Andrew Tate struggles to pump memecoin amid Florida criminal inquiry

Andrew Tate’s memecoin, DADDY, rose only modestly after he promoted it on X, with the token’s market cap increasing about 17% before sliding back shortly afterward. The move came as Tate and his brother Tristan were under a newly active criminal investigation in Florida, adding fresh legal scrutiny to a long-running set of allegations against them. The Florida probe was announced by Attorney General James Uthmeier after the brothers arrived in the United States from Romania, where they still face charges including human trafficking, rape, and forming a criminal gang for sexual exploitation; they also face related proceedings in the United Kingdom. The broader significance is that the investigation and the publicity around it may further complicate Tate’s ability to market crypto projects to his audience, while reinforcing concerns about celebrity-driven memecoin promotion and its volatility.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Florida AG opens criminal probe into Tate brothers - POLITICO (politico.com)
• 'Active criminal investigation' into Andrew Tate, brother Tristan (abcnews.com)
• https://abcnews.go.com/US/active-criminal-investig... (abcnews.go.com)

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