Famous figure's supporters who trusted the cryptocurrency are regretting it: Losses have reached millions of dollars.

Released by Andrew Tate, Daddy Tate (DADDY) has experienced a significant loss in value this year. According to market data, this meme cryptocurrency has dropped over 70% since its launch, following shocking investigations conducted by YouTuber Coffeezilla. These developments have shaken Tate's reputation in the cryptocurrency world and the trust of investors in the meme cryptocurrency.

DADDY Continues to Lose Value

The meme cryptocurrency named DADDY, launched by controversial influencer Andrew Tate, is experiencing a serious loss in value recently. According to market data, the cryptocurrency, which was trading at $0.06988 on November 29, is currently 73% away from its all-time high. The loss since the beginning of 2024 has reached 70.51%.

Recent research conducted by YouTuber Stephen Findeisen, known as Coffeezilla, has accelerated the decline of the DADDY meme cryptocurrency. Findeisen accused Tate of committing fraud in cryptocurrency transactions and misleading his followers with deceptive information.

Andrew Tate, known for his past in the adult film industry and later criticizing this sector, has sparked controversies within the community with his cryptocurrency venture. Tate's problems are not limited to this. The invalidation of some evidence in the human trafficking case against him in Romania has led the prosecution to reassess its decision regarding the future of the case. This process, which ended on November 29, was described as a victory by the Tate brothers.

The future of DADDY, which is among the meme cryptocurrencies exhibiting unstable trends in the market, remains uncertain due to Andrew Tate's legal issues and Coffeezilla's allegations. Experts point out that while meme cryptocurrencies may have recovery potential depending on their projects, Tate's controversial past in the cryptocurrency space poses a risk for investors.