Solana DADDY Token Jumps as Florida Opens New Andrew Tate Prison Investigation – Decrypt

Controversial influencer Andrew Tate, and his brother Tristian Tate, are dealing with a brand new felony investigation in Florida, following the pair being allowed to depart Romania and arriving within the enter the state final week.

Because the information unfold, Daddy Tate (DADDY), a token promoted by the self-proclaimed misogynist, briefly jumped 11% to a $34 million market cap amid an in any other case quiet meme coin market. The acquire was short-lived although. It has since sunk again right down to $31.7 million, in response to DexScreener.

The Tate brothers are dealing with costs of human trafficking, sexual misconduct and cash laundering in Romania, with courts limiting their motion inside a particular area of the nation. Final week, the pair flew by way of personal jet to Florida following strain on the Romanian authorities utilized by the Trump administration relating to the journey restrictions.

Inside per week of touchdown, lawyer common of Florida James Uthmeier confirmed that there was an ongoing “energetic felony investigation” into the Tates as a result of they’ve “publicly admitted” to “soliciting, trafficking, [and] preying upon ladies all over the world—many of those victims coming ahead, a few of them minors.”

Uthmeier added on Tuesday that he had secured and executed subpoenas and warrants as a part of the investigation.

In response to listening to that Tate was dealing with yet one more felony investigation, crypto degenerates pumped DADDY 11.46% to a market cap of $34 million over 32 hours, in response to DEX Screener.

This comes after Andrew Tate posted a number of movies recalling how his human trafficking enterprise labored, in addition to detailing acts of sexual and bodily violence—most of which he has claimed have been jokes.

In late 2022, Andrew and Tristian Tate have been arrested in Romania with costs of human trafficking, sexual misconduct, cash laundering, and beginning an organized crime group. Since then, the pair have awaited trial below journey restrictions, after they denied the fees.

Then, in 2024, Andrew went on a spree of selling Solana meme cash, quickly focusing in on one token: DADDY. Inside days, the Pump.enjoyable created token hit an all-time excessive market cap of $209 million. But it surely has fallen dramatically since then.

Now, DADDY pumps when Andrew Tate’s identify turns into related once more. When he boarded the personal jet from Romania to Florida final week, DADDY pumped a mighty 78%.

This type of worth motion is spectacular within the present meme coin market with most main meme cash failing to make any notable features. Nonetheless, DADDY stays down 85% from its all-time excessive achieved in June of final yr.

However all just isn’t misplaced for DADDY buyers as Tate’s identify is certain to stay related within the coming weeks, months, and years. That’s as a result of Tate remains to be dealing with the aforementioned costs in Romania, the brand new felony investigation in Florida, in addition to British costs of rape and sexual assault—not the point out a civil declare of tax evasion within the UK.

Edited by Stacy Elliott.