I noticed an interesting case in the market—Andrew Tate’s crypto trading status has become a topic of discussion among analysts. The guy fully wiped out his deposit on Hyperliquid and is now being called one of the most unsuccessful traders in the sector. Losses exceeded 800 thousand bucks. He started with an investment of 727 thousand, then tried to recover through referral rewards (75 thousand), but even that money ended up going into liquidation. Less than a thousand dollars remains in his account.

I analyzed his trading history via Arkham—everything there looks bleak. More than 80 trades over the course of several months, with a win rate of just 35.5%. In June he already lost 597 thousand, then in September he was down 67.5 thousand on World Liberty Financial, and in November he held a long on Bitcoin with 40x leverage—this cost him 235 thousand for a single trade. The only upside was in August, with (16 thousand on a YZY short), but that’s just a drop in the ocean. The strategy is clearly aggressive, but without understanding the market.

Tate is far from the only one in this. On the same platform, I’ve seen cases where whales lost tens of millions—James Winn lost 23 million, and another trader lost 43 million in a month. This shows how dangerous margin trading with high leverage is. Even if you’re a celebrity, the market can still wipe you out in just a few minutes. Your account balance can evaporate in an instant if you miscalculate your position entry.