Daddy Tate (SOL: $DADDY) is a meme coin that has been heavily promoted by Andrew Tate, a social media influencer. The token recently saw a resurgence in interest as Adnrew Tate, and his brother Tristan were released from Romanian house arrest.
Tate Brothers Released
Andrew and Tristan Tate were arrested in December 2022 and, afterward, placed under house arrest in Romania. Recently, Romanian prosecutors lifted a two-year travel ban, and the brothers took the opportunity to depart for the US.
While the cases against the two will continue, they have not been convicted of any of the charges, nearly two years after the arrests. Initially, there were suggestions that Romanian authorities had succumbed to political pressure from the US. However, Trump later clarified that he was unaware the two had been released.
When he arrived in the US, Tate said that he and his brother were “largely misunderstood.” He noted that so far, they had not been convicted of any crimes. Their lawyer, Joseph McBride, clarified that the brothers had returned to the US for various reasons, key amongst them being Trump’s presidential win. As of Thursday, February 27, 2025, the brothers were in Fort Lauderdale, Florida.
DADDY Token Soars
Following the announcement that they were free, the $DADDY token shot to a market cap of over $50 million on Thursday, before sinking 16.87% to a market cap of $32.81M as of Friday, February 28, 2025.
As of February 28, 2025, it has a price of $0.05523, with the 24-hour volume up 47.64% to $7.74 million. The current total circulating supply of DADDY tokens is 599.64M DADDY, out of a maximum supply of 999.68M tokens. It hit an all-time high of $0.2925 on June 14, 2024, and has since dipped 81.22%. However, since its all-time low of $0.02965 on February 10, 2025, it has gained a whopping 85.19%.
The $DADDY token has experienced huge fluctuations since it was launched. However, Andrew Tate has said he will not rug his community in the past. He has also called out JEETs in the past via an X post. On February 18, 2025, just days before his release from Romanian house arrest, Tate posted on X about the DADDY token.
Social Media Following
Daddy Tate ($DADDY) has a huge social media presence. On X, Andrew Tate, who is its main backer, has 10.7 million followers. Meanwhile, the project’s official Telegram group has 33,440 members.
IS $DADDY A Buy Following Andrew Tate’s Release?
The DADDY token is a celebrity meme coin, and its main backer has been open about it. Since 2024, Tate has posted numerous times on X that he is behind it and said he will not rug the community. Additionally, he regularly tweets about the project to his huge online following of over 10 million people.
With Tate’s release from Romania, it is likely he will be making waves online soon, which could potentially boost interest in the token. Consequently, adding $DADDY to your portfolio could potentially produce some positive results in the short term.
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