$DADDY Memecoin Collapses: Down 97% Amid Andrew Tate’s Arrest in the US!

​The controversy surrounding Andrew Tate has officially crashed into the crypto markets, sending his heavily promoted memecoin into a massive death spiral. The $DADDY token has plummeted to around $0.008, representing a staggering 97% collapse from its all-time high of $0.29.
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​US Marshals Arrest the Tate Brothers
​The latest crash which wiped out 50% of the token's remaining value in just the past seven days was directly triggered by major legal news.
​ On Saturday, U.S. Marshals arrested both Andrew and Tristan Tate in Miami on a sealed warrant.
​The arrest is directly tied to ongoing extradition proceedings requested by the United Kingdom. British prosecutors are seeking their return to face serious charges, including rape and human trafficking.
​Memecoins heavily rely on the attention, hype, and active promotional presence of their founders. With the Tate brothers now facing high-profile federal detention and an international extradition battle, retail investors are aggressively dumping their $DADDY holdings in fear that the project is completely abandoned.
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​Celebrity and influencer-backed memecoins carry extreme "key man risk." When the entire value of a token is tethered to a single individual's online clout, any real-world legal trouble, ban, or scandal can wipe out millions of dollars of liquidity overnight. The spectacular rise and rapid 97% collapse of $DADDY is a harsh reminder of the severe dangers associated with personality-driven crypto assets.