Andrew Tate-Themed Cryptocurrency DADDY Tate (DADDY) Surges by Over 26% Amid Ongoing Legal Issues in Romania-web3.0-php.cn

Home

web3.0

Andrew Tate-Themed Cryptocurrency DADDY Tate (DADDY) Surges by Over 26% Amid Ongoing Legal Issues in Romania

王林

Aug 24, 2024 am 12:42 AM

PolymarketDADDY token Andrew Tate

The Andrew Tate-themed cryptocurrency, DADDY Tate (DADDY), was among the top gainers on Aug. 23, as traders closely followed Tate's ongoing legal issues in Romania.

Andrew Tate-Themed Cryptocurrency DADDY Tate (DADDY) Surges by Over 26% Amid Ongoing Legal Issues in Romania

Cryptocurrency linked to Andrew Tate surged on Friday after a Romanian court placed the controversial influencer under house arrest for 30 days over fresh allegations of sexual and human trafficking.

DADDY Tate (DADDY) soared by over 26%, reaching a high of $0.0795, its highest point since Aug. 15. The token, which is named after Tate and trades on the Pump.fun platform, surged by 55% from its lowest level this month.

This rebound also occurred alongside a strong comeback in several Pump.fun coins. Michi (MICHI) surged by 23%, Smoking Chicken Fish (SCF) by 57%, and Fwog (FWOG) by 80% in the last seven days.

Andrew Tate's recent legal challenges in Romania served as the primary catalyst for DADDY's surge.

On Thursday, a Romanian court placed Tate under house arrest following fresh allegations of sexual and human trafficking.

A Romanian court has placed Andrew Tate under house arrest for 30 days following fresh allegations of sexual and human trafficking.

On Friday, DADDY's price soared by over 26%, reaching a high of $0.0795, its highest point since Aug. 15.

This rebound also occurred alongside a strong comeback in several Pump.fun coins. Michi (MICHI) surged by 23%, Smoking Chicken Fish (SCF) by 57%, and Fwog (FWOG) by 80% in the last seven days.

The influencer is now restricted to his home for 30 days as a result of these new allegations.

In an X post, Andrew Tate defended himself, claiming that all accusations were false and hinting at potential corruption in Romania.

EVERY ACCUSATION AGAINST ME IS A LIE.

EVERY SINGLE ONE IS FABRICATED.

ENOUGH OF THE CORRUPTION. pic.twitter.com/3nlGxDJHbV

Most social media users expressed support for Tate and his brother, Tristan Tate, who also faces similar accusations.

In a post, Valentina Gomez noted that Romanian investigators had carried out investigations for three years and “found nothing.”

As a result, DADDY soared because of the hype his arrest generated. Data by Google Trends showed that the search for the name Andrew Tate rose to its highest point since March this year.

Most of this traffic was from Albania, UK, Ireland, and Romania.

The token also rose after a prediction market estimated that Tate would not be found guilty of human trafficking this year.

That probability rose to 37% on Aug. 21 and then retreated to 10% in Polymarket.

DADDY's price was trading at $0.075 on Friday, a few points above the 50-period Exponential Moving Average.

That price served as an important resistance level that it failed to move above since Aug.14. Its volume has remained in a downward trend after peaking on Aug. 15.

Therefore, the most likely scenario is where it pulls back in the next few days as Tate’s arrest news fade. If this happens, it will drop to $0.0655, its lowest swing on Aug. 11 and Aug. 16.

The above is the detailed content of Andrew Tate-Themed Cryptocurrency DADDY Tate (DADDY) Surges by Over 26% Amid Ongoing Legal Issues in Romania. For more information, please follow other related articles on the PHP Chinese website!

Statement

The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Bitcoin (BTC) Holds Firm at 120-Day PeaksMay 11, 2025 am 11:38 AM

Bitcoin (BTC) price climbed to a 120-day high of $103,890 on Friday, propelled by favorable macro conditions and renewed institutional appetite.

A trader is getting attention from the crypto community for massive returns on the decentralized exchange Hyperliquid.May 11, 2025 am 11:36 AM

In a post on X, Lookonchain disclosed that the trader known as James Wynn has made up to $46.5 million in profits trading on the platform.

SUI/USDT Forms Symmetrical Triangle Pattern, Targeting a 8% Price MoveMay 11, 2025 am 11:34 AM

A symmetrical triangle pattern forming on the SUI/USDT 1-hour chart is capturing the attention of market analysts and traders, signaling a possible price movement of up to 8%.

Kaanch Network: The Utility Token That's Already LiveMay 11, 2025 am 11:32 AM

Most presale tokens don't do anything yet. They sell a promise. A pitch deck. A vision of what might happen. But Kaanch Network is different.

Solana (SOL) price started gaining traction after the Federal Open Market Committee (FOMC) announced interest rates would remain unchanged.May 11, 2025 am 11:30 AM

This news boosted the crypto market’s bullish run. It has also taken SOL price back above $150.

title: BlackRock's Bitcoin ETF Records 19 Consecutive Days of Inflows.May 11, 2025 am 11:28 AM

It’s the longest streak of the year, signaling strong institutional demand. Momentum shows rising smart money interest in Bitcoin.

A Hyperliquid trader is making headlines for massive returnsMay 11, 2025 am 11:26 AM

A trader is getting attention from the crypto community for massive returns on the decentralized exchange Hyperliquid.

Could the next breakout in crypto come from a project still in its presale stage, quietly solving real-world problems while others chase scalability?May 11, 2025 am 11:24 AM

As blockchain ecosystems expand and the market shifts its attention toward functionality and long-term use cases, the search for the next crypto to hit $1 is gaining urgency.