Andrew Tate (R) and his brother Tristan Tate. Photo: LCV/Shutterstock
The falling crypto prices are causing huge unrest among investors. More than $2 billion went up in smoke and for now there seems to be no end to the misery. Even Andrew Tate, the controversial internet personality, saw his entire crypto fortune on the platform Hyperliquid disappear.
Blockchain data shows that his entire investment was liquidated last Tuesday when the price of bitcoin fell below the 78,000 euro mark.
Crypto Liquidations #
According to an analysis by Arkham Intelligence, Tate lost everything he deposited on Hyperliquid. In total, it was more than 630,000 euros in deposits and another 65,000 euros in referrals. Even his income from referrals, which he earned because followers started trading through his link, has evaporated.
The influencer had earlier called that bitcoin would fall to 20,000 euros. However, he did not take any profit before this correction.
BITCOIN IS GOING TO $26,000
Since December 2024, it was already visible that Tate was trading extremely risky. At that time, multiple long positions on, among others, bitcoin, ethereum and solana were liquidated simultaneously. Tate consistently chose high leverage, sometimes up to 40 times, meaning small price movements were enough to wipe out profits.
Arkham wrote that Tate made no withdrawals and that his balance was completely wiped out by forced liquidations. These liquidations took place when bitcoin hit its lowest point of 77,400 euros in seven months on Tuesday. The BTC price has now collapsed to $82,895, converted to 71,959 euros.
Financial Independence #
Tate has long presented himself as a proponent of financial independence and has used crypto in recent years as part of that message. However, his earlier involvement already had setbacks. In 2023, Romanian authorities seized various assets, including bitcoin wallets. After he regained access to social media, he focused more on crypto, openly talking about trading bitcoin and altcoins.
His visible portfolio now consists mainly of ethereum, solana, USDC and relatively smaller altcoins. Arkham estimates this value at about 190,000 euros. This is a stark contrast to a peak above 10 million euros during the rally at the end of 2024.
Risky Leverage #
Hyperliquid is a fast-growing decentralized derivatives exchange where traders can open leverage positions without the intervention of a central party. The liquidations are processed completely automatically via smart contracts. This attracts many active traders, but during extreme price movements, positions can be wiped out in an instant.
Tate made his trades public and turned his account into a public stage. The transparency of Hyperliquid, where every position is visible on-chain, did the rest. His 630,000 euros is gone and the referral earnings are gone. The consequences are clearly visible: Tate now belongs to the worst-performing traders on the platform with a profit percentage of only 35.5 percent.