Andrew Tate is back in the high-risk world of decentralized derivatives, despite racking up close to $700,000 in cumulative losses on a single Hyperliquid account.
The former kickboxing champion and controversial influencer saw his leveraged long position on the Trump family–linked World Liberty Financial (WLFI) token liquidated on Tuesday, losing $67,500, according to blockchain data shared by Lookonchain.
Tate, however, wasted little time before re-entering the market. Minutes after the liquidation, he opened another WLFI long position, doubling down on the token despite its rocky debut. The move comes less than two weeks after Tate’s leveraged short on Kanye West’s YZY token was liquidated, adding to his mounting losses.
WLFI, the governance token of Trump-backed World Liberty Financial, launched on major exchanges Monday with an initial surge before crashing 36% from a peak of $0.331 to $0.210. It has since recovered slightly, trading at about $0.242 as of Tuesday morning, according to CoinMarketCap. The token remains down more than 21% from its launch price.
The selloff was fueled in part by a massive unlock event that released 24.6 billion WLFI tokens into circulation. Despite the slump, the Trump family’s locked holdings now amount to roughly $5 billion in paper value, with allocations reserved for Donald Trump and his three sons, Donald Trump Jr., Barron, and Eric Trump.
In an effort to stabilize the token, World Liberty Financial introduced a governance proposal on Monday to direct all protocol-owned liquidity fees toward a buyback-and-burn program. Fees generated from liquidity pools on Ethereum, BNB Chain, and Solana would be used to repurchase WLFI from the market and permanently burn them, effectively reducing supply and potentially increasing demand over time.
For Tate, whose trading losses are beginning to mount in public view, the WLFI bet underscores his appetite for volatility and his willingness to keep backing tokens tied to celebrity-driven projects despite steep risks.
