- Andrew Tate’s DADDY memecoin has collapsed 97% from its 2024 peak, trading at approximately $0.008.
- Tate and his brother Tristan were arrested in Miami on Saturday pursuant to UK extradition proceedings on new charges.
- The UK’s Crown Prosecution Service has authorized 38 further charges, including rape and trafficking, against the brothers.
Andrew Tate’s DADDY memecoin has shed half its value this week and is currently trading 97% below its 2024 peak—a plunge that coincided with Tate’s latest arrest. US Marshals arrested Tate, 39, and his brother Tristan, 38, on Saturday on a sealed warrant pursuant to UK extradition proceedings outside Miami’s James L. Knight Center. According to reports, the pair were en route to a boxing event that Andrew was slated to co-host.
It is not the pair’s first time in government detention, and they continue to use these experiences to attract media attention. Tate spent time on Thursday tweeting about jail life, including being housed next to an alleged cannibal who “screams through the night.” He posted, “I am being held in SHU,” referring to the Special Housing Unit at the Federal Detention Center of Miami, inaccurately claiming it is “the highest level of security which exists.”
Britain’s Crown Prosecution Service has authorized 38 further charges against the Tate brothers, involving four more alleged victims and bringing the total to seven. Andrew faces seven fresh counts of rape, trafficking, and assault, along with charges over child sex-abuse images and extreme pornography, according to court documents. Tristan faces two rape counts, one sexual assault count, and three trafficking counts.
Malcolm McHaffie, head of the CPS special crime division, stated, “We have decided to prosecute Andrew and Tristan Tate for further offences including rape, arranging or facilitating trafficking for sexual exploitation.” The brothers appeared before Judge Lauren Louis on Monday, with another hearing set for Monday, July 27.
Tate adopted DADDY, a Solana memecoin, as his personal token in June 2024, reports show. Data from CoinGecko indicates it traded around $0.008 on Thursday afternoon, with its market capitalization hovering below $5 million. Bubblemaps found that DADDY’s deployer sent 40% of the entire token supply straight into Tate’s own wallet.
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