Key Points
- During a recent livestream, Andrew Tate burned $400 million DADDY tokens.
- Recently, Tate has been showing support for ROOST.
Andrew Tate has recently burned 400 million DADDY meme coins, reducing supply. This move was described by Tate during a livestream as “legendary”.
His recent actions in burning significant amounts of $DADDY cryptocurrency have sent shockwaves through the financial world by reducing token supply.
The token liquidity in the markets is $2.5 million. In a post via X, Tate said that he envisions DADDY reaching a market cap of $1 billion.
$DADDY hasn’t even started yet.
1B.
— Andrew Tate (@Cobratate) June 13, 2024
Currently, the market cap of the token is almost $230 million, according to DEXScreener data.
Tate shared a message via his X account saying that he burned $110 million on June 14 meaning 400 million DADDY tokens.
His followers commented saying that he did not burn dollars, but instead, he burned DADDY tokens.
Cousin, there wasn’t $110,000,000 in liquidity on the token so you didn’t burn 110M.
You burnt 440M DADDY tokens.
Huge difference, I understand the pleb mind can’t comprehend.
— Farokh (@farokh) June 14, 2024
Tate promotes Roost Coin (ROOST)
Recently, Tate also promoted the ROOST token. On June 8, he shared a post via his X account, saying that everyone should remember his promise.
Everyone remember this promise. https://t.co/5Coa7d4vL2
— Andrew Tate (@Cobratate) June 8, 2024
The ROOST token is a project built on the Base ecosystem. The project aims to protect, guide, and develop the Base community, driving the growth of the Base chain and becoming a leading token in the memecoin revolution.
ROOST has recently introduced staking. Yesterday, via a post on X, the team at ROOST wrote that staking is live and users can stake their coins with no lockup period and daily claims.
They also wrote that the first 1,000 wallets that stake with over $100 in ROOST for over a week will get a surprise.
