On-Chain Analysis of Andrew Tate’s Perp Trading

On-chain analysis platform Lookonchain recently revealed the performance of influencer Andrew Tate in perpetual trading on Hyperliquid. Out of 76 trades, only 27 were profitable, leading to significant losses.

According to Lookonchain’s findings, Tate, who boasts more than 10 million followers, executed 76 trades on this layer 1 decentralized platform specializing in perpetual contracts. Remarkably, less than 40% of these trades yielded a profit.

> Lookonchain: “Andrew Tate(@Cobratate) doesn’t seem to be good at perps trading.”
> He has completed 76 trades on Hyperliquid, achieving only 27 wins, resulting in a win rate of 35.53% and overall losses amounting to $583K.
> He is currently maintaining a long position on $ETH at 25x leverage.

As of now, Tate’s trading record shows 27 successful trades, while 49 resulted in losses. The analysis indicated his win rate stands at a mere 35.53%, with losses totaling more than $583,000.

The former kickboxer turned social media personality has caught the attention of many traders in the crypto market following the unintentional disclosure of his Hyperliquid wallet address.

Andrew Tate’s ‘Accidental’ Wallet Reveal

On June 11, Tate claimed a 138% gain on his leveraged ETH long position. In an now-deleted post, he shared this profit notification alongside his Hyperliquid referral code. Due to the decentralized nature of Hyperliquid, traders easily uncovered his wallet address and began to analyze his trading record.

It was noted that Tate experienced substantial losses, approaching $600,000, from his investments in perpetual contracts. In defense of his trading performance, he insisted he would recover all his losses with just “one trade.”

Data from his wallet on Hyperdash reveals he currently holds one ongoing perpetual trade, a long position on Ethereum leveraged at 25x, with an equity of $142,404 and a combined profit and loss of $4,713 over the past 24 hours.

Previously, the influencer has endorsed various meme coin projects, including FTRISTAN, TOPG, RNT, ROOST, and DADDY. However, most of these tokens suffered significant declines, with ROOST dropping nearly 100% and DADDY plummeting by over 87%.