I noticed an interesting case in the market — a well-known trader completely wiped out his deposit on Hyperliquid. He started with $727,000 and finished with $984. In just a few months, Andrew Tate lost about $800,000. Blockchain analysts from Arkham examined his trading history — it turned out to be quite grim.

Interestingly, the guy even tried to recover through the referral program. He earned $75,000 from referrals but instead of withdrawing the money, he sent it all back into trading. And he lost again. Andrew Tate’s portfolio situation worsened even more. Analyst Param noted that there was less than a thousand dollars left in his account.

His trading history is just a continuous string of failures. A loss of $597,000 in June, then $67,500 on WLFI, then $235,000 all at once on Bitcoin with 40x leverage. Out of more than 80 trades, only 35.5% were profitable. Andrew Tate’s account status reflects aggressive risk-taking and poor timing. One analyst even wrote that he might be one of the worst traders in crypto.

But he’s not alone in this. On the same platform, James Winn lost $23 million, Qwatio — $25.8 million, another whale 0xa523 — a total of $43.4 million in a month. This shows how dangerous margin trading on decentralized exchanges can be. Leverage of 40x or 50x is not a tool for earning; it’s a roulette wheel. Andrew Tate’s situation is just the clearest example of how quickly you can lose everything if you don’t understand what you’re doing.