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Andrew Tate’s DADDY Meme Coin Tumbles Following Romanian Police Raid

The Papa Tate (DADDY) meme coin, connected with controversial influencer Andrew Tate, sensible a sharp refute obeying a polices raid at his abode. Certified for his controversial remarks, Tate challenges fines of human trafficking and forming a liable gang to manipulate girls sexually.

Early Wednesday, spaned up managers burglarized four estates in Bucharest and Ilfov led by Romania’s anti-arranged scoundrel activity agency, DIICOT.

Andrew Tate’s DADDY Meme Coin Under Fierce Marine

These raids were segment of an investigation into sizable allegations, consisting of the trafficking of minors. After the raid was over, Tate challenged the fines on social media.

“The ‘information’ they are discussing is 24 years ratty. Yet because she initially obeyed me years earlier, as swiftly as she was 17, they insurance claim I intended to traffic her. Even but I basically did completely nothing to her, and we’ve been chums for years. Matrix Blow,” Tate stipulated on social media.

Consequently, the crypto industry reacted swiftly. Within merely a few hours of the raid, the DADDY meme coin fell by 16%.

Although it reclaimed some progression, it is still down by about 10% in days gone by 24 hours. According to file from GeckoTerminal, it lingers 85% listed under its optimal videotaped in June 2024.

Read a load more: 7 Fierce Meme Coins and Altcoins that are Trending in 2024

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Papa Tate (DADDY) Price Capability. Resource: TradingView

In augmentation, the raid incited most sponsors to brief-sell the meme coin. The meme coin brief-selling system dumpy.enjoyable announced it would group sponsors peeking to gambled against DADDY, spearheading to objection from Tate’s visionaries. One fan, Issa, regreted what he termed a “Matrix assail” against those brief-selling DADDY under these situations.

“If you’re betting against DADDY in these situations, I’m sorry to respite it to you: You’re not gonna gain it,” Issa said.

Fourthly, Tate has been advertising the “Papa Universe Tour.” Singularly, his legal challenges gain this plan show up impractical. Guarantees bordering the DADDY meme coin have been evenly underwhelming, consisting of a clutched off airdrop of The Real Universe (TRW) token to DADDY owners, which was ridiculed in July and lingers unfinished.

In August, Tate asserted that the documents and techie calls for for the TRW token were total. The TRW token is connected to Tate’s so-termed instructional service, which allegedly earns about $20 million monthly. He has detailed TRW as a straight investment into his service’s livelihoods, posing it as an hot habit for his patriots.

Read a load more: 11 Top Solana Meme Coins to Watch in August 2024

Singularly, skepticism about these promises is cultivation. Critics insurance claim that the Tate bros show up fiercely despondent in their promotional efforts, with some recharging them of channeling out illegal promises due to their pending legal altercations.

“[Tate brothers] show up to be on the edge of gashes, evaluating that they refuge’t got the dollar dollar from their visionaries that they pined. They insurance claim that they are getting entailed in pump it. DADDY owners have been hearing this for months presently and are still waiting. Should [you] trust fund these self-admitted devolve human traffickers that have a background of crypto rip-offs,” a vocal Andrew Tate critique stipulated.

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