Editing Daddy Tate

**Daddy Tate** (ticker **DADDY**) is a [[Solana]] memecoin launched on 9 June 2024 and promoted by influencer Andrew Tate, whose wallet received 40% of supply from the deployer. It passed $300 million in market cap within days, amid [[Bubblemaps]] claims that insiders bought about 30% of supply before Tate's first post.[^1][^2][^3]

## Lore
Tate first referred to the token on 11 June 2024 and began promoting it actively early on 12 June. He said he chose DADDY as a rival to [[Mother Iggy|MOTHER]], the token of rapper [[Iggy Azalea]], to "flip it for the patriarchy".[^1] DADDY passed $275 million on 12 June and reached $300 million at $0.30 on 13 June, when MOTHER had fallen from a $267.58 million peak on 6 June to about $153 million.[^1][^2] It was one of several [[Celebrity memecoins|celebrity memecoins]] of mid-2024; most of those launched in May were down about 90% from their highs by then.[^3]

## Timeline
- 2024-06-09: launch; deployer sends 40% of supply to Tate's wallet at 21:24 UTC[^3]
- 2024-06-11: Tate's first post about the token[^2]
- 2024-06-12: Bubblemaps publishes insider-buying claims; market cap above $275 million[^1][^2]
- 2024-06-13: market cap about $300 million, passing MOTHER[^2]

## Key wallets
- Andrew Tate: received 40% of supply from the deployer at launch. As of 13 June 2024 his wallets had not sold, and he had bought and burned about $10,000 of tokens.[^1][^3]
- Early buyers: Bubblemaps said 11 wallets funded through Binance in nearly identical amounts bought about 20% of supply on 9 June, before Tate's first post, and that further linked clusters held about 10%.[^2][^3]

## Controversies
Bubblemaps alleged that insiders bought about 30% of supply at launch. It could not confirm that the 11 wallets belonged to one group but said the timing and amounts strongly suggested so, and warned that a single wallet selling could crash liquidity.[^2] CoinDesk noted that pools held just over $2.4 million in liquidity, so early buyers could not sell full positions at quoted prices.[^3] Tate said: "I will never sell what was sent to my wallet, I will only burn and buy."[^1]

## See also
- [[YZY]]
- [[Broccoli]]
- [[Haliey Welch]]
- [[Hawk Tuah]]
- [[Jailstool]]
- [[Kekius Maximus]]
- [[Vine]]
- [[Luce]]

## References
1. [Andrew Tate-Backed Solana Token DADDY Up 450% Amid Insider Buying Claims](https://decrypt.co/235020/andrew-tate-solana-token-daddy-450-insider-buying), Decrypt, 2024-06-12
2. [Andrew Tate token surpasses MOTHER amid claims of insider activity](https://cointelegraph.com/news/andrew-tate-daddy-memecoin-allegations-insider-activity), Cointelegraph, 2024-06-13
3. [Early Buyers of Andrew Tate's DADDY Meme Coin Apparently Sitting on $45M in Unrealized Value](https://www.coindesk.com/markets/2024/06/13/early-buyers-of-andrew-tates-daddy-meme-coin-apparently-sitting-on-45m-in-unrealized-value), CoinDesk, 2024-06-13
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