I recently noticed an interesting case on Hyperliquid—there, a well-known individual completely drained his deposit. The story is about Andrew Tate, who invested $727,000 there. Arkham analysts examined his trading history, and the picture turned out to be grim—all $800,000 in losses, including $75,000 he earned from referrals and then reinvested into new positions.

The most interesting aspect of his status as a trader is the statistics. Out of over 80 trades, only 35.5% were winning. In June, he lost $597,000; then in September, $67,500 on World Liberty Financial; and in November, he opened a long position on Bitcoin with 40x leverage and was liquidated for $235,000 in a single event. He has less than a thousand dollars left in his account. Even his only successful position in August—(a short on YZY with a $16,000 profit)—was offset by the next losing trade.

He is not unique—there are whales on the same exchange who lost between $20 million and $40 million. But his case clearly demonstrates how high leverage works. One wrong entry, and the deposit disappears within minutes. People look at stories like this and understand why margin trading on DEXs is like a casino with very high stakes.