The meme coin DADDY, linked to controversial influencer Andrew Tate, experienced a sharp decline of over 26% in less than two days following the arrest of Andrew and his brother Tristan Tate in the United States on July 18. The token’s value fell from approximately $0.01475 to $0.01089 by July 20, marking a significant drop that extended a prolonged downtrend. DADDY is now trading 95.4% below its all-time high, despite a brief recovery earlier in July when it stabilized above $0.006 and approached $0.03.
UK Prosecutors Expand Charges Against Tate Brothers
Britain’s Crown Prosecution Service (CPS) announced that it has decided to bring additional charges against both brothers and plans to seek their extradition from the United States. Andrew Tate, 39, faces seven new rape counts, three counts of trafficking for sexual exploitation, three counts of assault causing actual bodily harm, and 19 charges related to indecent images of a child and extreme pornography. Tristan Tate, 38, faces one sexual assault count, two rape counts, and three counts of arranging or facilitating trafficking for sexual exploitation. The alleged offenses occurred between 2010 and 2017. Both brothers have denied any wrongdoing in the British and Romanian cases.
US Arrest Follows Romanian Extradition Delay
Romanian authorities had previously stated they could not extradite the brothers to Britain until their domestic case concluded. However, British prosecutors later learned that the brothers planned to travel to America. The Tates flew to Florida on a private jet in February 2025 after Romania lifted restrictions that had prevented them from leaving the country. Romania’s foreign minister later mentioned that an official in the Trump administration had expressed interest in the brothers’ Romanian case, though President Donald Trump denied any knowledge of the matter. Attorney Joseph D. McBride described the US arrest as a political action, alleging that a Justice Department official acted without senior leadership approval and that a judge would likely release the brothers after reviewing the evidence.
DADDY Extends Its Long-Term Market Decline
DADDY has spent most of its existence in a downtrend, punctuated only by brief rallies. The July sell-off erased part of the token’s recent recovery and followed reports that Andrew Tate lost money through several market positions in 2026, including in oil and Bitcoin. Andrew Tate, a former professional kickboxer, has built an audience of over 10 million followers on X but was banned from YouTube, TikTok, and Instagram for violating hate speech policies. He continues to operate an online academy targeting young men, claiming to teach wealth-building and attracting women. Both brothers continue to deny all allegations against them.
Conclusion
DADDY coin’s 26% decline underscores the volatility and legal risks surrounding meme coins tied to controversial figures. Investors should closely monitor ongoing legal developments and market conditions before making decisions involving such assets.