DADDY memecoin craters 97% while Andrew Tate tweets from a Miami cell

Andrew Tate’s DADDY memecoin was trading around $0.007 on Friday. That is more than 97% off its 2024 high.

The influencer posted on X from the Miami cell where US Marshals are holding him. He faces a UK extradition fight.

DADDY craters as its own wallet concentration bites

DADDY lost more than a quarter of its value in the two days following Tate’s arrest. Its market cap has fallen 50% in the past week to less than $5 million. In June 2024, Tate chose the coin as his personal token. It hit a high of about $0.29 that same month.

On July 19, DADDY was trading around $0.0112, down 24% in just one day, with a market cap of around $6.7 million. Trading was thOver 24 hours, only ~$429,000 was traded, enough that even small sell orders push the price hard. The token was already down 96% from its June 2024 high of $0.2886, and not far from its all-time low of $0.0045.

Blockchain analytics firm Bubblemaps has found that 40% of the total supply went directly to Tate’s wallet from DADDY’s deployer. Cryptopolitan reported about this concentration as far back as November 2024, as the token was already declining on news of a hack at Tate’s Online University.

More than 10 Solana memecoins the Tate brothers backed crashed by about 99% during the 2024 celebrity token rush. Another Tate-branded token, TOPG, which could be unauthorized, is down 99.8% from its June 2024 high on less than $200 of daily volume.

Tate Terminal (TATE) is trading over 99% below its peak in October 2024. Andrew Tate sold his TATE airdrop for about $23,000, despite publicly promising to hold.

Tate faces new charges while tweeting from a Miami cell

Andrew Tate, 39, and his brother Tristan, 38, were arrested Saturday by US Marshals. The pair were arrested under a sealed warrant relating to UK extradition proceedings. They were detained as they arrived outside Miami’s James L. Knight Center where Andrew was scheduled to co-host a boxing event.

Bedfordshire Police, the UK force leading the investigation, confirmed the arrest in a statement posted to X.

“Two brothers have been detained by officers in the United States of America, following an investigation by our major crime unit into sexual offences,” the force wrote.

The brothers have denied all allegations. They are also facing a separate trafficking trial in Romania that stems from an indictment filed in 2023.

Tate’s “no contact with the outside world” has not prevented him from posting. Whether he wrote them himself or had a proxy do it, messages went out under his account describing conditions at the Federal Detention Center in downtown Miami.

“I am being held in SHU, the highest level of security which exists. No commissary. No visits. No contact with the outside world. My neighbor is a cannibal who screams throughout the night,” he wrote on X on July 23. The claim that SHU is the highest security level is not correct.

I am being held in SHU, the highest level of security which exists.

No commissary.
No visits.
No contact with the outside world.

My neighbor is a cannibal who screams throughout the night.

— Andrew Tate (@Cobratate) July 23, 2026

In Britain, the Crown Prosecution Service has approved 38 further charges against the brothers. That brings the total to seven alleged victims. Andrew Tate is now facing seven further counts of rape, trafficking and assault, as well as charges relating to indecent images of a child and extreme pornography. Tristan is charged with two counts of rape, one of sexual assault and three of trafficking.

“We have decided to prosecute Andrew and Tristan Tate for further offences including rape, arranging or facilitating trafficking for sexual exploitation and offences relating to indecent images of a child,” said Malcolm McHaffie, who heads the CPS special crime division.

The brothers are charged with 59 offenses altogether, with the alleged crimes taking place between July 2010 and August 2017. A hearing is scheduled for Monday, July 27 before Judge Lauren Louis.

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