{"id":74182,"date":"2026-06-17T21:52:46","date_gmt":"2026-06-17T21:52:46","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/trader-garrett-jin-dumps-13-5m-in-hype-holds-83m-btc-and-25m-zec-longs\/"},"modified":"2026-06-17T21:52:46","modified_gmt":"2026-06-17T21:52:46","slug":"trader-garrett-jin-dumps-13-5m-in-hype-holds-83m-btc-and-25m-zec-longs","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/trader-garrett-jin-dumps-13-5m-in-hype-holds-83m-btc-and-25m-zec-longs\/","title":{"rendered":"Trader Garrett Jin Dumps $13.5M in HYPE, Holds $83M BTC and $25M ZEC Longs"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight:400\"><\/p>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Garrett Jin sold 184,102 HYPE (~$13.55M) at about $73.6 for a $2.83M gain, per Lookonchain.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">He flipped long on UNI while holding 1,268 BTC (~$83.39M) and 50,013 ZEC (~$25.2M).<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The rotation came at a time when UNI topped Coingecko\u2019s most-searched list and HYPE traded at record highs.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2><span style=\"font-weight:400\">The Trade<\/span><\/h2>\n<p><span style=\"font-weight:400\">Lookonchain<\/span><a href=\"https:\/\/twitter.com\/lookonchain\/status\/2067044312979042694\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\"> flagged<\/span><\/a><span style=\"font-weight:400\"> the moves, reporting that Jin (who posts as Garrett <span>Bullish<\/span>) had offloaded all 184,102 of his HYPE tokens at roughly $73.6 each, locking in a $2.83 million profit. He then opened a long position on UNI, the governance token of <span>decentralized exchange<\/span> ( <span>DEX<\/span>) Uniswap.<\/span><\/p>\n<figure id=\"attachment_823768\" aria-describedby=\"caption-attachment-823768\" style=\"width:817px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-823768\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">According to the same data, his current book is heavily skewed toward majors, i.e. a 1,268 <span>BTC<\/span> long worth about $83.39 million, a 50,013 ZEC long worth roughly $25.2 million, and the smaller new UNI position of 80,000 tokens. The rotation out of HYPE and into UNI is notable as UNI sits atop Coingecko\u2019s most-searched coins this week, while HYPE has been <a href=\"https:\/\/news.bitcoin.com\/hype-jumps-11-6-to-new-high-as-hyperliquid-extends-rally-and-triggers-11-5m-squeeze\/\">trading at all-time highs<\/a>.<\/span><\/p>\n<h2><span style=\"font-weight:400\">Who Is Garrett Jin?<\/span><\/h2>\n<p><span style=\"font-weight:400\">Jin is not an anonymous <span>whale<\/span> but the former chief of defunct exchange Bitforex and has been <\/span><span style=\"font-weight:400\">publicly linked by <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-blockchain\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">blockchain<\/a> sleuths<\/span><span style=\"font-weight:400\"> to a high-profile Hyperliquid trader who at one point ran a 100,000 <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> position. That association dragged him into a fraud scandal, which he has denied, telling observers that <\/span><span style=\"font-weight:400\">the fund wasn\u2019t his.<\/span><\/p>\n<p><span style=\"font-weight:400\">Earlier tracking showed a wallet attributed to Jin deposited <\/span><span style=\"font-weight:400\">$30 million in USDC<\/span><span style=\"font-weight:400\"> into Hyperliquid to open leveraged <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> longs, underscoring a pattern of large, directional bets. As with all wallet-attribution reporting, the labels rest on onchain clustering rather than confirmed identity, so the positions should be read as those of a Jin-linked wallet rather than verified personal holdings.<\/span><\/p>\n<h2><span style=\"font-weight:400\">A Rotation Worth Watching<\/span><\/h2>\n<p><span style=\"font-weight:400\">The trade captures a broader market dynamic, especially as HYPE, the token behind perpetuals exchange Hyperliquid, hit <\/span><span style=\"font-weight:400\">record territory<\/span><span style=\"font-weight:400\"> yesterday. Given the platform funnels nearly all of its trading revenue into open-market buybacks through its <\/span><a href=\"https:\/\/news.bitcoin.com\/hyperliquid-explained-a-deep-dive-into-the-perp-dex-that-reshaped-crypto-in-2025\/\"><span style=\"font-weight:400\">Assistance Fund<\/span><\/a>,<span style=\"font-weight:400\"><span style=\"box-sizing:border-box;margin:0px;padding:0px\"> selling<\/span> into that strength (and rotating into a comparatively unloved blue chip like UNI) is a classic profit-taking move.<\/span><\/p>\n<p><span style=\"font-weight:400\">Lastly, UNI\u2019s renewed search interest hints at fresh retail attention, but the token has lagged for much of the cycle, and a single <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-bitcoin-whales\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">whale<\/a>\u2019s rotation is not a guarantee of continued success. What it does illustrate, however, is how nimbly large traders seem to be moving between narratives in recent months.<\/span><\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/garrett-jin-hype-profit-long-uni\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Garrett Jin sold 184,102 HYPE (~$13.55M) at about $73.6 for a $2.83M gain, per Lookonchain. He flipped long on UNI while holding 1,268 BTC (~$83.39M) and 50,013 ZEC (~$25.2M). The rotation came at a time when UNI topped Coingecko\u2019s most-searched list and HYPE traded at record [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":74183,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74182"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74182"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74182\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74183"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}