Insider Trading Revealed: He Made Millions of Dollars of Profit with Chest Coin!

The meme coin craze has become much more dramatic with the arrival of Daddy Tate (DADDY). Introduced by controversial figure and former kickboxer Andrew Tate, this Solana-based token quickly caught the attention of investors. But is it all sunshine and rainbows, or is there a storm brewing behind the scenes? On-chain analytics platform Lookonchain has caught some clues about what’s really going on at DADDY.

What really happened with the meme coin DADDY? Insider trading?

cryptokoin.com As you follow from , controversial phenomenon Andrew Tate recently started promoting Daddy Tate. Despite the hype around DADDY, it has recently revealed significant benefits for early investors amid insider trading rumors. Blockchain analysis firm Lookonchain reported that DADDY tokens were traded significantly via insider trading. An insider sold 15.14 million DADDY tokens for 11,752 SOL, or $1.74 million. Initially, purchasing these tokens cost less than $2,000. Therefore, this brought a huge profit.

Strategic moves of inside trader!

The trader started by receiving 29.8 million DADDYs for 13.2 SOL (about $1,950) in three different wallets. Before DaddyTateCTO officially introduced the token, the trader sold a small portion of his holdings. He transferred many of the remaining tokens through multiple addresses. Eventually, these tokens ended up in the “DpL2Tm” wallet.

Just 18 hours ago the trader largely moved DADDY to new wallets and started selling. In total, the trader sold 15.14 million DADDYs for 11,752 SOL ($1.74 million). In contrast, the insider currently holds 14.7 million DADDY tokens, worth $2.8 million. This series of processes resulted in a total profit of $5.6 million. This means an impressive return of 2,875 times the initial investment.

The control power of the inside trader!

In another striking revelation, on-chain analytics platform Bubblemaps reported that these traders now control a significant portion of the chest coin’s circulating supply. He also stated that it is worth over $45 million from a total of 1,000,000 tokens.

At launch, the chest coin’s distributor address sent 40% of the supply to Andrew Tate. Tate positions DADDY as a cultural revolution with the aim of reaching a market value of $1 billion. When DADDY’s market capitalization reached a point where its 40% share was worth $100 million, it promised to publicly burn all its tokens.

What’s next for the meme coin?

DADDY, the Solana-based chest coin, reached a market cap of $300 million at one point. The token was trading at $0.2723 at the time of writing. This represents a 15% increase in just one day. As the chest coin craze continues, the future of DADDY remains a subject of heavy speculation and interest among crypto enthusiasts.