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DADDY meme coin drops 40% after Andrew Tate's arrest and new criminal charges

Market News
24 Jul 2026
Blockonomi
View Source
Bearish
pluang ai news

The DADDY meme coin fell about 40% following the arrest of Andrew Tate and his brother Tristan in Miami, amid 38 new criminal charges including rape and human trafficking. The token's market cap dropped from $8 million to under $5 million as traders sold off amid legal uncertainties. Tate denies the allegations and claims to be held in a high-security unit with no outside contact, sparking debate over his social media activity from custody. The coin's price has been highly sensitive to Tate's public profile and legal troubles rather than product development, causing sharp market volatility.

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