Andrew Tate shorts Kanye West’s YZY, racks up $700K losses on Hyperliquid
Andrew Tate is back on the memecoin bandwagon but hasn’t nailed the trading game as his wallet approaches losses of $700,000 on Hyperliquid.
Kickboxing champion and controversial influencer Andrew Tate is among the latest celebrities to dive into Kanye West’s newly launched YZY token — but his bets are already deep in the red.
A wallet address linked to Tate has opened a 3x leveraged short position on the recently launched, West-linked YZY token at $0.85 and is currently sitting on a $16,000 loss on the position.
Tate “doesn’t seem to be good at perps trading,” as his cumulative losses are nearing $700,000 on this single Hyperliquid account, wrote blockchain analytics platform Lookonchain in a Friday X post. “So far, he’s made 80 trades on #Hyperliquid — only 29 were profitable (win rate: 36.25%) — with total losses of $699K.”
