Andrew Tate's Crypto Trading Disaster: Only 35% Win Rate, $583K in Losses!

Holy smokes, folks! The on-chain sleuths at Lookonchain just dropped a bombshell about Andrew Tate's wild ride in the world of perp trading on Hyperliquid. Brace yourselves, because out of a whopping 76 trades, this influencer with a massive 10 million-strong following has only managed to turn a profit on 27 of them. Talk about a rough go!

Lookonchain's deep dive reveals that Tate's been swinging for the fences on this layer 1 decentralized platform, where perpetual contracts are the name of the game. But despite his best efforts, less than 40% of his trades have actually paid off. Ouch!

"Andrew Tate(@Cobratate) doesn't seem to be good at perps trading," Lookonchain bluntly stated in their recent post. No sugarcoating here, folks!

Andrew Tate(@Cobratate) doesn't seem to be good at perps trading. He has made 76 trades on Hyperliquid, with only 27 wins — a 35.53% win rate and a total loss of $583K. He's currently long $ETH with 25x leverage.

So far, Tate's only managed to bag 27 "wins" from his Hyperliquid (HYPE) perp trading adventures, while the other 49 trades have left him licking his wounds. Lookonchain's analysis paints a grim picture, with a measly 35.53% win rate and a staggering $583,000 in losses piling up on the platform.

This former kick-boxer turned social media sensation has been under the crypto community's microscope ever since his Hyperliquid wallet address got accidentally exposed. And let me tell you, traders have been having a field day dissecting his every move!

Andrew Tate's 'Accidental' Wallet Reveal

On June 11, Tate couldn't contain his excitement about a 138% gain in his leveraged ETH long position. But in a now-deleted post, he shared the profit percentage notification along with his Hyperliquid referral code. Little did he know that this decentralized exchange would make it a breeze for traders to uncover his wallet address and put his trading prowess under the microscope.

And boy, did they ever! Traders were quick to expose his massive losses on the platform, pointing out the nearly $600,000 he's poured into these perpetual contracts. In response, Tate boldly declared that he'd win back all his losses with just "one trade." Talk about confidence!

According to the wallet's data on Hyperdash, Tate's currently got just one perp going, and it's an Ethereum long position with a whopping 25x leverage. At press time, his perp equity stands at $142,404, with a combined PnL of $4,713 in the past 24 hours. Fingers crossed, right?

But wait, there's more! In the past, this influencer has been hyping up a whole slew of meme coin projects, from FTRISTAN to TOPG, RNT, ROOST, and DADDY. But here's the kicker: most of these tokens have tanked hard. ROOST plummeted by nearly 100%, while DADDY took a nosedive of over 87%. Yikes!