Kickboxing and controversial influencer Andrew Tate is among Kanye West’s latest celebrities who dive into the newly launched Yzy token – but his bets are deep in red.
A purse address linked to Tate opens a 3x leveraged short The position in the recently launched, West-Linked Yzy token at $ 0.85 and currently sits at a $ 16,000 loss in position.
Tate “seems to be not good at Perps trading,” because his combined -joint losses are near $ 700,000 in this single Hyperliquid Account, Write Blockchain Analytics Platform LookonChain on a Friday X Post. “So far, he has made 80 trading in #HyperLiquid – only 29 earns (Win Rate: 36.25%) – with a total losses of $ 699K.”
The yzy token is launched In Solana on Thursday of the rapper, with the top 13 wallets spreading a total of $ 24.5 million as they threw the token, which sparked 1,400% within the first hour before falling more than 74% ever since.
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With the growing interest of the celebrity in cryptocurrencies, more influencers realize the losses, showing that not all financial advice or investment endorsements should be treated evenly.
Loss of trade comes within a year after Tate has been Allegations of trading of insider In connection with his memecoin, Dad Tate .
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Most Andrew Tate-Endorsed Memecoins crashed 99%
Tate joined the waves of celebrities who jumped to Solana Memecoin Bandwagon On June 7, which endorsed more than 10 tokens known for having no intinsic value.
Most tokens disappeared around 99% of their value shortly after Tate’s endorsement, with many tokens allegedly up to 30% insider supply, bubbles warned of an x Post In October 2024.
These include roost (roost), the Germany token (GER), Fuck Tristan (Ftristan), Topg (Topg), RNT (RNT) and Daddy Tate (Dad).
Over 30 tokens sponsored by the celebrity Launched in Solana in June 2024 and found prices falling at least 73.23%.
Other celebrities who promoted Solana -based tokens included 50 Cent, Caitlyn Jenner, Iggy Azalea and Soccer Legend Ronaldinho Gaúcho.
UFC contender Khamzat chimaev-link that smash (smash) token was also hit by allegations in the insider after it was announced that up to 78% of the token supply was purchased by teams related to the developer, Cointelegraph reported in July 2024.
Three days after the launch of the token, Manager of Chimaev.
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