CandleFocus

Andrew Tate’s DADDY token crashes following the Online University hack

Author: Content Editor
In summary, the meme token launched by Andrew Tate, called DADDY, experienced a pump followed by a quick crash. The token was further affected by the news of the recent email hack of Tate's Online University. Despite attempts by Tate to save the token by injecting more SOL to pump the price, it slid from a peak of $0.14 to $0.08. The DADDY token has a history of volatility, with smaller pumps and slides happening frequently. It currently has a market capitalization of just $52M and lags behind other trending meme assets. Tate, who holds a significant portion of the token's supply, injected more SOL in buy orders but was unable to keep the token afloat for long. Despite ongoing investigations into allegations of human trafficking and money laundering, Tate continues to promote the DADDY token and participate in the Solana ecosystem. The recent hack of his Online University compromised user data and led to disruptions on the platform. The trial against Tate is ongoing, with some evidence being removed by a Romanian court.

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