Andrew Tate Loses $580,113 in Leveraged ETH Trade

Internet personality Andrew Tate faced a significant setback when his Hyperliquid wallet, linked to his online persona, showed a loss of approximately $600,000 in leveraged funds. This revelation came after Tate had initially claimed a 138% gain on his ETH long position. The loss was discovered by traders who tracked down Tate's Hyperliquid address following his post on X, where he shared his referral code and boasted about his gains. Despite the post being deleted, traders were able to locate his wallet and uncover the substantial loss.

Tate's wallet data, as tracked on Hyperdash, revealed that he had a single perpetual contract, an Ethereum long position leveraged at 25x. His perpetual equity stood at $146,267, with gains initially reported at 138.5% in his deleted post. However, a closer examination of his trading activity showed that his recent gains amounted to $16,721, with an unrealized profit and loss (PnL) of $40,091. When viewed in the context of all his Hyperliquid trades, it became evident that Tate had incurred a total loss of $580,113, far exceeding his recent modest profits.

In response to the discovery, Tate vowed to recover all the lost funds with a single trade. "I’ll make it all back with one trade. Watch this space," he stated. However, traders expressed skepticism about his ability to achieve this feat. Tate's involvement in crypto controversies is not new. In October 2024, YouTube personality Coffeezilla criticized Tate for promoting meme coins like ROOST and DADDY, despite his previous antagonistic stance towards cryptocurrency. This criticism led to a public feud, with Tate doxxing Coffeezilla in retaliation.