Andrew Tate, a well-known internet personality, has once again drawn attention to his involvement with the DADDY meme coin, a Solana-based cryptocurrency. Following a significant $110 million burn and the listing on CoinMarketCap, Tate has continued to promote the coin on his social media platforms.

Tate's enthusiasm for the DADDY coin is evident in his recent tweet announcing the listing on CoinMarketCap. The burn, which removed 400 million tokens from circulation, has led to a surge in the coin's market cap to $300 million. The DADDY coin price has also seen a significant increase, rising 14.11% to $0.2704 on June 14.

Tate's involvement with the DADDY coin is not new. He has been vocal about his intent to impact the Solana network and has a history of similar activities in the crypto space. His Solana wallet includes various meme coins, many inspired by him, with DADDY being the most notable.

However, the recent surge in the DADDY coin's price has not come without controversy. Bubblemaps, a blockchain analytics platform, has raised concerns of insider trading within the DADDY meme coin project. The firm claims that insiders acquired 30% of the token supply at the launch, amounting to over $45 million spread across 21 wallets. Further on-chain data revealed suspicious activities on June 9, where 11 wallets funded through Binance bought 20% of the DADDY supply.

Tate has remained defiant in response to these allegations, stating that he will never sell the tokens sent to his wallet and will only burn and buy. His commitment to holding onto the tokens aims to reassure the market of his dedication to the project.

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. Tate's involvement in the DADDY coin project highlights the influence of high-profile individuals in the volatile crypto market.