A Hyperliquid wallet linked to internet personality Andrew Tate showed that the influencer lost around $600,000 in leveraged funds, despite initially claiming he had a 138% gain in ETH long.
Traders were able to track down the former kickboxer’s Hyperliquid address after Andrew Tate bragged about his 138.5% gain on Hyperliquid (HYPE) and shared his referral code on a recent X post. The post has since been deleted, however it was already too late. Crypto traders were able to find his address in record-time and found that he had lost around $600,00 in leveraged ETH (ETH).
“Andrew Tate just showed his Hyperliquid trade that was 138.5% profitable to promote his ref link. He apparently forgot that it was a DEX, so his wallet was quickly found and discovered that he was $600,000 in the red,” wrote one trader on X upon discovering Tate’s wallet address.
“it was good while it lasted, bye hyperliquid,” said another user.
In response, Tate simply vowed that he would be able to get back all the money he lost in “one trade.” However, traders are doubtful that he can pull it off.
“I’ll make it all back with one trade. Watch this space,” said Tate.
According to the wallet’s data on Hyperdash, Tate only has one one going perp, which is an Ethereum long position that is leveraged at 25x. His perp equity stands at $146,267 While his earlier deleted post showed that it had risen by 138.5%, his gains have since surged to nearly 250%.
Apparently the gains are only apparent when traders zoom into his most recent trading activity. Within the last 24 hours, Tate has managed to reap a modest profit that has now amounted $16,721. He also has an unrealized PnL that stands at $40,091. However, when the chart is pulled back to all Hyperliquid trades, it reveals that the influencer actually lost a total of $580,113. This number far outweighs the current $16,721 profit he managed to accumulate.
Andrew Tate is no stranger to crypto controversies. Back in October 2024, YouTube Coffeezilla criticized Tate for promoting meme coins like ROOST and DADDY after previously displaying an antagonistic attitude towards crypto. Not long after, he began doxxing Coffeezilla for his comments.
