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Highlights
- Andrew Tate mints 138% profit on his ETH long position on Hyperliquid.
- This contrasts with James Wynn's $100 million loss.
- While Wynn slams Hyperliquid's referral program, Tate shares a referral code.
The latest trading tales of Hyperliquid whales like Andrew Tate and James Wynn underscore that fortunes can be made and lost in the blink of an eye in the DeFi space. Andrew Tate’s recent X post highlights a staggering 138.5% gain on an Ethereum long position with 25x leverage on Hyperliquid. This impressive trade starkly contrasts with the massive $100 million loss suffered by James Wynn, another prominent trader on the platform.
Andrew Tate Makes 138% Gain on ETH Long Position
Earlier today, internet influencer Andrew Tate shared an X post, emphasizing his massive profits on an Ethereum long position on the decentralized platform, Hyperliquid. The trade was executed with 25x leverage, demonstrating Tate’s confidence in the market and his ability to navigate high-risk trades.
According to the post, Tate’s Ethereum long position had an entry price of 2,515.9 and a mark price of 2,655.3. His post also included a referral code for joining Hyperliquid, sparking interest among potential traders. This further solidifies Tate’s influence in the DeFi community. Tate’s successful trade has garnered significant attention, with many traders and followers taking note of his market moves and strategies.
Tate’s appetite for high-risk trades is well-documented, with a notable example being his $100 million BTC long position. On June 8, he took to X to reveal his bold move, boasting “100M BTC long. My turn?”
Contrasting Fortunes of Andrew Tate and James Wynn
Significantly, the contrasting results of Andrew Tate and James Wynn’s Hyperliquid trading showcase the inherent risks and extreme volatility involved in leveraged trading. While Tate secured a substantial gain on his ETH long position, Wynn is still haunted by his $100 million loss on Bitcoin Bets. In addition, Wynn liquidated his entire Hyperliquid (HYPE) tokens after experiencing the loss.
After facing this massive loss, Wynn has been critical of Hyperliquid’s referral program, claiming it lacks competitiveness. He stated,
I made $34,000 through referrals on their platform. Which is extremely poor considering the number of sign ups and volume I generated. Their referral program sucks. Other platforms have far better.
In contrast, Tate, in his recent post, shared a referral code, inviting more traders’ attention. This also fuels the differing experiences of the Hyperliquid whales.
Interestingly, Tate’s bold bet on Ethereum that paid off handsomely and Wynn’s massive loss highlight the unpredictable nature of leverage trading. This shows that even seasoned traders can experience significant gains or losses.
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