Key Highlights
- Andrew Tate, known for his recent act of burning 400 million DADDY tokens, has been actively endorsing the ROOST token.
Andrew Tate's decision to burn 400 million DADDY meme coins in a livestream was hailed as 'legendary,' marking a strategic move to reduce token circulation.
The burning of a substantial amount of $DADDY crypto sent shockwaves across financial circles, impacting token supply and market dynamics.
With token liquidity currently at $2.5 million, Tate shared his ambitious goal of propelling DADDY to a $1 billion market cap.
At present, DADDY's market cap stands at nearly $230 million as per DEXScreener data.
In a recent update on June 14, Tate announced the burning of $110 million, representing 400 million DADDY tokens.
Tate's followers were quick to point out that the burn was in DADDY tokens, not in dollars.
Advocacy for ROOST Coin (ROOST)
In addition to his actions with DADDY, Tate has been actively advocating for the ROOST token. On June 8, he reminded his audience of a promise made earlier.
ROOST token operates within the Base ecosystem, focusing on nurturing the Base community and contributing to the memecoin movement's growth.
The recent addition of staking for ROOST allows users to stake coins without lockup periods while making daily claims. The team announced a surprise reward for the first 1,000 wallets staking over $100 in ROOST for a week.
