In 2024, popular influencer Andrew Tate reversed his previous stance and decided to get involved with cryptocurrencies, investing in Bitcoin (BTC), endorsing – though some might say shilling – blockchains, and promoting a self-themed meme coin: Daddy Tate (DADDY).
During the year, DADDY recorded notable gains as the celebrity posted numerous social media posts urging his followers to invest and saw several peaks. Shortly after launch, in mid-June, it hit its all-time high (ATH) at $0.2641.
Though it swiftly plunged toward $0.078, it enjoyed several subsequent surges to $0.21 in July, $0.158 in September, and $0.164 in October.
Despite the sometimes positive volatility, it is difficult to miss that Daddy Tate has been in a death spiral since its launch, spending most of its time on the decline in the cryptocurrency market.
With its press time price of $0.039, DADDY is 85.25% down in the all-time chart and has collapsed 32.61% since 2025 started.
People are still buying Daddy Tate in 2025
Despite the performance and the nature of the token, it is noteworthy that Daddy Tate is, in fact, up on the 30-day chart, indicating that some traders are still buying. The latest peak for DADDY came on March 26, when it briefly soared to $0.05.
Furthermore, the number of addresses holding the cryptocurrency has been increasing since July. Indeed, during the summer of 2024, their number stood at 47,649, rose to 62,750 by November, and soared to 72,244 by press time on April 10, per the data FInbold retrieved from Solscan on the day.
Still, despite the undeniable activity, it has done little to change the meme coin’s direction as it swiftly corrected downward, erasing the gains. Furthermore, it arguably confirmed the previous trend as, though the latest high was significantly above DADDY’s more standard recent range, the previous rallies dwarf it.
Examining Andrew Tate’s X posts, it becomes apparent that part of the reason for the cryptocurrency’s downturn is a lack of promotion. Even during the March 26 highs, no tweets were dedicated to the once-backed digital asset.
Featured image via Shutterstock
