Andrew Tate’s DADDY Memecoin Plummets 97 Percent

The DADDY memecoin has fallen significantly, trading 97 percent below its 2024 peak. The token shed half its value in recent days as Andrew Tate and his brother Tristan were arrested by US Marshals in Miami. The brothers are currently being held at a federal detention center while facing extradition proceedings to the United Kingdom.

Despite claims from Tate that he has no contact with the outside world, his social media accounts remain active. Recent posts describe his life in the Special Housing Unit, though these statements contrast with his continued engagement online. The legal situation remains serious, as the UK Crown Prosecution Service has authorized numerous new charges against both brothers, including allegations of rape and human trafficking.

Investors have seen most of the tokens promoted by the brothers lose nearly all their value. Data shows that the DADDY token market capitalization has dropped below 5 million dollars. Analysts previously pointed out high levels of insider supply for the token, which is a common feature in many celebrity backed memecoins that have collapsed since the 2024 frenzy.

The brothers remain in custody while awaiting further court hearings. Traders should remain cautious, as the volatility surrounding these projects often correlates with the public and legal standing of the figures behind them.