Altcoin
Andrew Tate Spotlights DADDY Listing On CoinMarketCap Amid $110M Token Burn
Former kickboxer Andrew Tate has again drawn attention to Daddy Tate (DADDY), a Solana meme coin, following its listing on CoinMarketCap. Moreover, the internet personality has continued to rally efforts for the DADDY coin’s promotion. Furthermore, the infamous internet celebrity also initiated a gigantic $110 million burn for the DADDY crypto.
Andrew Tate & His DADDY Meme Coin Saga
In a tweet, Andrew Tate announced, “$DADDY is live on [CoinMarketCap].” This follows a major burn of DADDY coins, valued at $110.59 million, which saw 400 million tokens removed from circulation. Moreover, Tate had conducted a stream X space to express his joy after burning the massive meme coin reserve.
Tate, who has a massive social media following, has been vocal about his involvement with the DADDY coin. He has stated his intent to impact the Solana network significantly. His Solana wallet includes various meme coins, many inspired by him, with DADDY being the most notable.
In addition, the DADDY coin’s market cap surged to $300 million following the burn, an impressive feat for a newly launched meme coin. As of writing, the DADDY coin price soared 14.11% to $0.2704 on Friday, June 14, according to CoinMarketCap data.
Tate has a history of similar activities in the crypto space. He previously burned 567 million tokens of Top G (TOP G), another Solana meme coin. This burn led to a 200% rally in the coin’s price, although it later plummeted. Hence, netizens have cautioned that DADDY coin might follow a similar trend.
Also Read: Memecoins Making Waves With Potential Gains of Up to 170%
Insider Trading Allegations
The recent surge in Daddy Tate’s price has not come without controversy. Bubblemaps, a blockchain analytics avenue, has raised concerns of insider trading within the DADDY meme coin project. In a detailed thread on June 12, Bubblemaps claimed that at the launch, insiders acquired 30% of the token supply. This amounted to over $45 million spread across 21 wallets.
Further on-chain data from Bubblemaps revealed suspicious activities on June 9. Just before the official announcement of the DADDY coin, 11 wallets funded through Binance bought 20% of the DADDY supply. These wallets now hold about 19% of the total supply, valued at $30 million.
Bubblemaps noted, “Since they are funded through Binance, we can’t 100% confirm they belong to the same group. However, the timing and amounts strongly suggest they do.” Additionally, Bubblemaps uncovered two more clusters connected through a specific wallet.
These clusters acquired 10% of the DADDY supply, equivalent to $16 million, before Tate’s promotional activities. The firm warned that any sales from these wallets and Tate’s unburned tokens at the time, which account for 40% of the total supply, could affect the coin’s liquidity.
In response to these allegations, Tate remained defiant. He asserted, “I will never sell what was sent to my wallet, I will only burn and buy. Forever. Diamond hands.” This statement aims to reassure the market of his commitment to holding onto the tokens.
The DADDY coin’s rapid market cap growth and the substantial token burn are noteworthy events. However, the allegations of insider trading and the potential impact on liquidity remain critical issues to watch. Moreover, Tate’s involvement in the DADDY coin project highlights the influence of high-profile individuals in the volatile crypto market.
Also Read: 3 Cat-Themed Meme Coins To Sell Amid Red-Zone
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The leading crypto exchange Binance rattled traders and investors with its latest update to delist four token pairs shortly ahead. The exchange revealed in an official announcement this Wednesday that certain GALA, PERP, and USDT pairs will be delisted soon. In response, market participants anticipate price volatility in these assets, given that a top crypto exchange discontinues support.
Binance To Delist These 4 Crypto Pairs Soon
According to the crypto exchange’s official announcement on March 26, 4 spot trading pairs will be delisted before the month ends. Notably, GALA/BNB and PERP/BTC trading pairs are set to be delisted from the platform on March 28 at 03:00 UTC.
Also, the top crypto exchange revealed that USDT/CZK and USDT/RON trading pairs will be delisted on March 31 at 23:59 UTC. “CZK and RON are fiat currencies and do not represent any other crypto tokens,” the announcement clarified.
