Short squeeze alert for Andrew Tate’s crypto (DADDY)
Daddy Tate (DADDY), the Solana-based meme coin tied to controversial internet personality Andrew Tate, has staged a sharp rebound after tumbling to a new all-time low earlier this month. At the time of publication, DADDY is trading at $0.02686, up 10.52% in the past 24 hours. Its market capitalization has grown from $14.4 million to $16.05 million, adding nearly $2 million in value overnight. Daddy Tate 1-day price chart. Source: Finbold The recovery comes after Andrew Tate’s crypto sank to $0.02008 in early July, a level that attracted bargain hunters and appears to have set the stage for a short squeeze. Daddy Tate coin short squeeze A short squeeze occurs when a heavily sold asset experiences a sharp price reversal, forcing traders who had bet against it to buy back their positions, which in turn drives the price higher. In DADDY’s case, the combination of low liquidity and concentrated whale holdings, with the top 10 wallets contro...