Hyperunit Whale's Massive Loss:💥💥🔥🔥🔥🚀🚀
Overview
The so, called "Hyperunit whale, " a crypto trader assumed to be connected with former BitForex CEO Garrett Jin, has taken a massive hit of around $250 million when they closed out their entire leveraged ether bet on Hyperliquid. The previous whale's hyperliquid account now holds only $53 in stark contrast to the whale's earlier $200, million profit by shorting bitcoin and ether just before the October 2025 market crash that was tariff, driven .
Key Events
Massive Loss: The whale's long ETH position was forcibly closed, thus the whale will have to account for $250 million loss.Account Balance: The Hyperliquid account now barely holds $53, which is equivalent to losing all the gains accumulated over several months.Previous Profit: The whale had made a $200 million profit by shorting bitcoin and ether just before the October 2025 tariff, driven market crash.Market Impact
Ethereum Price Drop: Ether fell strongly this week, currently fluctuating near $2, 400 after it lost 10% in the past 24 hours.Unrealized Losses: Cryptocurrency experts monitoring the whale's position mentioned that it had become very risky, with a report of the unrealized losses rising to over $130 million towards the end of this week.
Trader's History, Garrett Jin Connection:
The trader's wallet activity was connected to Garrett Jin, ex, CEO of BitForex, through the ENS domains "ereignis. eth" and "garrettjin. eth. "
, Pivoted to Long Positions:
After making a $200 million profit, the trader switched to long positions, constructing an ETH long exceeding $730 million by the middle of January.
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