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Finbold 2025-06-06 13:16:50

Andrew Tate’s crypto crashes amid UK legal action

Andrew Tate’s crypto crashes amid UK legal action

Daddy Tate (DADDY), Andrew Tate ’s meme coin, is down over 5% since May 28 when UK charges against the internet personality were authorized. DADDY token which is built on the Solana network is currently trading at $0.03579, having dropped from its May 28 price of $0.03899. Daddy Tate price drop from May 28. Source: CoinMarketCap.com The plunge is largely the result of the UK prosecutors detailing all the charges the Tate brothers will face upon their return to Britain. Given DADDY’s past sensitivity to Andrew Tate’s behaviour and legal battles, the dip makes a lot of sense. For example, in late 2024, the token soared as much as 20% on the back of legal developments in Romania and later pumped over 5% when nearly £2.7 million (~$3.66 million) in Tate’s assets was seized by the UK authorities. DADDY token price outlook Interestingly, the token experienced a resurgence today, climbing 5%. The 24 hour volume likewise went up by 21.17%, reaching $1.27 million. Elsewhere, the total market cap is sitting at $22.14 million, down from $23.52 million on May 28 the day the charges were authorized. As per CoinMarketCap data, the small bounce today could be attributed to a technical rebound, as indicators like the Relative Strength Index ( RSI ) showed oversold conditions, as well as renewed interest on behalf of more speculative, risk-prone traders as the Daddy Tate approaches its one year anniversary on June 9. If you get liquidated tell me and Ill help but only if we hook up $Daddy holders somehow. — Andrew Tate (@Cobratate) June 4, 2025 Also noteworthy is that DADDY managed to outperform the broader crypto market, which dipped by around 1.35% over the same period. However, the rebound is consistent with typical meme coin volatility. According to CoinCheckup, for example, the token is still trading at 25% above the projected price for the next month and is predicted to decline by over 23% within three months. Featured image via Shutterstock The post Andrew Tate’s crypto crashes amid UK legal action appeared first on Finbold .

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