Influencer and public figure, Andrew Tate, recently took to X to flaunt what appeared to be an exceptionally successful Ethereum trade on the decentralized exchange Hyperliquid.
The post showcased a 138.5% return on equity (ROE) from a $408,000 long position on ETH, which was opened using 25x leverage.
The trade reflected a strong directional bias toward the long side and initially appeared to validate Tate’s trading skills.
The impressive figures caught attention, as he seemingly used the post to promote his referral link, aiming to draw attention to the platform and encourage followers to engage in similar high-leverage activity.
Public Wallet Analysis Reveals Massive $600K Loss
Shortly after Andrew Tate posted his winning trade, blockchain sleuths traced the transaction back to his wallet, since Hyperliquid is a decentralized exchange, wallet addresses and trade histories are transparent.
The reality was far less glamorous: the wallet tied to Tate was found to be down approximately $597,302.89 in total.
Despite one high-performing position, his overall trading history showed deep losses across other trades.
The exposed data included a total position value of $408,056.57, with only $88,240.31 remaining as withdrawable funds, revealing heavy drawdowns from prior trades.
Also Read: Hyperliquid Hits Record $548M Weekly Inflow From May 5–11; $HYPE Surges Past 20%
Leverage and Volatility Expose the Risks Behind the Hype
The incident highlights the inherent risks associated with high-leverage trading in decentralized finance (DeFi).
Although the showcased 138.5% profit was technically real, it existed in a vacuum, one successful trade amid many losing ones.
Tate’s use of 25x leverage inflated potential profits, but also dramatically increased exposure to downside risks.
The broader picture paints a cautionary tale: high returns on isolated trades can be used for social media clout, but they may not reflect the full financial reality.
In this case, the 138% win masked a nearly $600,000 cumulative loss.
Tate Deletes Post as Community Reacts to Exposure
Following the exposure of his wallet and the revelation of his losses, Andrew Tate deleted the original X post promoting his Hyperliquid trade.
The crypto community responded swiftly, with many criticizing the misleading nature of selectively sharing wins while concealing broader losses.
However, he has made an optimistic post on X stating that he will recover the funds that have been lost.
The episode has drawn comparisons to other recent high-profile trades on Hyperliquid, including the $100 million loss by trader James Wynn.
Both cases underline how volatile and unforgiving the DeFi trading landscape can be, where public perception and actual performance often diverge sharply.