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Andrew Tate’s cryptocurrency crashes to an all-time low
Andrew Tate’s cryptocurrency meme coin, Daddy Tate (DADDY), crashed to a new all-time low on July 1, hitting $0.0288, the lowest price for the Solana-based token since its launch.
Despite the steep drop, 24-hour trading volume surged to $1 million, marking a 16.86% increase, suggesting that volatility is drawing in short-term traders even as long-term holders continue to bleed.
CoinMarketCap
Daddy Tate all-time price chart. Source: CoinMarketCap
Daddy Tate all-time price chart. Source: CoinMarketCapAt its peak, DADDY token reached a market capitalization of $120.69 million. As of July 2, its market cap has plummeted to just $17.79 million, placing it at #835 among all cryptocurrencies by total value.
Whale concentration and DADDY tokenomics
There are currently 69,826 unique wallet addresses holding DADDY, reflecting a strong community base despite the price decline.
However, blockchain data from Solscan reveals that DADDY has a total supply of 599.63 million tokens, with the top 10 holders controlling 107.58 million tokens, or 17.94% of the circulating supply. Concerns exist among analysts about the potential for coordinated selling pressure or liquidity manipulation.
While Andrew Tate’s brand gave DADDY early momentum, the token has failed to sustain its value amid broader market fatigue and a lack of utility or roadmap beyond hype
The recent Daddy Tate price action has shaken confidence, particularly as many early investors now find themselves deep underwater.