Tate Loses $67.5K on WLFI, Quickly Reopens Long Position
Andrew Tate was liquidated for $67,500 on a leveraged WLFI long position on Hyperliquid, then immediately reopened another long bet. His trading losses now total nearly $700,000 across 80 trades with a 36% win rate. WLFI, the Trump-linked token, plummeted from $0.331 to $0.210 following a 24.6 billion token unlock, later recovering to $0.242 amid initial volatility. Tate’s rapid reentry highlights the risks of high-leverage trading on WLFI. Compounding these market dangers, security researchers warn that Ethereum’s EIP-7702 upgrade contains vulnerabilities exploited by wallet-draining contracts targeting WLFI holders. These factors underline heightened trading hazards for WLFI and similar tokens.
Bearish
Andrew Tate’s high-profile liquidation and continued losses draw attention to WLFI’s extreme volatility and leverage risks. The token’s crash amid a massive unlock, coupled with EIP-7702-related wallet-draining exploits, is likely to erode trader confidence and prompt reduced leverage positions. In the short term, these events may trigger sell pressure and caution in similar high-volatility tokens. Long term, WLFI’s recovery depends on effective security patches and buyback initiatives; until vulnerabilities are addressed, bearish sentiment is expected to persist.