Andrew Tate has booked a $16,000 gain from betting against Kanye West’s meme coin YZY, even as the token’s market collapse highlights the risks surrounding celebrity-linked cryptocurrencies.
Blockchain analytics platform Lookonchain reported that Tate opened a three-times leveraged short on YZY at $0.8524. With the token now trading near $0.77, the former kickboxer remains in profit.
Andrew Tate(@Cobratate) opened a 3x short on $YZY at $0.8524, now sitting on a profit of $16K.
But he doesn’t seem to be good at perps trading.
So far, he’s made 80 trades on #Hyperliquid — only 29 were profitable (win rate: 36.25%) — with total losses of $699K.… pic.twitter.com/ZvR9QZEVEk
— Lookonchain (@lookonchain) August 22, 2025
But the win comes against a backdrop of poor trading performance. Data from Lookonchain shows Tate has executed 80 trades on the platform, with only 29 proving profitable. His cumulative losses total about $699,000, leaving him with a win rate of just 36.25%.
Meanwhile, YZY has become the latest example of speculative mania in crypto markets. The token surged to a $3 billion valuation within 40 minutes of launch this week, driven by Kanye West’s celebrity brand and viral hype. That rally was short-lived. According to CoinGecko, YZY has fallen nearly 23% in the past 24 hours alone, sliding to $0.7743 and shrinking its market capitalization to roughly $100.3 million.
Lookonchain data points to a highly concentrated supply structure that favored insiders. At launch, more than 94% of YZY’s total supply was controlled by a handful of wallets, with one multisig holding 87% before retail investors gained access.
Insiders appear to have cashed out substantial profits. One wallet labeled “6MNWV8” spent 450,611 USDC to buy 1.29 million tokens at $0.35, later selling most for 1.39 million USDC while retaining holdings still valued at around $600,000. Another early buyer invested 12,170 SOL about $2.28 million for 2.67 million tokens, now sitting on an unrealized gain of $6 million.
While YZY unravels, another Tate-linked token is gaining traction. Memecoin $DADDY, promoted by Tate last year, jumped 45.8% in the past 24 hours, according to CoinGecko. Trading activity surged alongside the rally, with 24-hour volume soaring 127.8% to $451,573 and a volume-to-market cap ratio of 9.85%, signaling renewed speculative interest.
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