Bottom G? Behind Andrew Tate’s $583k trading loss

On-chain analysis platform Lookonchain just revealed influencer Andrew Tate’s performance when it comes to perp trading on Hyperliquid. Out of 76 trades, only 27 generated profit while his losses pile up.

According to Lookonchain’s analysis, the influencer with more than 10 million followers has made 76 trades on the layer 1 decentralized platform that focuses on facilitating perpetual contracts. Out of the total 76 he has conducted, less than 40% of his trades have generated profit.

“Andrew Tate(@Cobratate) doesn’t seem to be good at perps trading,” said Lookonchain in its recent post.

So far, Tate has only gotten 27 “wins” from his Hyperliquid (HYPE) perp trading, while the other 49 trades have resulted in losses for the influencer. The analysis platform concluded that his win rate is only at 35.53%, while his losses on the platform have amounted to more than $583,000.

The former kick-boxer turned social media influencer has recently been under the magnifying glass of several traders in the crypto space ever since the unintended reveal of his Hyperliquid wallet address.

Andrew Tate’s ‘accidental’ wallet reveal

On June 11, the influencer bragged about a 138% gain in his leveraged ETH (ETH) long position. In a now-deleted post, Tate shared the profit percentage notification along with his Hyperliquid referral code. Because Hyperliquid is a decentralized exchange, traders were able to easily uncover his wallet address and scrutinize his trading activity.

Many traders exposed his losses on the platform, highlighting the nearly $600,000 loss in funds that he injected into perpetual contracts. In response, Tate swore that he would be able to win back all his losses through just “one trade.”

According to the wallet’s data on Hyperdash, Tate only has one ongoing perp, which is an Ethereum long position leveraged at 25x. At press time, his perp equity stands at $142,404 with a combined PnL that stands at $4,713 in the past 24 hours.

In the past, the influencer has promoted a string of meme coins projects, including FTRISTAN, TOPG, RNT, ROOST and DADDY. However, most of these tokens have crashed, ROOST plummeting by nearly 100% and DADDY dropping by more than 87%.