Andrew Tate’s crypto crashes amid UK legal action

Daddy Tate (DADDY), Andrew Tate’s meme coin, is down over 5% since May 28 when UK charges against the internet personality were authorized.

DADDY token which is built on the Solana network is currently trading at $0.03579, having dropped from its May 28 price of $0.03899

The plunge is largely the result of the UK prosecutors detailing all the charges the Tate brothers will face upon their return to Britain.

Given DADDY’s past sensitivity to Andrew Tate’s behaviour and legal battles, the dip makes a lot of sense.

For example, in late 2024, the token soared as much as 20% on the back of legal developments in Romania and later pumped over 5% when nearly £2.7 million (~$3.66 million) in Tate’s assets was seized by the UK authorities.