tl;dr
TL;DR: The meme coin DADDY surged 500% after endorsements from Andrew Tate but faced controversy over insider holdings. MOTHER, backed by Iggy Azalea, rose 700% in 30 days despite criticism from Ethereum co-founder Vitalik Buterin. The cryptocurrency sector has rallied despite recent market correcti...
TL;DR: The meme coin DADDY surged 500% after endorsements from Andrew Tate but faced controversy over insider holdings.
MOTHER, backed by Iggy Azalea, rose 700% in 30 days despite criticism from Ethereum co-founder Vitalik Buterin.
DADDY ON THE MOVE
Despite the recent market correction, the cryptocurrency sector has rallied substantially since the start of the year, with numerous leading assets hitting new all-time highs in the past few months.
The meme coin niche has contributed to the overall frenzy since it is full of tokens that witness double and even triple-digit price increases in a short period of time.
The latest sensation is the Solana-based DADDY. This meme coin saw the light of day earlier in June and initially charted only mild gains. However, its price skyrocketed on June 13 after multiple endorsements from Andrew Tate, a former kickboxer and current online influencer.
DADDY reached an ATH of $0.36 a few hours ago (per DexScreener’s data) before retracing to its current level of approximately $0.25. This still represents a whopping 400% increase on a daily scale.
It is interesting to note that the meme coin became the subject of huge controversy after crypto analytics firm Bubblemaps maintained that insiders purchased 30% of the supply at launch.
HOW’S MOTHER DOING?
This meme coin, announced by the Australian model and rapper Iggy Azalea, is up 700% on a 30-day basis, tapping an ATH of $0.23 on June 6. As of the moment, it hovers around the $0.16 mark, while its market capitalization is around $155 million.
Similar to DADDY, MOTHER caused some people to raise eyebrows. Ethereum’s co-founder Vitalik Buterin was among those criticizing it, saying:
“I’m feeling quite unhappy about “this cycle’s celebrity experimentation” so far. Ashton and Mila’s Stoner Cats was vastly more honorable than anything we’ve seen from this 2024 celebrity meme coin era – at least there was an actual show being funded.”
More about Denali Capital Acquisition Corp. Class A Ordinary Shares
Denali Capital Acquisition Corp. Class A Ordinary Shares
Company: Denali Capital Acquisition Corp.
Headquarters: New York, New York
Industry: Real Estate & Construction, Blank Checks
Stock Symbol: 49773000
Current Price: $43.75
Change: $0.16
Percentage Change: 0%
Volume: 0
Market Cap: 0
Dividend Yield: 0%
Earnings per Share (EPS): None
Price-to-Earnings (P/E) Ratio: 1.051
Beta: 0
More about United States Steel Corporation
United States Steel Corporation Summary United States Steel Corporation
United States Steel Corporation produces and sells tubular and flat rolled steel products primarily in North America and Europe. The company is headquartered in Pittsburgh, Pennsylvania.
Industry: MANUFACTURING
Sector: STEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)
NAICS Code: 8413079000
Current Stock Price: $10.58
Price Change: 0.2
Percentage Change: 3.46%
52-Week Range: $79.23
Dividend Yield: 0.0489
Market Cap: $17,743,000,000
PE Ratio: 38
EPS Growth (ttm): -0.129
Revenue Growth (ttm): -0.069