme coins like Slothana (SLOTH), which raised $15 million in its presale in just over four weeks, sets a promising precedent for Sealana.
Sleepy Joe's speech 'bout raisin' fuel 🛢️taxes and turning trucks electric ain't go down well at $SEAL Truck Fest! 😡🇺🇸
🦭 Time for #Sealana and his buddies to take matters into their own hands and make sure those god damned liberals stick their hairdryer cars where the sun… pic.twitter.com/0BDlaomsEZ
— Sealana (@Sealana_Token) June 12, 2024
With SEAL set to list on June 25, time is running out to buy its tokens, which will be airdropped to investors after the presale ends.
Buy Sealana here on the official website for $0.022 per token.
Also Read:
- How to Buy Sealana – SEAL Presale Review
- Sealana Price Prediction – SEAL Price Potential in 2024
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- 5 Must-Watch Meme Coins for 10X Potential – Best Cryptocurrencies to Buy Now
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