For a while, former kickboxer and social media influencer Andrew Tate has been closely selling the meme coin Daddy Tate (DADDY).
At varied factors in latest months, the marketing campaign has been marked with famous success because the cryptocurrency achieved varied milestones – resembling hitting a market capitalization of $120 million in July – and skilled main rallies – such because the 30-day 100% surge by mid-October.
Nevertheless, the state of affairs shifted quickly for the more severe on October 19 when the favored digital detective and Youtuber Stephen Findeisen, higher often known as Coffeezilla – well-known for, for instance, accusing Sam Bankman-Fried of working a Ponzi Scheme weeks earlier than the ‘crypto winter’ began and 6 months earlier than FTX collapsed – revealed a video accusing Andrew Tate of being a scammer and a grifter.
Particularly, DADDY is down 38.45% within the final 30 days, 23.47% within the purple within the final week of buying and selling, and has collapsed simply over 43% since Coffeezilla’s video went reside to its press time worth of $0.08271.
Coffeezilla accuses Andrew Tate of scamming his viewers
Coffeezilla examined the influencer’s apparently perpetually shifting attitudes towards varied matters resembling pornography – Tate is vocally towards it regardless of as soon as working a webcam intercourse enterprise – and cryptocurrency – the previous kickboxer used to explain the asset class as a serious rip-off and pledged to not be concerned with it.
The YouTuber even accused Andrew Tate of working his major enterprise as a pyramid scheme or, on the very least, as a multi-level advertising and marketing (MLM) operation, notably after cryptocurrencies bought concerned.
Actually, one of many promoting factors for subscribing and staying subscribed to ‘The Actual World’ – as soon as often known as the Hustler’s College – is that customers can acquire ‘energy ranges’ and in the end obtain digital asset payouts, per Coffeezilla.
Andrew Tate fires again towards Coffeezilla
The digital detective additionally revealed that Tate urged his followers to go on an electronic mail offensive and name the YouTuber ‘homosexual’ in alternate for some promised rewards.
Coffeezilla even shared one of many emails wherein the Andrew Tate follower apologizes however says they’re closely invested in DADDY and the previous kickboxer to pump the meme coin additional.
Lastly, the YouTuber implies that the belligerent influencer’s transfer into crypto could have one thing to do with the probably monetary strain stemming from the protracted authorized battle with the Romanian authorities over alleged human trafficking.
Coffeezilla additionally factors out that Andrew Tate has promoted a number of cryptocurrencies, all of which declined closely after the promotional interval ended. Such circumstances point out that most of the former kickboxer’s followers had been left ‘holding the bag.’
Featured picture:
LCV. Andrew Tate and his brother Tristan Tate, surrounded by bodyguards, go away the Bucharest Court docket. Digital picture. Bucharest, Romania. twenty first June, 2023. Shutterstock, August 12, 2023. Date retrieved: November 4, 2024.
