Tate lose $67.5K for WLFI, quickly open long position again
Andrew Tate don get liquidate $67,500 on one leveraged WLFI long position for Hyperliquid, but e come quick open another long bet. Im trade loss don nearly reach $700,000 over 80 trades with 36% win rate. WLFI, the Trump-linked token, drop from $0.331 to $0.210 after dem unlock 24.6 billion tokens, then e start recover to $0.242 during initial wahala. Tate fast comeback show how risky e be to dey trade WLFI with high leverage. Plus, security researchers dey warn say Ethereum’s EIP-7702 upgrade get vulnerability wey wallet-draining contracts fit use target WLFI holders. All these show say trading WLFI and tokens like am get big risk.
Bearish
Andrew Tate high-profile liquidation and continue loss dem dey draw attention to WLFI extreme volatility and leverage risk. The token crash inside big unlock, plus EIP-7702 related wallet draining exploit, fit wan reduce trader confidence and make dem reduce leverage positions. For short term, this kin things fit cause sell pressure and make pesin dey careful with similar high-volatility tokens. For long term, WLFI recovery depend on proper security patch and buyback moves; until dem fix the weakness, bearish sentiment go continue.