Why Is Binance Delisting These Trading Pairs?
As per the announcement, the delisting chronicle comes primarily to protect the platform’s colossal user base from market risks and ensure a high-quality trading experience. Following a thorough and periodic review of all assets, the exchange forges ahead with these delistings due to factors such as poor liquidity, trading volume, and regulatory compliance.
What’s More?
Furthermore, Binance revealed that ‘Spot Trading Bots’ services for the abovementioned pairs will also be terminated on the same date and time. Users are strongly advised to shut spot trading bot orders for these assets before the delisting begins.
Are Prices At Risk?
Historically, delisting on top crypto exchanges reflects a bearish market sentiment, given that the assets remain poised to witness reduced market interaction. As a result, traders and investors anticipate diminished returns ahead.
As of press time, GALA price jumped over 4% despite its delisting announcement, reaching $0.01899. The coin bottomed and peaked at $0.01825 and $0.01898 in the past 24 hours.
Perpetual Protocol (PERP) price saw a marginal 0.5% uptick in value and exchanged hands at $0.3939. Its intraday low and high were $0.387 and $0.3963, respectively. Although the coins are currently witnessing an uptick, market sentiments about future prospects remain unsure due to the Binance delisting announcement.
In another similar saga, CoinGape reported that the same exchange delisted the cryptos AERGO, AirSwap (AST), BurgerCities (BURGER), Combo (COMBO), and Linear Finance (LINA). In turn, broader sentiments about these assets’ prices also took a bearish shift amid discontinued support on a top CEX.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
As Ripple resolves uncertainty surrounding the XRP lawsuit settlement, speculation grows about its highly anticipated Initial Public Offering (IPO). Although the platform has not announced a specific timeline for the Ripple IPO, expert predictions suggest it may happen within the next 12 to 18 months.
Let’s explore expert predictions over the possible dates and impacts of Ripple’s public offering over the broader crypto market.
When To Expect Ripple IPO?
With Ripple dropping its cross-appeal against the Securities and Exchange Commission, the XRP lawsuit takes a significant turn. This major development has sparked increased speculations about the Ripple IPO.
During an interview with Bloomberg, Ripple CEO Brad Garlinghouse remained vocal about the platform’s long awaited public offering. He posited, “The IPO is a natural step for Ripple to diversify and secure its future in the global market.” Shedding light on the capital, Garlinghouse stated that a portion of the amount raised could be used for further developments within the Ripple ecosystem.
As Garlinghouse and Ripple remain silent about the exact date for the IPO, experts predict that the event could be possible within the next 18 months. In addition, there is a growing speculation that the platform will launch the IPO by the year end.
Isn’t IPO a Priority for Ripple?
Ripple’s CEO has downplayed the significance of an IPO for the company at present, despite growing anticipation. He stated,
I think that’s available and the company is at a stage where we can consider that. That being said, it isn’t a huge priority… We are more proactive in looking at acquisitions.
However, the public offering provides a strategic chance to strengthen Ripple’s presence among institutional investors, potentially unlocking funds that were previously withheld due to ongoing legal uncertainties. As the current regulatory environment in the US remains favorable, the platform is expected to utilize the opportunity well.
IPO To Impact XRP Price
Ripple proponent XRP Chancellor shared an enthusiastic and optimistic post, commenting on the potential impact of the imminent Ripple IPO. According to the expert, the IPO will drive up XRP’s value.
Analysts like Egrag Crypto and Ali Martinez have provided bullish predictions on the XRP price post IPO announcement. According to Egrag, XRP is poised to reach $10, whereas Ali forecasted its hike to $15.
Recently, All Things XRP, a prominent figure, shed light on the possibility of an IPO following the XRP lawsuit resolution.
How Will Ripple IPO Impact Broader Market?
Notably, the IPO is expected to have a significant impact on XRP. The IPO could spark increased institutional interest and a positive market sentiment. In addition, the IPO could bolster the platform’s legitimacy.
