Andrew Tate's crypto token, Daddy Tate (DADDY), has outperformed Iggy Azalea's token despite allegations of significant insider trading. DADDY, based on Solana and sponsored by social media figure Andrew Tate, surged to a market value of $300 million, with a price of $0.30 per token as of the latest data from DEX Screener, marking a notable 218% increase from the previous day.

In contrast, Iggy Azalea's token, Mother Iggy (MOTHER), faced challenges. It peaked with a market cap of $267.58 million on June 6 but had dropped to around $153 million recently. The token's price also declined from a high of $0.27 to $0.15, though it still showed a modest 7% increase over the past day.

However, concerns have arisen regarding the success of the DADDY token. Crypto analytics firm Bubblemaps highlighted significant insider activity related to DADDY, noting that insiders acquired 30% of the token supply at launch, prior to Andrew Tate's public endorsements. Further analysis revealed that 11 wallets purchased 20% of the DADDY supply on June 9, just before Tate publicly endorsed the token. These transactions, totaling approximately $61.4 million and executed through Binance, were nearly identical in amount and timing, suggesting coordinated insider involvement.

Bubblemaps cautioned about potential liquidity risks due to the concentrated ownership and warned that about $30 million worth of the token held by wallets connected to the insider group was purchased before Tate's endorsements. Meanwhile, Tate himself holds 40% of the token supply, valued at approximately $122.8 million, which he stated he does not intend to sell, committing instead to 'burn and buy' actions. Similar insider trading allegations were previously directed at Iggy Azalea's MOTHER token by Bubblemaps in May.