Andrew Tate’s cryptocurrency meme coin, Daddy Tate (DADDY), crashed to a new all-time low on July 1, hitting $0.0288, the lowest price for the Solana-based token since its launch.
Despite the steep drop, 24-hour trading volume surged to $1 million, marking a 16.86% increase, suggesting that volatility is drawing in short-term traders even as long-term holders continue to bleed.
DADDY is currently trading at $0.0296, down 87.47% from its all-time high according to CoinMarketCap. The token has seen a modest recovery from its lowest intraday price, but market sentiment remains weak.
At its peak, DADDY token reached a market capitalization of $120.69 million. As of July 2, its market cap has plummeted to just $17.79 million, placing it at #835 among all cryptocurrencies by total value.
Whale concentration and DADDY tokenomics
There are currently 69,826 unique wallet addresses holding DADDY, reflecting a strong community base despite the price decline.
However, blockchain data from Solscan reveals that DADDY has a total supply of 599.63 million tokens, with the top 10 holders controlling 107.58 million tokens, or 17.94% of the circulating supply. Concerns exist among analysts about the potential for coordinated selling pressure or liquidity manipulation.
What’s next for Andrew Tate’s crypto?
While Andrew Tate’s brand gave DADDY early momentum, the token has failed to sustain its value amid broader market fatigue and a lack of utility or roadmap beyond hype.
The recent Daddy Tate price action has shaken confidence, particularly as many early investors now find themselves deep underwater.
