The post Andrew Tate’s DADDY token crashes following the Online University hack appeared on BitcoinEthereumNews.com.

The meme token launched by Andrew Tate had a pump followed by a fast crash. The token was also affected by the news of the recent email hack of Tate’s Online University.  Andrew Tate attempted to save his DADDY meme token, by injecting more SOL to pump the price. Unfortunately, DADDY was weighed down by the news of the hacked Online University. The token slid from a peak of $0.14 to $0.08, following a short-term pump.  Andrew Tate’s DADDY token pumped as high as $0.14, before crashing back to $0.08 as the 400SOL buy order was not sustainable. | Source: Dexscreener The DADDY token is no stranger to volatility, with smaller pumps happening every few days, followed by additional slides. The DADDY token returned to its baseline level, with a market capitalization of just $52M. The DADDY token, once a staple of the meme space, lags behind other trending assets with more active communities.  The most recent pump was a self-admitted deliberate move on the side of Tate. The token’s creator, who at one point held up to 40% of the supply, injected another 400 SOL in buy orders. That inflow was not enough to keep DADDY afloat for long, due to the token’s volatile performance. DADDY remains one of the last celebrity tokens to be actively promoted. DADDY has since been displaced by other types of memes, including cults, PolitiFi tokens, and AI tokens. Tate, however, has claimed he would support the token and continue to shill and pump the price. The end goal is a $1B valuation, a feat achieved by only up to a dozen memes, and only during market rallies. In the past few months, Tate also joined as a meme token influencer, endorsing a small selection of assets. Most of those tokens remained volatile and…

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Filed under: News - @ November 22, 2024 3:27 pm