Andrew Tate-linked meme coin DADDY has fallen sharply after the controversial influencer and former kickboxer was detained in Miami, extending a long period of volatility for a token that first surged during the summer of 2024.

DADDY went viral on crypto X shortly after launch, with Tate publicly supporting the token. In the months and years that followed, his posts, announcements, and legal developments were repeatedly associated with major swings in the token’s price. The episode reflects a recurring risk in influencer-linked meme coins: when a token’s public identity is closely tied to one figure, off-chain developments involving that person can quickly become part of the market narrative.

Tate Detained in Miami

Tate has long been known both for his kickboxing career and for a series of legal cases that have drawn international attention. Over the years, he has faced multiple charges in the UK, Romania, and the United States, and he has been arrested on several occasions.

On July 19, Andrew Tate and his brother, Tristan Tate, were detained again in Miami after British authorities issued 38 new criminal counts against them. The charges include rape, actual bodily harm, and human trafficking.

“We have decided to prosecute Andrew and Tristan Tate for further offenses including rape, arranging or facilitating trafficking for sexual exploitation and offenses relating to indecent images of a child,” Malcolm McHaffie, head of the Special Crime Division at the CPS, said.

Andrew Tate denies the allegations and is due to face trial in Britain later this year. According to a recent post on X, he said he had been placed in a Special Housing Unit, or SHU. He described the unit as “the highest level of security which exists,” and claimed he had no contact with the outside world, was not allowed visits, and had a neighbor who was “a cannibal who screams throughout the night.”

Some X users questioned his comments, asking how he could continue posting online if he was cut off from the outside world while in custody.

The DADDY token has dropped by about 40% since Tate’s arrest. According to CoinGecko data cited in the source report, the token was trading at $0.0092, while its market capitalization had fallen from $8 million to less than $5 million.

DADDY’s Rise and Decline

DADDY was launched nearly two years ago and was presented as a counterpart to MOTHER, another meme coin associated with Australian model Iggy Azalea. Tate, who is widely known for misogynistic views and comments praising male dominance, supported DADDY as a token for “the patriarchy.”

His backing, combined with strong early social media attention, fueled a major rally. At its peak, DADDY briefly climbed to nearly $0.30, while its market capitalization approached $100 million.

The token later entered a steep downtrend. Like many meme coins, DADDY has relied heavily on speculation and social media enthusiasm rather than conventional fundamentals. That makes liquidity, holder concentration, and promotional activity especially important for traders watching such assets, because sharp moves can occur even without changes to a project’s underlying utility. Its decline was further affected by insider trading accusations directed at Tate in connection with meme coin promotions.