Controversial social media figure Andrew Tate recently caught a lot of heat for touting a “profitable” trade on the decentralized exchange Hyperliquid. In a since-deleted tweet, Tate boasted that his trade netted an impressive 138.5% profit, using the tweet to post his referral link in order to bring aboard new users.
However, unfortunately for him users were quick to point out that on a decentralized platform, wallet behavior is open and trackable. Renowned crypto analyst Daniel was among the first to speak out against the discrepancy. Inquisitive users followed the wallet associated with Tate’s trade and found out the real story.
The wallet is not exactly turning a profit, the wallet was in reality $600,000 in the loss. This brought to light Tate’s assertion as misleading and more than likely a strategy to increase his referral sign-ups.
But instead of backing down, Tate responded confidently, “I’ll make it all back with one trade. Watch this space.” His bold comeback drew mixed reactions, with some calling it confidence and others labeling it as typical internet bravado.
In January, Tate announced a Web3 hackathon on X, featuring the Solana Foundation’s logo. The foundation swiftly responded, issuing a public statement to clarify that it had no involvement with Tate or the event. The move came after Tate’s promotional video sparked confusion about an official partnership.
