Crypto Trader Andrew Tate's $500K Loss and His New Venture with Ethereum (ETH)

Social media personality and former professional kickboxer, Andrew Tate, experienced significant losses in his crypto trading venture, with only 27 successful trades out of 76, leading to financial damage exceeding $500K. Despite the loss, Tate remains confident, now investing heavily in Ethereum (ETH) using a 25x leverage.

Currently, this move has rendered a paper profit of approximately $36,500. The losses came to light after Tate's unsuccessful trades were revealed through wallet tracing on the decentralized exchange, Hyperliquid. Known for his involvement in the crypto world, Tate had previously endorsed Bitcoin (BTC) over the American dollar and supported a meme coin named DADDY. The coin's value has since plummeted by 90% since its all-time high in July 2024.