Andrew Tate, more popular for being a social media celebrity, businessman, retired professional kickboxer, and crypto influencer, disclosed his plan to exchange his brand-new $Daddy coin for an NFT collection.
Andrew Tate expressed his explicit interest in turning his $Daddy coin into an NFT collection in a short video shared on the X platform, previously known as Twitter. He is going to drastically reduce the total supply of $Daddy coins immediately after that; this means every coin will be turned into a digital asset. It will create scarcity after buying back and burning many of these coins, so even one coin will be an absolute badge of honour for that protector.
These NFTs would have real-world applications. Tate has promised that the power level of an individual will rise if he holds these NFTs on his platform. The higher the power level, the more significant the reward that would come out when the actual token launches. A new council will be formed on this platform to help Tate plan future crypto projects. Individuals holding the Daddy NFTs will be allowed to join and contribute to this council.
Ex-professional kickboxer and social media influencer Andrew Tate dropped his $Daddy memecoin last week, and in a few days, the crypto token—powered by Solana—rocketed in sales and valued up to a peak market capitalization of $275 million.
The token launched on June 9, did little until Tate began hyping it. On June 11, he posted the first tweet about $Daddy, along with several others in the following days. This did much to appease the token price, skyrocketing over 450 percent to reach as high as $0.28 in under 24 hours.
Even amidst the heat, Daddy couldn't relieve himself from the unwanted attention. Crypto analytics firm Bubblemaps accused the project of foul play, saying a big portion of the supply was purchased right at launch and more were purchased before Tate's promotion on X. But like clockwork, the controversies only seemed to lend further wind to the $Daddy coin's prominence among traders.
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