Andrew Tate’s Cryptocurrency Meme DADDY Defies Market, Surges 40%

In a largely bear market with Bitcoin nearing $60,000 and down 3%, Andrew Tate-related meme coin DADDY has shown remarkable resilience, recording a 40% surge in the past 24 hours. DADDY’s market cap briefly topped $100 million, cementing its position as one of the day’s best-performing assets.

At the time of publication, the price of DADDY is quoted at $0.1657 with a 30% increase in the last 24 hours.

DADDY’s rise was fueled by the release of a video in which Andrew Tate invited holders of the coin to enroll in his “university” called The Real World. Tate set a 72-hour deadline to accumulate DADDY, promising a major announcement that would revitalize the cryptocurrency industry. “You will understand that we will build a space based on honor, hard work, and diligence, rather than simply being first, lucky, pulling the rug, or being a sneaky anonymous person,” Tate said.

Additionally, The Real World reported that Tate would go live to showcase an “unfair” advantage exclusively for his students. “What do we mean by ‘unfair’? Well, DADDY, being up 40% in the last 24 hours while the entire market is down is the perfect example,” Tate’s team explained.

Andrew Tate’s URGENT message to $DADDY holders and TRW students🚨 pic.twitter.com/hlVsEOynTZ

— The Real World (@trwportalx) July 2, 2024

From a technical perspective, DADDY exhibits a Volatility Contraction Pattern (VCP), a bullish signal that suggests decreasing volatility and tighter price consolidations, often preceding a significant breakout.

Investors should be aware of the risks associated with trading celebrity meme coins, given their history of pump and dump movements that can result in significant losses. Additionally, there are concerns that insiders holding large amounts of Andrew Tate’s DADDY meme coin could trigger a drastic devaluation if they decide to liquidate their positions.

Disclaimer:

The views and opinions expressed by the author, or any person mentioned in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.