Tate's Arrest Crushes DADDY Meme Coin by 40%

Andrew Tate's meme coin, DADDY, has taken a hit since his arrest in Miami. The token's price plummeted by roughly 40% and is now trading at $0.0092 on CoinGecko.

Tate and his brother were arrested on July 19 after British authorities issued 38 new criminal counts against them, including rape, actual bodily harm, and human trafficking. Tate denies the allegations and claims to be held in a Special Housing Unit (SHU) with no contact with the outside world.

The arrest has triggered significant price volatility for DADDY, which was initially supported by Tate's backing and hype on social media. The token briefly jumped to nearly $0.30 in price before entering a steep downward trend.