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Why is Andrew Tate’s crypto quietly soaring?

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Summary: ⚈ Andrew Tate’s DADDY coin is up 26% in 30 days, mirroring Bitcoin’s rally. ⚈ Recent gains likely stem from broader market momentum, not renewed hype. ⚈ DADDY remains 81% below launch price, with little chance of full recovery. After suffering a catastrophic collapse as the influencer stopped promoting it and as scam allegations emerged, Andrew Tate’s crypto meme coin, Daddy Tate (DADDY), entered something of a comeback in April. Daddy Tate is up 25.96% in the last 30 days, 21.70% in the last week of trading, and a respectable 4.94% in the 24-hour chart, as the cryptocurrency is, at press time on May 2, changing hands at $0.05032. DADDY 30-day price chart. Source: Finbold Why DADDY meme coin is rising Examining the influencer’s X account reveals that he has been sparingly promoting the meme coin and the cryptocurrency exchange platform Photon in between posts about the importance of being wealthy and ChatGPT admitting ‘women are useless.’ T...

Andrew Tate seems confused as he dumps bitcoin to buy GameStop

Andrew Tate claims he’s cashed in a portion of his bitcoin holdings and invested the funds into GameStop following a new wave of hype around the controversial stock. However, he can’t seem to decide on a figure. Tate initially said he made a $50,000 investment into GameStop before changing this to half a million. He then upped the ante even more, claiming that he’d actually allotted $6 million worth of his crypto to destroy hedge funds. The hype around GameStop was fuelled by the return of investment-focused Social Media personality Roaring Kitty, who helped inspire the initial GameStop rally in 2021. pic.twitter.com/YgjVqtgcNS — Roaring Kitty (@TheRoaringKitty) May 13, 2024 Roaring Kitty has continued to post various memes. When Kitty posted on X (formerly Twitter) for the first time in three years today, GameStop’s price reportedly doubled. In response, Nasdaq has halted the trading of the stock 18 times today , likely due to the sudden price swings. ...

Court to seize 21 bitcoin from Andrew Tate after rape and trafficking indictment

Controversial former world kickboxing champion and social media influencer Andrew Tate could see an estimated $560,000 in Crypto seize d by Romania n authorities after he was formally indicted on rape and trafficking charges. Tate was arrested in Romania in December and remained in jail and under house arrest while under investigation. However, as detailed in a press release issued on Tuesday by the country’s Directorate for the Investigation of Organized Crime and Terrorism, he has now been officially charged. Following this development, prosecutors have requested to seize assets and funds, including 15 high-end cars, 15 properties, a number of watches, and 21 bitcoin. It was initially reported that police had seized somewhere in the region of $380 million worth of bitcoin, but this turned out to be an error caused by a misunderstanding with Google Translate. As reported by the BBC, Tate’s brother Tristan and two other associates have also been indicted on the same charges . ...