The value of the token has increased drastically over recent times because of its relationship to Andrew Tate. Even as the token faced some controversies, it now holds a market capitalization of $105 million. Daddy Tate, or DADDY, has seen a jump of 45% in the last week, with an 18% rise in a single day. However, it also dropped 22% in value over the last month. This is an indication of the unpredictability reigning in the market of DADDY.
One major reason is that it was announced Andrew Tate and his brother could now travel to Europe without hassle. News that has sort of set this project on the boil. With over 44,000 people holding the token, the so-called Daddy Tate project is now garnering attention and excitement.
Andrew Tate's plans are just as buzzing. He's planning a European tour of his NFT stakes only, and the investors are pretty hyped about that. There might also be appearances on Netflix discussed, all of which make everything rather interesting and full of potential.
It was not so long ago that Tate had just added some $500,000 worth of SOL to his public wallet. By the way, it was previously believed that such actions contributed to a huge amount of speculation about a possible market buy and burn, again driving up the Daddy Tate price. Investors are keenly watching developments for more positive movement in token value.
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