- Andrew Tate‘s DADDY cryptocurrency token gained only 17% despite his promotion efforts, amid a new criminal investigation in Florida.
- The token’s market cap fluctuated, rising to $34.5 million before falling 11% within an hour of Tate’s social media promotion.
- Florida’s attorney general has launched a criminal investigation against the Tate brothers, who already face human trafficking and rape charges in Romania.
Despite his significant online influence, Andrew Tate managed to boost his DADDY cryptocurrency token by a mere 17% following promotion on social media. The underwhelming pump occurred as Florida law enforcement announced a “now-active criminal investigation” into Tate and his brother.
The DADDY token’s market cap was approximately $29.4 million at 3:40 pm UTC according to data from Pump Fun, the memecoin platform where the token was created. After Tate shared the token’s address on X at 3:49 pm, the market cap rose to $34.5 million within 30 minutes—a 17% increase—before declining by 11% over the following hour.
Trading volume for DADDY briefly spiked to $328,167 for a five-minute period but rapidly collapsed to just $21,233 ten minutes later. This volatility comes amid a broader decline in Pump Fun’s overall trading volume, revenue, and token graduations this year.
## Legal Troubles Mount for Tate Brothers
Andrew and Tristan Tate recently left Romania for the United States after prosecutors lifted their travel ban, reportedly due to pressure from Donald Trump‘s administration. In Romania, the brothers face serious charges including human trafficking, rape, sexual intercourse with a minor, and forming a criminal gang focused on sexually exploiting women.
Their legal situation has now worsened as James Uthmeier, Florida’s attorney general, has initiated a criminal investigation against them. Uthmeier ✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
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