Meanwhile, the public offering could also influence the broader crypto market. The IPO could lead to increased mainstream acceptance of cryptocurrencies and blockchain technology. Ripple’s IPO could have a ripple effect on the cryptocurrency market, potentially boosting prices of other digital currencies as new investors enter the space. It could also lead to new partnerships and collaborations in financial and technological sectors.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Grayscale Research has released its updated Top 20 list of digital assets, identifying key cryptocurrencies with strong potential for the coming quarter.
The firm updates this curated selection quarterly, reflecting its analysis of network adoption, market trends, and fundamental sustainability.
Grayscale Adds 3 Altcoins to Investment Consideration List
The latest update introduces three new assets—Maple (SYRUP), Geodnet (GEOD), and Story Protocol (IP). This suggests an inclination toward real-world applications in decentralized finance (DeFi), decentralized physical infrastructure networks (DePIN), and intellectual property (IP) tokenization.
Grayscale organizes the digital asset market into five distinct crypto sectors: currencies, smart contract platforms, financials, consumer & culture, and utilities & services. This framework allows the firm to track industry trends and assess high-growth opportunities within each category.
With the latest rebalancing, the crypto sectors now encompass 227 distinct assets with a total market capitalization of $2.6 trillion, covering the vast majority of the global crypto market.
Maple Finance (SYRUP)
Maple Finance (SYRUP) is a leading DeFi protocol specializing in institutional lending. The project operates through two core platforms: Maple Institutional, designed for accredited investors, and Syrup.fi, which serves DeFi-native users.
Over the past year, Maple Finance has grown significantly, reaching $600 million in Total Value Locked (TVL) and $20 million in annualized network fee revenue. The project aims to scale Syrup.fi to $2 billion in TVL by integrating with other DeFi protocols, including Pendle (PENDLE).
Geodnet (GEOD)
Meanwhile, Geodnet (GEOD) has emerged as a leader in the DePIN space. As the world’s largest real-time kinematic positioning provider, the network offers geospatial data with centimeter-level accuracy. It serves industries such as agriculture, robotics, and autonomous vehicles.
The network has expanded to include more than 14,000 active devices across 130 countries and has seen its revenue grow substantially. Annualized network fees increased by 500% year-over-year (YoY) to $3 million.
Geodnet’s decentralized approach presents a cost-effective alternative to centralized GPS solutions, positioning it as a critical infrastructure provider in the blockchain space.
Story Protocol (IP)
Story Protocol (IP) is tackling the growing intellectual property space by bringing IP rights onto the blockchain. With AI-generated content sparking copyright disputes, Story Protocol offers a way for companies and creators to monetize their intellectual property. At the same time, it enables investors to trade and earn royalties.
The project has already onboarded high-profile assets, including music rights for Justin Bieber, BTS, Maroon 5, and Katy Perry. It also launched its dedicated IP-focused blockchain and token in February 2025.
Grayscale Removes 3 Altcoins From its List of Investible Products
The latest update also includes the removal of three assets from the Top 20 list, comprising Akash Network (AKT), Arweave (AR), and Jupiter (JUP).
“Grayscale Research continues to see value in each of these projects, and they remain important elements of the crypto ecosystem. However, we believe the revised Top 20 list may offer more compelling risk-adjusted returns for the coming quarter,” the firm explained.
Beyond these new additions, Grayscale continues to highlight key investment themes. These include Ethereum scaling solutions, AI-integrated blockchain development, and DeFi and staking innovations. The continued inclusion of assets like Optimism (OP), Bittensor (TAO), and Lido DAO (LDO) reflects the firm’s focus on these high-growth areas.
Meanwhile, the latest Top 20 update follows Grayscale’s broader expansion into evaluating additional digital assets. In January 2025, the firm revealed nearly 40 altcoins under investment consideration. Similarly, Grayscale announced a list of 35 assets for potential inclusion in investment products in October.
Disclaimer
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