Andrew Tate’s memecoin down 97% while he tweets from cell

Andrew Tate’s DADDY memecoin has shed half its value and is currently trading 97% below its 2024 peak — a plunge that’s coincided with Tate’s latest arrest and his incarceration in Miami’s Federal Detention Center.

US Marshals arrested Tate, 39, and his brother Tristan, 38, on Saturday on a sealed warrant pursuant to UK extradition proceedings outside Miami’s James L. Knight Center. The pair were en route to a boxing event that Andrew was slated to co-host.

It is not the pair’s first time in government detention and they continue to use these experiences to attract media attention.

Indeed, Tate spent some time on Thursday tweeting about jail life, including being housed next door to an alleged cannibal who “screams through the night.”

Whether personally or through a proxy with internet access, Andrew posted to X, “I am being held in SHU,” referring to the Special Housing Unit at the Federal Detention Center of Miami, a US Bureau of Prisons facility.

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