The rise of meme coins on the Solana network has been making waves in the cryptocurrency world, with ex-professional kick boxer Andrew Tate at the forefront of this trend. Recently, Daddy Tate (DADDY), the meme coin announced by Tate, saw a staggering increase in market capitalization to $300 million, with a price of $0.30 per coin. This represents a 218% increase within just one day, according to DEX Screener.
Tate’s involvement in the meme coin market has had a significant impact, with other coins such as Real Nigger Tate (RNT), TOPG, G, GRETA, WARROOM, EMORY, FTRISTAN, and RBASE also gaining popularity and market capitalization. The price of TOPG even rose by 40% following Andrew Tate’s burning of tokens worth approximately ten million dollars.
In a recent livestream on Rumble, Tate explained his decision to hold onto 40% of the $DADDY tokens transferred to him, stating that he believes in the potential for the coin to reach a $1 billion market cap. With more wallets connected to the set containing significant portions of the token supply, Tate’s influence in the meme coin market is undeniable.
However, investors are advised to exercise caution and conduct thorough research before investing in meme coins like TOPG, as the market can be volatile and subject to manipulation by well-known individuals like Andrew Tate. Despite the potential for high returns, there is also a higher level of risk involved in these investments.
