Inside his leveraged crypto liquidation meltdown

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Andrew Tate deposited $727,000 into Hyperliquid over the past year, took no withdrawals, and lost the entire stack through a relentless series of leveraged liquidations that culminated on Nov. 18, when his account hit zero. Per Arkham’s on-chain ledger, even the roughly $75,000 in referral commissions Tate earned from bringing traders onto the platform was traded back into positions and liquidated. The saga offers a case study in how high leverage, low win rates, and reflexive doubling-down can turn a six-figure bankroll into a public spectacle, especially when the trader broadcasts every entry and deletion on social media. Tate’s Hyperliquid activity spans nearly a year, with the first documented cluster of forced closes landing on Dec. 19, 2024. That day saw multiple long positions across BTC, ETH, SOL, LINK, HYPE, and PENGU liquidated simultaneously, according to Arkham’s trade history review. The pattern that would define the next eleven months was already visible: high leverage on directional crypto bets, minimal risk management, and a preference for re-entering losing trades at higher multiples rather than cutting exposure. The June ETH gamble and the running tally The most public implosion came on June 10, when Tate posted about a 25x leveraged long on ETH around $2,515.90, bragging about the size and conviction behind the trade. Hours later, the position was liquidated and the post deleted. The next day, Lookonchain published a dashboard snapshot linking a Hyperliquid tracker address to Tate, showing 76 trades, a 35.53% win rate, and approximately $583,000 in cumulative losses. That win rate, barely one in three, meant Tate needed his winners to outsize his losers to break even substantially. They did not. The transparency of Hyperliquid’s order book and settlement layer meant every entry, every margin call, and every liquidation was visible to anyone watching the address. Tate’s habit…