Andrew Tate’s crypto down 50% since June inception

The former kickboxing star and social media influencer, Andrew Tate, has been increasingly making a foray into the crypto markets in recent months.

The cryptocurrency offensive has been happening in various tones and covering various aspects of the industry. On the one hand, Tate has seemingly declared war on one of the biggest ecosystems – Solana (SOL) – and pledged to crash it.

On the other hand, he has been positive and even – at least rhetorically – maximalist in other areas, such as with his claim that he is abandoning traditional fiat currencies in favor of Bitcoin (BTC).

Meanwhile the top 10 holders collectively own 145,461,398.91 tokens (24.25%), as per the latest Solscan data.

Andrew Tate goes on a promotional offensive for DADDY

Still, July 17 and 18 have seen Andrew Tate make significant efforts to boost his meme coin. The influencer promised in an X post that if his promotional tweets received 5,000 retweets, he would match the biggest DADDY investment, if it was shared 10,000 times, he would double it, and 20,000 would lead to a gift-wrapped Lamborghini.

At press time, the posts stand at 12,000 retweets.

10k Retweets.

Biggest buy so far is 46k

So 46k x 2.

Get 5000 retweets on this ill add another 46k ontop. https://t.co/Qn4jyTtCEQ

— Andrew Tate (@Cobratate) July 17, 2024

Near the same time, the influencer also published a promotional video of himself and his brother – Tristan – gambling. The video caption made an association with DADDY and made the claim that an activity cannot be called gambling as long as the gambler is winning.

At the time of publication, it remains unclear how wise the tagline is, given Daddy Tate’s performance.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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