$DADDY Token Plummets Over 25% Following Insider’s Massive Sell-Off

The value of the $DADDY token has sharply declined by over 25% in the past hours, driven by significant insider activity.

On-chain reports from Lookonchain revealed that an insider sold 15.14 million $DADDY for 11,752 $SOL, equivalent to $1.74 million, generating an enormous profit given his initial investment was less than $2,000.

Before @DaddyTateCTO published his first post, the insider acquired 29.8 million $DADDY tokens for just 13.2 $SOL ($1,950) through three different wallets.

After purchasing the tokens, he sold a small portion and transferred most of the remaining tokens through multiple addresses. The bulk eventually flowed to the address “DpL2Tm”.

A few hours ago, this insider transferred a substantial amount of $DADDY to new wallets and began selling off the tokens. In total, he sold 15.14 million $DADDY for 11,752 $SOL, translating to $1.74 million. Despite these sales, the insider still holds 14.7 million $DADDY, valued at approximately $2.8 million.

The insider’s total profit from these transactions amounts to a staggering $5.6 million, representing a gain of 2,875 times his initial investment. This massive sell-off has significantly impacted $DADDY’s market value, contributing to the recent sharp decline.

We noticed that an insider sold 15.14M $DADDY for 11,752 $SOL ($1.74M), and his cost was less than $2K, a huge gain!

1/ Let's check it out.