Andrew Tate Gets Liquidated for $67K on WLFI, Immediately Bets Again With a Long Position
Andrew Tate misplaced $67,500 on a leveraged WLFI place on Tuesday, then instantly opened one other lengthy guess on Trump’s crypto token.
The controversial influencer’s liquidation on Hyperliquid extends his buying and selling losses to just about $700,000 throughout 80 trades with simply a 36% win charge.
Tate reopened his WLFI place inside minutes of the liquidation, persevering with his sample of high-leverage crypto betting regardless of the broader market downtime.
The setback follows a uncommon $16,000 revenue from shorting Kanye West’s YZY token two weeks earlier at 3x leverage.
Trading Record Shows Consistent Losses
Blockchain analytics agency Lookonchain reported Tate’s WLFI place was liquidated six hours earlier than their Tuesday morning replace, wiping out his $67,500 funding.
Within minutes of the liquidation, Tate had reopened a lengthy place on WLFI, betting once more on the token’s value appreciation regardless of the recent loss.
His newest WLFI guess occurred sooner or later after the Trump family-tied token started buying and selling on main exchanges Monday, ending months of private-only gross sales.
The token crashed from $0.331 to $0.210 inside hours as 24.6 billion newly unlocked tokens entered circulation.
By Tuesday morning, WLFI recovered barely to commerce above $0.242, although it remained over 21% beneath its launch value in keeping with CoinMarketCap knowledge.
Tate’s liquidation occurred throughout this preliminary volatility interval, along with his leveraged place eradicated as costs fell beneath his entry level.
The WLFI loss continues a troubling sample on Hyperliquid, the place solely 29 of his 80 trades have generated income, leading to $699,000 cumulative losses.
His August quick on YZY at 3x leverage stands as a uncommon worthwhile place amongst his dropping streaks.
Earlier in June, Tate additionally held a 25x leveraged lengthy place on Ethereum, although blockchain analysis later revealed the commerce resulted in steep internet losses regardless of his claims of 138.5% revenue.
Before his energetic engagement in buying and selling, the previous kickboxer beforehand launched his personal meme token, Daddy Tate ($DADDY), on Solana, which reached a $124.57 million market cap in July 2024 earlier than collapsing and was later dubbed as one other influencer rip-off challenge.
Technical Vulnerabilities Compound Market Risks
While Tate battles private buying and selling losses, WLFI itself faces systematic safety threats that would have an effect on its long-term viability and add important complexity for holders and energetic merchants.
Security researchers at SlowMist recently identified coordinated attacks targeting WLFI token holders by way of important vulnerabilities in Ethereum’s EIP-7702 improve applied in May.
The report reveals that hackers have systematically exploited the improve’s delegation options to put in malicious good contracts that routinely drain wallets containing WLFI and different tokens upon receipt.
Over 97% of EIP-7702 delegations have been linked to an identical wallet-draining contracts designed particularly to brush incoming funds, creating widespread dangers for token holders.
These technical issues compound WLFI’s present market challenges, because the token continues buying and selling greater than 21% beneath its launch value.
Meanwhile, the Trump household’s paper wealth reportedly surged by $6 billion on WLFI’s trading debut, with the household controlling almost 25% of all tokens by way of locked holdings.
World Liberty Financial proposed a token buyback and burn program utilizing protocol charges to create synthetic demand, though particular particulars about charge quantities or implementation timelines weren’t talked about.
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