I Bought a Hyper3 Short on Gate.io But Lost Money Despite 11% Drop in Price

On Gate.io, I purchased a Hyper3 short contract at 11:00 AM for 0.52. Based on how leveraged tokens work, with 3x leverage, every 1% drop in the base coin (Hyper) should result in a 3% gain on the short. However, what happened makes absolutely no sense.

By 11:59 AM, Hyper had dropped 11%, which should have caused the Hyper3 short to increase by around 33%. Instead, the contract dropped another 10%, meaning I lost even more money despite correctly predicting the market direction.

This is not just confusing—it feels misleading and deceptive. If a 3x short doesn’t reflect basic leveraged performance, how can investors trust the platform? There appears to be manipulation or mispricing at play. I demand a clear explanation from Gate.io, a full investigation into this issue, and compensation for losses incurred due to the platform’s failure to reflect accurate leverage behavior. This kind of performance undermines trust and should not be dismissed.