Andrew Tate, the founder of the DADDY meme coin, has challenged Iggy Azalea’s mother in a coin flipping contest, as reported by DEX Screener. Tate had been promoting the DADDY token with the goal of flipping the MOTHER token created by Iggy Azalea.
Tate, a former kickboxer, took to Twitter to express his support for the $DADDY coin, stating his intention to flip it for the patriarchy. He also made controversial remarks about gender roles in his tweets. Despite claiming that he would never sell his holdings, he stated that he would burn 40% of the token supply he holds.
The DADDY token surpassed the $200 million market cap, overtaking the MOTHER token, which had a market cap of $192 million. However, Azalea’s MOTHER token saw a resurgence in its market cap, reaching $212 million after the artist’s visit to the New York Stock Exchange and a feature in Forbes.
Despite this, the DADDY token continued to rise, surpassing MOTHER’s previous all-time high market cap of $240 million and reaching a peak of $340 million. Meanwhile, MOTHER’s market cap dropped below $200 million, while DADDY’s market cap currently stands at $256 million.
Tate, who is facing legal issues in Romania related to human trafficking and rape charges, celebrated the success of the DADDY token on Twitter. There have been claims of insider buying surrounding both the DADDY and MOTHER tokens, with allegations that insiders purchased a significant portion of the token supplies.
The ongoing legal troubles faced by Tate have not deterred his involvement in the crypto market, as he continues to promote the DADDY token. The competition between DADDY and MOTHER tokens reflects a larger trend in the influencer-driven cryptocurrency space.
As the market cap of the DADDY token continues to rise, it remains to be seen how the contest between Andrew Tate and Iggy Azalea’s mother will unfold. The outcome of this coin flipping contest may have implications for the future of influencer-backed tokens in the cryptocurrency market.
In the midst of these developments, it is important to consider the broader implications of influencer involvement in the crypto space and the potential risks associated with such investments. As the market cap of the DADDY token fluctuates, investors and observers alike will be watching closely to see how this competition plays out.