Earlier today, internet influencer Andrew Tate shared a post on X, highlighting his enormous profits from a long position in Ethereum on a decentralized platform. The trade was executed with 25x leverage, showcasing Tate's confidence in the market and his ability to manage high-risk trades.
According to the post, Tate's long position in Ethereum had an entry price of 2,515.9 and a mark price of 2,655.3.
Tate's interest in high-risk trading is well documented, with one notable example being his $100 million long position in BTC. On June 8, he took to X to reveal his bold move, boasting: "$100 million in BTC long. Is it my turn?".
Interestingly, Tate's bold bet on Ethereum, which paid off, and Wynn's significant loss highlight the unpredictable nature of leveraged trading. This demonstrates that even the most experienced traders can experience significant gains or losses.
