Move over James Wynn, Hyperliquid may have found its next big influencer

Since Hyperliquid burst onto the scene, it has minted new millionaires and made many new paupers, and Andrew Tate appears to be the latest to be joining the fun. 

One of the biggest influencers generating traffic for Hyperliquid has been James Wynn, a self-proclaimed “high-risk leverage trader and memecoin maxi” who claims to have risen from humble beginnings in a crime-ridden UK town and entered the crypto space in 2022.

Despite his considerable recent losses, Wynn is optimistic he will make it all back, a mentality he shares with Andrew Tate, another influencer making big moves on the perpetual futures DEX.

Andrew Tate(@Cobratate) doesn’t seem to be good at perps trading.

He has made 76 trades on Hyperliquid, with only 27 wins — a 35.53% win rate and a total loss of $583K.

He's currently long $ETH with 25x leverage.https://t.co/09Rmkt6BIb pic.twitter.com/8LleWvjVXv

— Lookonchain (@lookonchain) June 12, 2025

Tate’s tumultuous journey on Hyperliquid

Tate seems to have started his trading journey on Hyperliquid at the end of 2024. However, his activity on the platform did not blow up until early June 2025 when Tate shared a post on X showcasing a 138.5% profit on a 25x leveraged Ethereum (ETH) long position.

The trade initially appeared successful, earning him $22,000 in unrealized profits at the time. However, he used high leverage, which made it vulnerable to price fluctuations. It did not take long for blockchain transparency to reveal a less favorable outcome as crypto sleuths were able to trace Tate’s Hyperliquid wallet using his referral code (“TOPGTOPSTRIKER”).

They found that his cumulative profit and loss (PnL) showed a net loss of approximately $597,000–$600,000 across all trades on the platform since he began trading there.

His 25x leveraged ETH position was liquidated after a slight price dip, costing him hundreds of thousands of dollars and forcing him to delete the initial post of him bragging about the 138% gain.

Fast forward to June 8, and Tate shared a post about a potential $100 million Bitcoin (BTC) long position on Hyperliquid, with the caption, “100M BTC long. My turn?”

Many thought the statement was made in reference to James Wynn’s billion-dollar BTC bets on the platform, but there is no direct evidence suggesting this. It is also not yet known if he has executed the trade, and some speculate it was a promotional stunt to drive referral sign-ups.

He later took down the post as well.

Tate insists he plans to make it all back

Tate’s trading losses were revealed when he attempted to earn fees from new user sign-ups by sharing his referral code. Unlike centralized exchanges, Hyperliquid’s on-chain nature makes all trades publicly traceable, and crypto traders were quick to identify Tate’s wallet and expose his $600,000 loss, triggering widespread mockery on X.

As usual, Tate was defiant in the face of the critics, stating, “I’ll make it all back with one trade,” but this did little to quell criticism.

So far, LookOnChain claims Tate has made 76 trades on Hyperliquid and has only had 27 wins — a 35.53% win rate. He’s currently long $ETH with 25x leverage; however, his overall account is still down by nearly $600,000.

Thanks to the volatile markets, it is unclear if his ETH long can end his streak of losses.

While Tate’s posts about Hyperliquid have drawn more attention to the platform, his deleted posts and public exposure have made him a cautionary tale about the risks of leveraged trading and the transparency of DEXs like Hyperliquid.

Now, many on X are waiting to see which runs out first, his ego or his ETH.

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