Andrew Tate’s crypto hits record low; Is DADDY TATE coin finished?
The Solana-based memecoin DADDY TATE (DADDY), associated with influencer Andrew Tate, has fallen to its lowest price of $0.018 as of November 13, marking a 90% decline from its peak of $0.26 in June 2024. This drop has reduced its market capitalization to $11 million. Initially launched in June 2024 amid heavy promotion, DADDY experienced a sharp rise but has since lost over 2,140 holders in under three months. The token has structural weaknesses, including supply concentration with the top 10 wallets holding 18.98% of the supply and reduced retail participation. Critics highlight concerns about celebrity-backed tokens, citing a lack of long-term utility and governance. Without new utility or community engagement, DADDY's price drop may indicate a fundamental devaluation rather than a temporary downturn.
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DADDY TATE Token Price Collapse
According to data compiled by Finbold Research on November 13, DADDY TATE (DADDY) has dropped to approximately $0.018, marking its lowest price since launch. The Solana-based memecoin, associated with influencer Andrew Tate, experienced an intense early hype that briefly made it one of the fastest-growing celebrity tokens of 2024. At its peak in mid-June 2024, the token traded at $0.26. The current price represents a decline of over 90%, bringing its market capitalization down to around $11 million, which aligns with the typical range for low-liquidity microcaps.
On-Chain Data: Structural Weaknesses
On-chain data reveals weaknesses in DADDY TATE's token dynamics. As of November 13, Solscan reports a total supply of 599.63 million tokens and 66,304 holders. This highlights a declining holder base, with over 2,140 wallets exiting the project since August 15, when the token had 68,446 holders. The shrinking number of holders reflects diminishing retail participation, which is critical for maintaining liquidity in such projects.
What is DADDY TATE Coin?
DADDY TATE launched in June 2024 on the Solana blockchain, heavily promoted by Andrew Tate. Within its first week, the token surged to a market capitalization of $113 million, surpassing the valuation of Iggy Azalea's MOTHER token. Despite this initial success, DADDY TATE has faced significant challenges. A lack of sustained retail interest and reduced wallet activity have led to its current downward trajectory.
Supply Concentration Risks
One structural weakness is the elevated supply concentration. The top 10 wallets control 18.98% of the total supply, equaling approximately 113.8 million tokens. The remaining 81.01% is distributed among smaller holders. Such concentration can create downward pressure in thin markets, as large wallet holders can significantly impact liquidity by choosing whether to sell or hold tokens.
Broader Challenges of Celebrity-Linked Tokens
The broader context has added further challenges for DADDY TATE and similar celebrity-linked tokens. Analysts and regulators throughout 2025 have raised concerns about these assets, noting issues such as a lack of long-term utility and transparent governance structures. DADDY TATE's declining valuation, reduced liquidity, and shrinking holder base fit this problematic pattern.
Future Outlook: A Fundamental Reassessment
Without new utility, stronger development efforts, or increased community engagement, the recent price collapse of DADDY TATE may not merely represent temporary capitulation. Instead, it could signal a fundamental reassessment of the asset, as the hype-driven phase recedes and the token potentially returns to its intrinsic value.