Andrew Tate, the former kickboxing champion turned crypto trader, just took another major hit. His long bet on World Liberty Financial’s WLFI token was liquidated Tuesday morning, wiping out $67,500 on decentralized exchange Hyperliquid. The WLFI token is tied to the Trump family’s new DeFi project, which started trading earlier this week.
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The liquidation adds to a growing string of bad trades for Tate. His account on Hyperliquid has now racked up nearly $700,000 in total losses. Only two weeks ago, he lost big on a leveraged short position in Kanye West’s YZY token.
Andrew Tate Opens Another Position
Despite the setback, Tate is not backing down. Blockchain data shows that he immediately opened another long bet on WLFI, doubling down in hopes of a rebound. The move shows his willingness to keep taking big risks, even as losses pile up.
WLFI’s early trading has been volatile. The token fell about 36% from a high of $0.331 to a low of $0.210 after its launch. It later recovered slightly to trade just above $0.24, but it is still down more than 21% since listing.
Trump Family Expands WLFI Holdings
The WLFI launch also came with a major unlock of 24.6 billion tokens. This pushed the Trump family’s holdings to around $5 billion. The project has said these allocations will remain locked for the founders, which include Donald Trump, Donald Trump Jr., Barron Trump, and Eric Trump.
This large supply increase added pressure on the token price during its first trading sessions, making it even tougher for traders like Tate to stay profitable.
WLFI Floats Buyback Proposal
In response to the steep drop, World Liberty Financial issued a new governance proposal. The plan suggests using all protocol-owned liquidity fees across Ethereum (ETH-USD), BNB Chain (BNB-USD), and Solana (SOL-USD) to buy back WLFI tokens from the open market. Those tokens would then be burned to reduce supply and create more demand.
Community members have shown early support for the proposal. However, the plan does not specify how much in fees the platform is actually generating, which makes it difficult to estimate the impact of the buybacks on WLFI’s price.
For now, traders like Tate are betting that WLFI will bounce back, even after a shaky start. Especially given the Trump family backing, a buyback plan on the table, and speculation fueling trading activity, the token could stay volatile in the days ahead. But, as Tate’s $67,000 loss shows, betting on WLFI comes with serious risks.
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