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Showing posts with the label liquidation

Andrew Tate went 25X long on Hyperliquid, got liquidated

Andrew Tate briefly took on 25X leverage to trade ether (ETH), bragged about it, got liquidated, and quickly deleted his post in embarrassment. Entering a leveraged long position at $2,515.90 per ETH immediately prior to a slight dip in price, his margined trade quickly incinerated hundreds of thousands of dollars.  Initially, Tate bragged about his entry, posting his Hyperliquid referral code “TOPGTOPSTRIKER” by which he would earn fees. At the time of posting, one of his trades was up 138% in temporary, deceptively unrealized profit. Soon, viewers watched his wallet’s combined profit and loss (PnL) crash to $597,000 in losses . Along the way to his near-total loss, Tate deleted his earlier, self-congratulatory post. i too would shill my ref link if i was down 600k pic.twitter.com/Rv6lDmQlxb — 0xCoochie (@ColonelCoochi3) June 9, 2025 Read more: Andrew Tate struggles to pump memecoin amid Florida criminal inquiry Despite his verifiable activities o...

Ethereum drops below $3k as liquidations hit $320 million

Ethereum price has dropped below $3,000, hitting lows of $2,942 on Coinbase. The decline in the price of Ethereum comes as spot ETH ETFs saw a tepid debut in Hong Kong. Liquidations hit $320 across the crypto market, with over $96 million in ETH (over $78 million of it in liquidated longs). Ethereum has declined to below $3,000 again as the broader crypto market reels from downside pressure. As Bitcoin retested prices near $60,000 on Tuesday, ETH price moved lower and broke under the psychological $3k level. On crypto exchange Bitstamp, ETH/USD reached lows of $2,945 while the second largest cryptocurrency by market cap’s value revisited $2,942 on US-based exchange Coinbase. ETH price weakness amid key developments ETH is seeing renewed downside pressure amid crucial developments around this cryptocurreny’s ecosystem and in the regulatory space. This past week, Consensys sued the US Securities and Exchange Commission (SEC), accusing the regulat...