DADDY Token Falls 24% On Tate Brothers’ Arrest and New UK Charges
Daddy Tate (DADDY), the Solana meme coin constructed on Andrew Tate’s model, fell 24% on Sunday. The set off was the arrest of Andrew and Tristan Tate in Miami, the place US Marshals detained them on a UK extradition request.
UK prosecutors additionally added 38 new costs towards the brothers. That lifts their mixed complete to 59. Once once more, the token moved in lockstep with its namesake’s authorized troubles.
Tate Brothers Face 59 UK Charges After Miami Arrest
Bedfordshire Police, the UK drive main the case, stated in a statement that officers detained the brothers on Saturday. The Crown Prosecution Service (CPS) authorized the brand new counts after reviewing contemporary proof. The variety of alleged victims rose from three to seven.
Andrew Tate, 39, now faces 42 costs. The new ones embody seven rape counts, three trafficking counts, three assault counts, and 19 costs tied to indecent photographs of a kid and excessive pornography. Tristan Tate, 38, faces 17 costs after six new counts, together with two of rape.
The alleged offenses date from July 2010 to August 2017. Prosecutors need the brothers extradited on all 59 counts. Both deny each allegation.
They already face a separate trafficking trial in Romania relationship again to a 2023 indictment. Markets have seen this film earlier than, as celebrity meme coins are likely to swing arduous on courtroom information.
DADDY Token Slides Toward Its February Low
BeInCrypto knowledge reveals DADDY close to $0.0112, down 24% in a day and 22% on the week. Its market worth slipped to about $6.7 million, in accordance with DADDY price data.
The market can also be skinny. Only about $429,000 traded over the day, so even modest promoting strikes the worth quick. DADDY now sits 96% beneath its June 2024 peak of $0.2886, and not far above its report low of $0.0045 set on February 6.
The ache began earlier this month. Andrew Tate sold his TATE airdrop for about $23,000 regardless of a public pledge to carry. Meanwhile, analysts have lengthy warned in regards to the risks of celebrity tokens, which run on hype alone.
The subsequent transfer now hangs on the extradition hearings. For DADDY holders, the chart issues lower than the courtroom.
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