Bitcoin Forum

You'd agree with me, communities wield significant influence in shaping crypto projects especially Memecoins.

Meme coins like Dogecoin and Shiba Inu Coin have experienced fervent support, transcending initial perceptions as jokes to emerge among top digital assets. Communities rallying around these tokens share a belief in token's potential, driving significant adoption.

I just came across a narrative about the Solana Memecoin $Daddy that triggered my curiosity.
It's sad that this token was originally launched on by an anonymous developer like most Memecoin, yeah, who later sold out and left. But the interesting part is the community who took over the project and different things happened that they arranged for 40% of the token to be burnt thereby reducing the total supply and making holders' tokens rarer.

Now, I don't know how many of you have experience with projects like this and who like to share the long term potential of projects led by the community. The thing is, more platforms have begun listing Daddy and on the side, I wonder how the run-away dev is feeling seeing the project sustained. Share your thoughts.

If you are talking about this celeb token with ticker $DADDY that got millions of volume and yes there are so many coin with DADDY ticker its actually ridiculous   ;D. In my opinion I don't think its good enough, from the fact that the project got abandoned by the developer itself already a redflag, or i can call it soft rugpull even if it is taken over by the community it will do nothing. the burning will probably have little to none impact at all.

its unlike doge coin where it is abandoned by the developer after it got listed in big exchange because its the first meme coin ever and back in the day, any coin can make it easily to the big exchange and the legacy got shilled by elon musk which caused massive growth. this $DADDY on the other hand, just gonna vanish eventually. even though I can be wrong, i'm pretty confident with my opinion.

https://i.postimg.cc/T2KZLbh1/ygasjkl.png

just see the chart above.

things changed, this coin probably not gonna succeed, current celebrities token is just a fad, most of them gonna tank in no time, heck even celeb token like $MOTHER and $DADDY already tanks right now, the early birds are dumping their bag at this current time. even their CEX listing are those CEX that consistently list and delist low market cap meme coins.

isn't this token backed by andrew tate?

i have seen many refer to this as his token but it seems like it wasn't really made by him but the developer gave him a lot of it making him kind of the owner of it

andrew tate is popular in social media for all the wrong reasons i don't think his token is going to be successful in any form, if you are holding this then you are just waiting your money and time

tbh the Amount of new memecoins is alarming and needs to be checked. But I think the community wanting to improve DADDY looks bullish to me, that's if it can be sustained. Noticed they also burnt millions worth of the token. https://x.com/Cobratate/status/1801748677347750003. Dunno, but might just throw few dollars on Bitget and let it run cos of Andrew tates presence. . Let's see how it goes.

No, it wasn't the developer that sent Andrew Tate the coins he had, it was the community. What the 40% he had had been burnt. It was Tate's tweet that made DADDY popular. Apart from earlier investors consistently taking profit, the spike from some recent listing like Bitget announcing listing too give some bullish feelings to watch out for.