DADDY TATE (DADDY), the Solana-based memecoin associated with influencer Andrew Tate, has fallen to approximately $0.018, its lowest valuation since launch, according to data released by Finbold Research.
The decline represents the unwinding of speculation that made the token one of the most discussed celebrity cryptocurrencies of 2024.
DADDY launched in June 2024, supported by Tate’s online promotion. Within its first week, the token surged to an estimated $113 million in market cap, surpassing Iggy Azalea’s MOTHER token with the price trading above $0.26.
Andrew Tate’s DADDY token drops to record low of $0.018
The price has fallen over 90 per cent, reducing the market capitalisation to about $11 million.
Finbold’s analysis highlights weaknesses within the token’s on-chain activity. Solscan data shows a supply of 599.63 million tokens and 66,304 holders.
On August 15, DADDY had 68,446 holders, which means the project has lost more than 2,140 wallets in under three months.
Concentration remains a challenge. The top 10 wallets hold 18.98 per cent of all tokens, equal to 113.8 million DADDY, while the remaining supply is spread across smaller retail addresses.
Concentration can increase downward price pressure because holders are able to influence liquidity conditions.
DADDY TATE token holder count falls below 67,000 as price drops
“The DADDY TATE embodies the entire lifecycle of hype-driven assets. It surged on brand power, but without utility or sustained user growth the market eventually repriced it,” Jordan Major, Senior Research Analyst at Finbold said in a statement.
“We continue to see a pattern across celebrity-linked tokens. Retail enthusiasm spikes during launch phases, but long-term fundamentals rarely follow. DADDYโs falling holder count and shrinking market cap reflect a broader maturity in the market as investors become more cautious,” Diana Paluteder, Finbold Head of Content added.
The decline of the DADDY TATE coin aligns with a 2025 trend in which analysts and regulators have raised concerns about influencer-backed tokens lacking governance or value propositions.
Finbold will continue monitoring on-chain metrics and market sentiment to assess whether DADDY stabilises or continues its trajectory.
