Andrew Tate Loses Big on Kanye West’s YZY Token Launch

Former kickboxer and influencer Andrew Tate suffered significant losses after shorting Kanye West’s new YZY token, according to blockchain data. Tate’s losses total approximately $16,000 after placing a 3x leveraged short position on the trading platform Hyperliquid. This follows a pattern of Tate’s past crypto ventures, where investments in memecoins have frequently resulted in substantial financial setbacks. Analysis reveals Tate’s cumulative losses on this account approach $700,000 with only 36% of trades proving profitable.