Michaela
Former kickboxer and online entrepreneur Andrew Tate has suffered a $65,000 loss on a leveraged position in the Trump-backed World Liberty International (WLFI) token, then quickly reopened a long position, pushing his cumulative trading losses to $700,000.
Key points:
- Andrew Tate’s WLFI trades were liquidated on Hyperliquid, extending his total losses to nearly $700,000 across 80 trades.
- The Trump family’s WLFI holdings surged past $5 billion after a major token unlock, despite earlier pledges to keep their tokens locked.
- World Liberty Financial proposed a buyback-and-burn program, using protocol fees to reduce supply and potentially boost WLFI’s long-term value.
On Tuesday, Andrew Tate’s leveraged long position on the WLFI token was liquidated on the decentralized exchange Hyperliquid. Blockchain analytics firm Lookonchain reported that he immediately reopened a position, continuing to bet on the token’s price rebound despite the initial loss.
Tate’s latest liquidation on Hyperliquid brings his cumulative trading losses to nearly $700,000 across 80 trades, with a win rate of just 36%. The loss followed a rare $16,000 gain from a 3x leveraged short position on Kanye West’s YZY token.
The WLFI token had just launched on major exchanges on Monday, ending months of private-only sales, when Tate placed his latest trade. President Donald Trump and his family’s stake in World Liberty Financial’s WLFI token has surged past $5 billion after the token’s recent unlocking. The project also announced plans to direct all protocol fees toward token buybacks and burns, a strategy aimed at reducing supply and potentially boosting long-term value.
World Liberty had previously pledged that the holdings of its founders, including President Trump and his sons Donald Jr., Barron, and Eric, would stay locked. However, after Monday’s token release, the Trump family’s stake is now estimated at around $5 billion, based on WLFI’s current market price.
Soon after unlocking WLFI tokens, World Liberty Financial introduced a governance proposal to establish a buyback-and-burn program. Under the plan, all protocol fees generated from the platform’s liquidity positions on Ethereum, BNB Chain, and Solana would be used to repurchase WLFI from the open market and permanently retire the tokens from circulation.
The unfolding story around World Liberty Financial ties together high-profile figures from politics and pop culture, with the Trump family’s multibillion-dollar WLFI stake coinciding with Tate’s mounting trading losses on the same token. Together, these developments emphasize both the outsized opportunities and steep risks tied to emerging crypto projects, underscoring how quickly fortunes can rise or fall in the digital asset arena.
Read More
- UAE Firm Buys $100M Stake in Trump-Backed World Liberty Financial Token
- Trump Family Cuts Stake in World Liberty Financial to 40%
- Justin Sun Expands Investment in Trump-Led WLFI
Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
