I just came across a wild case on Hyperliquid. A guy lost $800,000 over a few months of trading. He started with a deposit of $727,000, then tried to recover through referrals ( and received $75,000), but in the end, he lost it all. There’s less than a thousand dollars left in his account. Andrew Tate’s situation is ultimately complete liquidation.

What’s interesting is that it’s not just bad luck. The guy made over 80 trades, but his win rate was only 35.5%. In June, he lost $597,000; in September, he opened a long position on WLFI and lost another $67,500. The most painful moment was November 14th, when he held a long position on Bitcoin with 40x leverage and got liquidated for $235,000. The only positive was in August — a short on YZY brought in $16,000, but he still lost everything afterward.

Overall, Hyperliquid is full of stories like this. James Winn lost $23 million, Qwatio drained $25.8 million, and there’s another whale, 0xa523, who lost $43.4 million in a month. This shows how dangerous high-leverage margin trading on decentralized exchanges can be. Even experienced market players are not immune to volatility. Account balances can change in just a few minutes.