Controversial figure Andrew Tate profited from a leveraged short bet on YZY MONEY (YZY), a meme coin tied to rapper Kanye West. While his 3X short position saw a significant jump, leaving him with an unrealized profit of $41,575.82 after the token’s steep price drop, many other traders also entered and exited at different points. This marks another speculative investment by Tate in celebrity-backed tokens, following a controversial past with his own DADDY token which sparked controversy. While some saw significant gains from the token’s initial surge, others faced losses as the price quickly reversed course. High-profile traders including Arthur Hayes of BitMEX and James Wynn, also jumped on the hype surrounding the celebrity-backed token but later unloaded their holdings, leaving many smaller investors in loss. 13 wallets collectively reaped $24.5 million, while a majority of the initial buyers exited at significant losses.