The memecoin project Mother Iggy (MOTHER), launched by Iggy Azalea, has managed to surpass the Daddy Tate (DADDY) project, launched by Andrew Tate, in terms of market value. This week, MOTHER quickly recovered, gaining over 35% in value, while DADDY fell behind, losing 20% amid market volatility.
What’s Happening in the Solana Ecosystem?
According to DEX Screener data, DADDY’s market value is currently notable at $69.7 million. On the other hand, MOTHER has a slight advantage with a valuation of $75.7 million. Despite fierce competition, MOTHER has shown remarkable resilience and recovery, in sharp contrast to DADDY’s decline.
Initially, DADDY surpassed MOTHER in market valuation due to the excitement following its launch, but recent trends have reversed this situation. Andrew Tate, known for his controversial statements, had previously shared his reasons for supporting DADDY:
“I heard about a token called MOTHER, so now I’m supporting a token called DADDY in the name of patriarchy.”
Currently, DADDY has 41,930 asset holders, surpassing MOTHER’s 27,056 wallets. Tate hinted at a possible surprise that could lead to a significant token burn if DADDY reaches 50,000 token holders, sparking curiosity among his followers.
Details of the Competition
With all these developments, both celebrities are integrating their memecoin projects into a broader process. On June 10, Iggy Azalea announced that the telecommunications company Unreal Mobile would accept MOTHER and Solana (SOL) for purchasing phones and monthly cell phone plans. This move is supported by a partnership with Sphere Labs, aiming to include cryptocurrency in daily transactions.
Simultaneously, Andrew Tate is exploring the benefits of converting DADDY into a non-fungible token (NFT) to significantly reduce its supply. He plans to do this along with a burn system on the asset.
Additionally, Tate plans to integrate Real World University for DADDY, offering exclusive access and potential staking rewards to token holders. This approach aims to create daily cryptocurrency rewards for university members and further enhance the token’s appeal.
