Andrew Tate just recorded a 1,300% return on this crypto

Controversial social media personality Andrew Tate has recorded a paper profit of more than $7.2 million on the Hyperliquid (HYPE) token, turning an initial investment of about $550,000 into one of his most successful crypto positions.

On-chain data shared by Lookonchain on October 3 shows the influencer accumulated 122,827 HYPE tokens roughly two years ago at an average price of about $4.48 per token. With HYPE trading near $89, the position has generated an estimated return of 1,317%.

The gains came into focus after a wallet linked to Tate transferred 20,950 HYPE tokens worth approximately $1.87 million to Binance. 

Despite the move, he still holds about 63,550 HYPE valued at roughly $5.62 million, bringing his total unrealized profit to an estimated $7.24 million.

The transfer does not necessarily indicate an immediate sale. However, moving tokens to a major centralized exchange typically provides access to deeper liquidity and greater flexibility for trading or profit-taking.

HYPE is the native token of Hyperliquid, a decentralized perpetual futures exchange built on its own Layer 1 blockchain. 

Since launching in late 2024, the token has surged from below $5 to around $89, driven by strong platform growth, rising trading activity, and token buybacks. The rally turned Tate’s roughly $550,000 investment into a multimillion-dollar position.