Blockchain analytics platform Bubblemaps has accused significant insider trading activities in recent memecoin projects endorsed by Andrew Tate and Iggy Azalea. Despite evidence of wallets purchasing substantial amounts of tokens before and during their launches, there is no direct proof linking them to Tate or Azalea.

These allegations, detailed in tweet threads, have sparked widespread interest in the crypto community. While some criticize the alleged insider trading, others argue that such practices are commonplace in memecoins where fair launches are often questioned.

Regarding Andrew Tate and $DADDY Coin, Bubblemaps claimed on June 12 that insiders acquired 30% of the $DADDY coin supply during its launch, amounting to over $45 million across 21 wallets. A transaction on June 9 transferred 40% of the $DADDY supply to Tate’s wallet just before he began promoting the coin. Tate publicly committed to holding these tokens and not selling them.

However, on-chain data indicates that several wallets bought approximately 20% of the supply before the coin's official announcement. According to Bubblemaps, 11 wallets funded through Binance purchased 20% of $DADDY on June 9th, prior to Tate’s initial tweet, collectively holding tokens valued at $30 million. The firm suggested these wallets may be linked due to their timing and funding patterns, although definitive confirmation is challenging.

Additionally, two other clusters linked through a specific wallet bought 10% of the supply before Tate's promotion, currently holding tokens worth $16 million.

Bubblemaps also alleged insider trading in $MOTHER coin, promoted by Iggy Azalea. The firm claimed insiders bought 20% of the $MOTHER supply at launch and subsequently sold tokens worth $2 million. Transactions traced by Bubblemaps indicated profit-taking activities totaling $800,000 through successive wallet transfers.

It's crucial to note that while suspicious transactional patterns are observed, there is no conclusive evidence directly tying these wallets to Tate, Azalea, or their associates. These allegations are based on observed transactional behaviors rather than verified identities.

Both Tate and Azalea have responded to these allegations on social media, with Tate affirming his intention to hold and potentially burn the tokens received in his wallet.