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Andrew Tate Doubles Down on WLFI Bet After $67K Loss, Governance Proposal Emerges
Andrew Tate Doubles Down on WLFI Bet After $67K Loss, Governance Proposal Emerges
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BTCCSquare news:
Controversial influencer Andrew Tate remains defiant in his crypto strategy, reopening a long position on World Liberty Financial's WLFI token immediately after suffering a $67,500 liquidation. The token's 36% plunge from its $0.331 peak triggered emergency discussions among developers, with a new governance proposal circulating for token buybacks and burns to stabilize prices.
Market dynamics turned volatile as WLFI's circulating supply suddenly expanded by 24.6 billion tokens post-unlock. Tate's Hyperliquid portfolio now shows nearly $700,000 in cumulative losses, yet the social media personality continues making high-conviction leveraged bets. The pattern mirrors his previous high-risk trading behavior during previous market cycles.
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