Insider Profits Soar: DADDY Insider Rakes in $5.6 Million from Token Dealings

IconCryptoNewsTerminal Staff14 Jun, 2024

cryptonews.jpg

Insider Profits Soar: DADDY Insider Rakes in $5.6 Million from Token Dealings

It's raining profits for an insider with connections to the DADDY token. A recent analysis by Lookonchain, an on-chain data analytics provider, has revealed a staggering 2,875x return on investment for an address linked to the project's inner circle. Before the DADDY token's promotion by former kickboxer Andrew Tate, this address made a strategic move. With a modest investment of just $1,950, the address acquired 29.8 million DADDY tokens. In a well-timed transaction 18 hours later, the insider transferred the DADDY tokens to a new address. The subsequent sale of 15.14 million DADDY tokens netted an impressive 11,752 SOL, equivalent to $1.74 million. Subtracting the initial investment of $1,950, the insider walked away with a colossal profit of $5.6 million—a testament to their foresight and understanding of the market. The DADDY token has garnered significant attention thanks to its association with Tate, making it a lucrative investment for those in the know.

Related News