Andrew Tate Profits $16,000 by Shorting Kanye West’s YZY Coin

Controversial influencer Andrew Tate made a significant profit of $16,000 from shorting YZY, Kanye West’s meme coin. This trade occurred after initiating a $175,000 short position as the coin price plummeted following its initial surge. The event highlights the volatile nature of celebrity-backed meme coins, impacting many retail investors while benefiting experienced traders like Tate.