Andrew Tate's Hyperliquid Wallet Exposed: $600K Loss Contradicts Earlier Trading Claims

Internet personality Andrew Tate’s foray into leveraged crypto trading on Hyperliquid (HYPE) has become a cautionary tale for the crypto community after his wallet address was publicly identified and analyzed by traders.

The Initial Promotion and Swift Discovery

Tate had posted on X about securing a 138.5% gain on his Hyperliquid ETH long position while simultaneously sharing his referral code to drive traffic. The post, which has since been removed, inadvertently exposed his on-chain trading activity to the public. Because Hyperliquid operates as a DEX where all transactions are transparent and traceable, crypto community members were able to quickly locate and audit his complete trading history.

One observer on X noted: “Andrew Tate just showed his Hyperliquid trade that was 138.5% profitable to promote his ref link. He apparently forgot that it was a DEX, so his wallet was quickly found and discovered that he was $600,000 in the red.” The revelation sparked widespread commentary, with another user sardonically remarking: “it was good while it lasted, bye hyperliquid.”

The Real Picture: Losses Outweigh Recent Gains

When traders examined Tate’s complete trading record on Hyperdash, the narrative shifted dramatically. While Tate currently maintains a single perpetual position—an Ethereum long leveraged at 25x with $146,267 in perp equity—the cumulative performance tells a different story.

His most recent trading activity shows modest gains of approximately $16,721 within the last 24 hours, with an unrealized PnL of $40,091. However, when examining his entire Hyperliquid trading history, the account reveals a total loss of $580,113. This substantial drawdown demonstrates that his recent gains pale in comparison to his overall trading losses.

Notably, when zoomed into his latest positions, the unrealized gains on his current ETH long have climbed to nearly 250%—a significant recovery from when his deleted post initially claimed 138.5% profits. Yet this current position performance cannot offset the accumulated losses from his trading history.

Promise of Recovery

When confronted with evidence of his trading losses, Tate pledged to recover all lost funds in a single trade, stating: “I’ll make it all back with one trade. Watch this space.” The claim was met with skepticism from the trading community, with many doubting whether a single leveraged position could offset such substantial cumulative losses.

Broader Context of Crypto Engagement

This incident is not Tate’s first brush with crypto-related controversy. In October 2024, YouTube creator Coffeezilla publicly criticized Tate for promoting meme coins including ROOST and DADDY—criticisms that appeared inconsistent with Tate’s previously stated skepticism toward cryptocurrency. The subsequent conflict escalated when Tate engaged in confrontational behavior with Coffeezilla.

The Hyperliquid wallet exposure adds another chapter to Tate’s contentious relationship with the crypto community, raising questions about the pitfalls of leveraged trading and the permanence of blockchain transaction history.