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Andrew Tate’s Crypto Crashes Over 40% After Scam Claims
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Andrew Tate’s Crypto Crashes Over 40% After Scam Claims

For some time now, former kickboxer and social media influencer Andrew Tate has been heavily promoting the Daddy Tate (DADDY) meme currency.

At various times in recent months, the campaign has been marked with success noted as cryptocurrency has achieved various milestones – such as reaching a market capitalization of 120 million dollars in July – and experienced major rallies – such as the Surplus 30 days 100%. in the middle of October.

However, the situation quickly took a turn for the worse on October 19, when popular digital sleuth and Youtuber Stephen Findeisen, better known as coffeezilla – famous for, for example, accusing Sam Bankman-Fried of running a Ponzi scheme weeks before the “crypto winter” began and six months before the FTX crash – published a video accusing Andrew Tate of being a fraud and a con man.

Specifically, DADDY is down 38.45% over the last 30 days, 23.47% in the red in the last trading week, and has tumbled just over 43% since then. Coffeezilla’s the video went live at its press price of $0.08271.

DADDY 30 day price chart. Source: CoinMarketCap

Coffeezilla accuses Andrew Tate of misleading his audience

Coffeezilla examined the influencer’s seemingly ever-changing attitudes toward topics as varied as pornography — Tate is vocally against it despite once operating a webcam sex business — and cryptocurrency — the former kickboxer used to describe the class of assets as a major scam and pledged not to be involved in it.

The YouTuber even accused Andrew Tate of running his primary business as a pyramid scheme, or at least a multi-level marketing (MLM) operation, especially after cryptocurrencies became involved.

In fact, one of the selling points for subscribing and staying subscribed to “The Real World” — once known as Hustler University — is that users can earn “power levels” and eventually get paid for digital assets , per Coffeezilla.

Andrew Tate fires back against Coffeezilla

The digital sleuth also revealed that Tate urged his followers to go on an email offensive and call the YouTuber “gay” in exchange for promised rewards.

Coffeezilla He even shared one of the emails where follower Andrew Tate apologizes but says they are very invested in DADDY and the former kickboxer to pump the meme currency further.

Coffeezilla presents one of the strange attack emails. Source: Coffeezilla’s YouTube channel.

Finally, the YouTuber suggests that the belligerent influencer’s move to crypto may have something to do with the likely financial pressure stemming from protracted legal battle with the Romanian authorities for alleged human trafficking.

Coffeezilla also points out that Andrew Tate promoted several cryptocurrencies, all of which fell sharply after the promotional period ended. Such circumstances indicate that many of the fans of the former kickboxer were left “holding the bag”.

Featured Image:

LCV. Andrew Tate and his brother Tristan Tate, surrounded by bodyguards, leave the Bucharest Court. Digital image. Bucharest, Romania. June 21, 2023. Shutterstock, 12 Aug 2023. Takeover date: November 4, 2024.