Andrew Tate has a new coin named $DADDY

[Report]

If an artist or a famous person creates a coin it seems like it is only to be created for Pump and Dump so I am not sure if I want to invest in the coin created by Andrew Tate. There are many stories that have been proven that famous people have made statements about coins that have turned into Pump and Dump, except maybe like creating a centralized exchange like Binance, because exchanges usually have very strict regulations from various rules in the country.

[21Pilots]

If an artist or a famous person creates a coin it seems like it is only to be created for Pump and Dump so I am not sure if I want to invest in the coin created by Andrew Tate. There are many stories that have been proven that famous people have made statements about coins that have turned into Pump and Dump, except maybe like creating a centralized exchange like Binance, because exchanges usually have very strict regulations from various rules in the country.

But the moment a coin is released by a celebrity or a known personality, people automatically suspect that it is for Pump and Dump. Such situations make people need to be more careful in selection of the investments especially in the coins related to famous personalities.

On the other hand, it is quite different if a figure creates a centralized platform, such as an exchange since usually, exchanges follow strict regulations. It is often a kind of risk-management measure compared to such coins that are backed solely by demand.