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Andrew Tate Effect: Crypto Insider Turns $1,950 into $5.6 Million


by CoinEdition
Andrew Tate Effect: Crypto Insider Turns $1,950 into $5.6 Million
  • An insider turned a $1,950 investment into $5.6 million by strategically trading DADDY tokens post-Andrew Tate’s promotion.
  • Andrew Tate’s promotion increased visibility and trading activity, impacting DADDY’s token value.
  • Burning $150M worth of DADDY tokens, accounting for 40% of the supply, has influenced the token’s market dynamics.

An insider reaped a $5.6 million windfall from strategic trading of DADDY tokens, a cryptocurrency recently promoted by former kickboxer Andrew Tate. Blockchain analytics firm Lookonchain revealed the well-timed transactions, highlighting the potential for significant profits in the volatile crypto market.

According to Lookonchain, the address initially purchased 29.8 million DADDY tokens for 13.2 SOL, equivalent to $1,950, across three wallets. This transaction occurred before former kickboxer Andrew Tate published promotional content about the token.

Eighteen hours later, this insider transferred a large portion of these tokens to new wallets and commenced selling. In total, 15.14 million DADDY tokens were sold for 11,752 SOL, which amounts to $1.74 million. This sale alone resulted in an astounding gain, considering the in…

The post Andrew Tate Effect: Crypto Insider Turns $1,950 into $5.6 Million appeared first on Coin Edition.

Read the article at CoinEdition

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Andrew Tate Effect: Crypto Insider Turns $1,950 into $5.6 Million


by CoinEdition
Andrew Tate Effect: Crypto Insider Turns $1,950 into $5.6 Million
  • An insider turned a $1,950 investment into $5.6 million by strategically trading DADDY tokens post-Andrew Tate’s promotion.
  • Andrew Tate’s promotion increased visibility and trading activity, impacting DADDY’s token value.
  • Burning $150M worth of DADDY tokens, accounting for 40% of the supply, has influenced the token’s market dynamics.

An insider reaped a $5.6 million windfall from strategic trading of DADDY tokens, a cryptocurrency recently promoted by former kickboxer Andrew Tate. Blockchain analytics firm Lookonchain revealed the well-timed transactions, highlighting the potential for significant profits in the volatile crypto market.

According to Lookonchain, the address initially purchased 29.8 million DADDY tokens for 13.2 SOL, equivalent to $1,950, across three wallets. This transaction occurred before former kickboxer Andrew Tate published promotional content about the token.

Eighteen hours later, this insider transferred a large portion of these tokens to new wallets and commenced selling. In total, 15.14 million DADDY tokens were sold for 11,752 SOL, which amounts to $1.74 million. This sale alone resulted in an astounding gain, considering the in…

The post Andrew Tate Effect: Crypto Insider Turns $1,950 into $5.6 Million appeared first on Coin Edition.

Read the article at CoinEdition

Read More

SOL Surges 8%, With Its CME Futures Volume Hitting an All-Time High

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SOL rallied above $145 with strong intraday volume after CME futures hit an all-time ...
Ether, Solana, Cardano Spike 7% as Trump Claims to Broker Israel-Iran Ceasefire

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