Andrew Tate’s cryptocurrency crashes to an all-time low

Andrew Tate’s cryptocurrency meme coin, Daddy Tate (DADDY), crashed to a new all-time low on July 1, hitting $0.0288, the lowest price for the Solana-based token since its launch.

Despite the steep drop, 24-hour trading volume surged to $1 million, marking a 16.86% increase, suggesting that volatility is drawing in short-term traders even as long-term holders continue to bleed.

Daddy Tate price 1-day chart. Source: CoinMarketCapDaddy Tate price 1-day chart. Source: CoinMarketCapDADDY is currently trading at $0.0296, down 87.47% from its all-time high according to CoinMarketCap. The token has seen a modest recovery from its lowest intraday price, but market sentiment remains weak.

CoinMarketCapDaddy Tate all-time price chart. Source: CoinMarketCapDaddy Tate all-time price chart. Source: CoinMarketCapAt its peak, DADDY token reached a market capitalization of $120.69 million. As of July 2, its market cap has plummeted to just $17.79 million, placing it at #835 among all cryptocurrencies by total value.

Whale concentration and DADDY tokenomics

There are currently 69,826 unique wallet addresses holding DADDY, reflecting a strong community base despite the price decline.

However, blockchain data from Solscan reveals that DADDY has a total supply of 599.63 million tokens, with the top 10 holders controlling 107.58 million tokens, or 17.94% of the circulating supply. Concerns exist among analysts about the potential for coordinated selling pressure or liquidity manipulation.

Daddy Tate (DADDY) token distribution. Source: SolscanDaddy Tate (DADDY) token distribution. Source: Solscan## What’s next for Andrew Tate’s crypto?

While Andrew Tate’s brand gave DADDY early momentum, the token has failed to sustain its value amid broader market fatigue and a lack of utility or roadmap beyond hype

The recent Daddy Tate price action has shaken confidence, particularly as many early investors now find themselves deep underwater.