Key Takeaways
- A pockets related to Andrew Tate moved 20,950 HYPE, about $1.87 million, to Binance on Oct. 2.
- Lookonchain places Tate’s whole HYPE revenue at $7.24 million, a 1,317% return on a $550,000 purchase.
- Tate has been liquidated a minimum of 107 occasions on Hyperliquid perps and misplaced over $727,000 in Nov. 2025.
The Sequence
Onchain tracker Lookonchain says the account in question belongs to Andrew Tate, with the pockets (0xfb00…1E9d) having been energetic on Hyperliquid since late 2024.
The general public commerce knowledge for the pockets exhibits it purchased 122,826.9 HYPE on Nov. 29, 2024 at a mean of $4.48, about $549,968 in whole, on the day HYPE started buying and selling. Inside 48 hours, it had bought 41,430 HYPE at a mean of roughly $7.25 for about $300,000, taking again greater than half the price. Many of the relaxation ended up staked.
At press time, HYPE is trading near $88, roughly 20 occasions that entry. Lookonchain places the pockets’s whole revenue on HYPE at $7.24 million, a 1,317% return.
The Transfer, Step by Step
The Binance deposit had been coming for every week, provided that Hyperliquid has a seven-day unstaking queue, so the HYPE that got here out of staking on Oct. 2.
- 10:37 (UTC): 63,367 HYPE left Hyperliquid staking and landed within the pockets’s spot stability.
- 14:14 (UTC): 20,950 HYPE, valued at $1.89 million, was despatched by way of Hyperliquid’s system deal with to the pockets’s HyperEVM facet.
- About an hour later: A single HYPE was despatched as a check switch to a Binance deposit deal with, according to Arkham Intelligence.
- Roughly an hour after that: 20,949 HYPE, about $1.87 million, adopted to the identical deposit deal with.
The pockets’s Hyperliquid spot stability nonetheless exhibits 42,417 HYPE, about $3.7 million at Saturday’s worth.
Different Notable Tate Transactions
The revenue booked this time round is notable since Tate’s document as a leveraged dealer is shaky, to say the least. As an example, in November 2025, his Hyperliquid perpetuals account misplaced its whole stability of greater than $727,000 when bitcoin’s worth slid under $90,000, a run Bitcoin.com Information lined when he was liquidated for the 84th time.
He stored going at it in 2026 and by June, Lookonchain counted 107 liquidations, and a 40x long on 57.36 BTC value him $95,478 when bitcoin’s worth was round $65,257. Arkham additionally recorded him getting liquidated 8 times in 24 hours that month.
His document with tokens he promoted has not been a lot better. As an example, Tate has launched or pushed quite a few memecoins comparable to Daddy Tate (DADDY), Roost and Germany Token, over the previous 12 months. All of those belongings crashed amid insider buying and selling allegations, with HYPE being the one exception (however then once more, it’s a token he merely purchased after which bought/staked).
