There are chaps who, when slapped by fate, take the hint and retire to a corner to lick their wounds. And then there is Andrew Tate, who, having been liquidated one hundred and seven times, apparently regards this as a mere difference of opinion with the market.
Our old friend Lookonchain, a monitoring resource with a distinct lack of optimism regarding Mr. Tate’s financial acumen, reports that the man has once again sauntered up to the roulette wheel. He has opened a long position on 57.36 Bitcoin, a sum that would make a minor potentate blink. The price is hovering around $65,500, which is all well and good. However, the liquidation price is a mere $300 away, at $65,216. A trifling sneeze in the crypto winds, and he’ll be reaching for his wallet with the speed of a man who has just remembered he left the gas on.
One recalls his previous ventures, where a Bitcoin long managed to evaporate in under an hour. It was a performance of breathtaking speed, a sort of financial self-immolation that would have been artistic had it not been so expensive.
And let us not forget his foray into the world of meme coins. He launched DADDY, a token designed to do battle with Iggy Azalea’s MOTHER. It was a clash of titans, or at least of two people shouting in a very crowded room. Reports of insider trading and dubious claims quickly followed, like seagulls after a chip. Current data from CoinGecko shows DADDY at $0.0085, a decline of 97% from its peak. One imagines the token’s investors are now using it as a very small, digital paperweight.
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2026-06-17 10:58