Andrew Tate-Linked Wallet Hits 1% Return on This Altcoin, Transfers Tokens to Binance

A wallet linked to Andrew Tate has reached total profits of around $7.2 million from HYPE trades while transferring tokens worth $1.87 million to Binance.

According to data shared by Lookonchain, around 20,950 HYPE were sent from the wallet to Binance. The platform linked the address to Andrew Tate, while the Arkham screenshot shared alongside the post also labels the name with a question mark.

The price was $4.48 at the purchase two years ago

The wallet reportedly spent a total of $550,000 on 122,827 HYPE around two years ago, at an average purchase price of $4.48. Lookonchain calculated the total profit from HYPE trades at $7.24 million, with a return of approximately 1,320 percent.

The post says the wallet still holds 63,550 HYPE, worth approximately $5.62 million. Accordingly, the reported total profit does not consist entirely of gains realized in cash; the value of the assets still held is also included in the figure.

Millions of dollars in tokens moved to Binance

The latest move was a deposit of HYPE worth around $1.87 million to Binance. Although the transfer to the exchange raises the possibility of a sale, the transaction record shared does not show that a sale took place.

The high return on the long-held HYPE investment was thus followed by a multimillion-dollar transfer to an exchange, while the wallet continues to hold a larger HYPE balance than the amount transferred.