Controversial influencer Andrew Tate, and his brother Tristian Tate, are going through a brand new legal 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 achieve was short-lived although. It has since sunk again right down to $31.7 million, based on DexScreener.
The Tate brothers are going through expenses of human trafficking, sexual misconduct and cash laundering in Romania, with courts proscribing their motion inside a selected area of the nation. Final week, the pair flew through non-public jet to Florida following strain on the Romanian authorities utilized by the Trump administration concerning the journey restrictions.
Inside every week of touchdown, lawyer basic of Florida James Uthmeier confirmed that there was an ongoing “active criminal investigation” into the Tates as a result of they’ve "publicly admitted” to “soliciting, trafficking, [and] preying upon women around the world—many of these victims coming forward, some of them minors.”
Uthmeier added on Tuesday that he had secured and executed subpoenas and warrants as part of the investigation.
Florida Attorney General @JamesUthmeierFL says he's opened criminal investigation of Tate brothers, @Cobratate & @TateTheTalisman:
"These guys have themselves publicly admitted to collaborating in what very a lot seems to be soliciting, trafficking, preying upon girls…" pic.twitter.com/FYIfbDKCBu
— Forrest Saunders (@FBSaunders) March 4, 2025
In response to listening to that Tate was going through one more legal investigation, crypto degenerates pumped DADDY 11.46% to a market cap of $34 million over 32 hours, based on 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 expenses of human trafficking, sexual misconduct, cash laundering, and beginning an organized crime group. Since then, the pair have awaited trial beneath 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. However it has fallen dramatically since then.
Now, DADDY pumps when Andrew Tate’s identify turns into related once more. When he boarded the non-public jet from Romania to Florida final week, DADDY pumped a mighty 78%.
This sort 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 shouldn’t be misplaced for DADDY traders as Tate’s identify is certain to stay related within the coming weeks, months, and years. That’s as a result of Tate continues to be going through the aforementioned expenses in Romania, the brand new legal investigation in Florida, in addition to British expenses of rape and sexual assault—not the point out a civil declare of tax evasion within the UK.
Edited by Stacy Elliott.
