Andrew Tate, a controversial figure known for his provocative statements and legal troubles, has been under scrutiny since December 2022 when he was arrested along with his brother Tristan.
However, on July 5, 2024, Andrew took to X formerly Twitter to announce his newfound freedom, stating;
“I AM FREE. FOR THE FIRST TIME IN 3 YEARS I CAN LEAVE ROMANIA. THE SHAM CASE IS FALLING APART.”
This declaration followed significant developments in his legal battles, as restrictions on his movement within Romania were relaxed by the court.
In the wake of his announcement, Tate’s cryptocurrency, Daddy Tate (DADDY), experienced a notable uptick. According to CoinMarketCap, the token saw its price climb from $0.18 to $0.20, returning to the green with a 3.12% increase over the past day just minutes after his announcement.
DADDY 1-day price chart. Source: CoinMarketCap
$DADDY token performance
Built on the Solana blockchain, the DADDY token has shown impressive performance over the past week, with a 57.22% increase, bringing its market cap to over $117 million. The token’s trading volume has also surged, indicating growing interest and activity among its over 50,000 holders, according to the latest data retrieved from Solscan.
Interestingly, a further breakdown of the holders’ numbers shows the concentration of most tokens is in a few addresses, with 25.36% of the DADDY supply held by 10 addresses.
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