Andrew Tate’s DADDY coin surged 78% after news broke that he was allowed to leave Romania for Florida.
His legal troubles continue, with Romanian prosecutors confirming his case is ongoing and the UK issuing a pending arrest warrant.
DADDY coin holders celebrate Tate’s apparent freedom, but concerns over his legal future cast uncertainty over the token’s stability.
Andrew Tate’s Solana-based meme coin, DADDY, exploded 78% in value after news broke that he and his brother Tristan boarded a private jet to Florida, marking his first time leaving Romania since his 2022 arrest.
ICYMI: Andrew Tate's memecoin $DADDY (@Cobratate) pumped 100% amid reports of him traveling to the U.S.
The Financial Times reports that Trump’s administration recently pressured Romanian officials to ease travel restrictions on Tate, though Romania’s foreign minister denied it was “pressure”.
Tate’s Legal Battles & Meme Coin Mania
Tate, who has faced charges of human trafficking, sexual misconduct, and money laundering, has been under various forms of custody or travel bans for over two years.
DADDY coin’s market cap jumped from $22.1M to $38.7M in just 12 hours, fueled by the news of his departure.
The coin was originally launched in response to Iggy Azalea’s MOTHER token, with Tate claiming he was “flipping it for the patriarchy.”
Last year, Tate falsely claimed he could travel globally for DADDY’s “world tour”, only for his travel ban to be reinstated.
“What you’re seeing is the cult of Tate turning market speculation into a movement,” a crypto analyst noted.
