Blockchain analysis of Andrew Tate’s trading activity on decentralized exchange Hyperliquid has exposed a significant loss of approximately $580,000, contradicting his public claims of substantial gains.
Tate promoted a leveraged long position on Ethereum (ETH), asserting a 138.5% profit. However, scrutiny of his publicly identifiable wallet, linked through his promotion of a Hyperliquid referral code, revealed cumulative losses totaling around $580,113.
The crypto community reacted with skepticism, highlighting the inherent risks of Tate’s high-leverage strategy, including reported 25x positions. The transparency of decentralized exchanges facilitated this verification.
This incident adds to Tate’s history of controversial crypto engagements, which includes promoting meme coins after previously criticizing cryptocurrencies.
The situation underscores the critical importance of risk management and transparency, particularly for influencers engaged in leveraged crypto trading on public platforms.