Andrew Tate’s crypto nosedives after major news

Since its launch, the meme cryptocurrency Daddy Tate (DADDY), linked to British-American social media personality and former professional kickboxer Andrew Tate, also known as Top G, has reached stellar popularity and, with it, an increase in price, aided by Tate’s publicity.

As it happens, the price of DADDY continued to grow, outshining Iggy Azalea’s MOTHER coin, after Tate’s X post that he has “never seen mommy beat DADDY,” as well as his announcement regarding plans to turn this crypto asset into a utility token, as per data on June 18.

DADDY price analysis

For now, DADDY’s price of $0.1281 suggests a 37.70% decline in the last 24 hours, adding up to the accumulated drop of 45.93% since the launch of its trading metrics on the CoinMarketCap platform, according to the most recent data retrieved by Finbold on June 18.

All things considered, Andrew Tate’s memecoin has certainly attracted mass interest, evident in the fact that there were over 38,310 DADDY holders on June 18, up 11.8% in a single day from the previously reported 34,266, according to the latest information obtained from Solscan.

That said, prices in the crypto sector can often be volatile, particularly in cases of fairly new tokens that might be under the influence of popular individuals’ public statements, so doing one’s own research and staying aware of all the risks is critical when investing in them.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Source