Andrew Tate Loses $700,000 on YZY Token Short Position

Controversial influencer and kickboxer Andrew Tate has suffered substantial losses following his foray into Kanye West’s newly launched YZY token. Tate opened a 3x leveraged short position on the token at a price point of $0.85, leading to a current loss of around $16,000. Blockchain analytics platform Lookonchain reported that Tate has incurred cumulative losses exceeding $700,000 from these trades.