- Daddy Tate (DADDY), a meme coin associated with Andrew Tate, dropped to a record low of $0.0288 on July 1.
- Despite the price decline, DADDY’s daily trading volume rose 16.86% to reach $1 million.
- The token has lost over 87% of its value from its all-time high and currently trades around $0.0296.
- DADDY’s market capitalization fell from $120.7 million at its peak to $17.8 million, ranking #835 among cryptocurrencies.
- The largest ten holders control about 18% of DADDY’s total supply, leading to concerns over market stability.
Daddy Tate (DADDY), a cryptocurrency meme token tied to Andrew Tate, reached its lowest-ever price of $0.0288 on July 1, according to market data. The Solana-based coin, which once benefited from its association with the internet figure, has struggled to hold its value.
Trading in DADDY surged despite the decline, with 24-hour trading volume climbing to $1 million, a 16.86% increase. CoinMarketCap data shows the token is now trading at $0.0296, marking a drop of 87.47% from its peak price. Market capitalization has also declined sharply, falling from $120.7 million at its high to $17.8 million as of July 2, placing it 835th among all digital assets by total value.
There are currently 69,826 unique wallet addresses holding DADDY, indicating a large community of token holders. However, according to blockchain data from Solscan, the top 10 holders control 107.58 million tokens—about 17.94% of the circulating supply. This concentration raises concerns about potential for coordinated selling or liquidity challenges.
DADDY launched with significant hype driven by Andrew Tate‘s online brand, but the token has failed to develop a clear use case or roadmap beyond its initial launch. The recent volatility and price decline have caused losses for many early participants.
Market observers remain watchful as activity continues, but the lack of long-term plans or utility beyond its meme status has impacted investor confidence. Many users now hold positions at a significant loss, reflecting the heightened risks of meme coins in the crypto market.
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