Andrew Tate, the former kickboxer turned online entrepreneur, has made a $16,000 gain by shorting Kanye West’s meme token YZY.
According to blockchain analytics firm Lookonchain, Tate opened a three-times leveraged short position at $0.8524. With the token now hovering around $0.77, his trade is in profit as the coin continues to slide.
Tate’s trading record
Although his latest bet worked in his favour, Tate’s broader record in crypto trading is less impressive.
Data from Hyperliquid, a decentralised exchange for perpetuals, shows he has made 80 trades to date. Only 29 of them were profitable. His win rate stands at 36.25%, with overall losses close to $699,000.
That patchwork record highlights just how volatile his strategy really is. Tate has marketed himself as the definitive power player in digital assets, yet the reality is that his trades tend to leave more bruises than trophies.
Loss reports, leak risks, and settling lawsuits keep bumping his bullish narrative off the stage.
YZY exploded and then collapsed in the same breath. Market rumours and a sage tweet from a red-capped icon pushed the coin up $3 billion before the sizzle turned to spit.
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Forty minutes later, the dream peak evaporated, and reports of sudden liquidations started surfacing. Price charts no longer look like the vertical ascents Tate preaches; they look like the ECG of a caffeinated corpse.
In the past 24 hours alone, YZY has dropped about 23% to $0.7743, with its market value shrinking to around $100.3 million.
The rapid swings have mirrored the behaviour of many celebrity-linked tokens. They often attract early speculation, post sudden peaks, and then crash as hype cools.
Insider concentration
Behind the scenes, ownership of YZY has raised further concerns. Blockchain records show more than 94% of the supply was in insider hands at launch.
A single multisig wallet controlled 87% of the coins before outside traders had a chance to buy in.
Some insiders walked away with major profits. One wallet known as “6MNWV8” invested 450,611 USDC for 1.29 million tokens at $0.35 each. That wallet sold most of its holdings for 1.39 million USDC and still holds about $600,000 worth of YZY.
Another large holder spent 12,170 SOL, equal to $2.28 million, to acquire 2.67 million tokens and currently holds an unrealised gain of about $6 million.
Tate’s own token history
Tate is no stranger to meme tokens himself. His Daddy Tate ($DADDY) token launched on Solana in 2024, briefly reaching a $124.57 million market cap. A year later, it had collapsed to $17.79 million.
Blockchain data later revealed that 11 wallets scooped up 20% of the supply just before Tate began promoting the project.
He also promoted Andrew Tate’s Dog ($G), another short-lived token that followed the same hype-driven path. Critics argue that these projects relied on celebrity attention rather than any lasting value or engaged community.
Also Read: Kanye West Plans To Launch $YZY Memecoin A Week After Dismissing Any Token Launch Rumours