10.06.2025 13:56

Controversial internet personality Andrew Tate suffered a significant financial setback after a highly leveraged cryptocurrency trade went spectacularly wrong. He aggressively entered a 25x long position on ether (ETH) at approximately $2,515.90 per coin, a decision he initially touted on social media. This bold move, fueled by excessive leverage, quickly turned disastrous as the price of ETH dipped, resulting in a substantial loss.

Initially, Tate's post boasted about his trade and included his Hyperliquid referral code, "TOPGTOPSTRIKER," aiming to profit from referral fees. He even showcased a temporary, unrealized profit of 138% on one of his trades, creating a deceptive illusion of success. However, this short-lived euphoria was swiftly replaced by a dramatic downturn. Within a short period, his entire portfolio plunged into a staggering $597,000 loss. Embarrassed by his costly mistake, Tate hastily removed his initial, triumphant posts from his online presence.

Despite the irrefutable evidence of his trades on Hyperliquid's blockchain, all traces of this episode have been scrubbed from Tate's recent X posts. His attempts to recoup his losses proved unsuccessful, highlighting the inherent risks associated with high-leverage trading in volatile cryptocurrency markets. This spectacular failure was meticulously documented by a group of crypto enthusiasts, ensuring that Tate's ill-fated trade will live on in cryptocurrency lore.

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