Why did Hyperliquid (CRYPTO) holder Garrett Jin sell his position?

A wallet linked to Garrett Jin sold 184,102 Hyperliquid (CRYPTO) tokens worth approximately US$13.55 million and realised an estimated US$2.83 million profit. The sale occurred while HYPE was trading near record highs, according to Lookonchain.

What did the Garrett Jin-linked wallet buy after selling Hyperliquid (CRYPTO)?

After exiting Hyperliquid (CRYPTO), the wallet opened a new long position in Uniswap (CRYPTO). Lookonchain reported the wallet acquired a position of 80,000 UNI tokens following the sale.

What are the largest positions held by the Garrett Jin-linked wallet?

The wallet's largest reported holdings are 1,268 Bitcoin (CRYPTO) worth approximately US$83.39 million and 50,013 Zcash (CRYPTO) valued at roughly US$25.2 million. It also holds a smaller long position in Uniswap (CRYPTO).

How much profit did the Garrett Jin-linked wallet make on Hyperliquid (CRYPTO)?

The wallet generated an estimated profit of US$2.83 million from its Hyperliquid (CRYPTO) investment. Lookonchain reported the tokens were sold at an average price of about US$73.60 each.

What does the Hyperliquid (CRYPTO) sale suggest about crypto market activity?

The Hyperliquid (CRYPTO) transaction highlights how large traders can rotate capital between different cryptocurrency sectors. Market participants are now watching whether increased interest in Uniswap (CRYPTO) develops into broader demand for decentralised exchange tokens.

Image for illustrative purposes only. Not a real photo.

Garrett Jin exits $13.5M HYPE position

Written by Heidi Cuthbert Published Jun 18, 2026, 1:29 AM

A wallet linked to former Bitforex chief Garrett Jin sold 184,102 HYPE tokens worth approximately US$13.55 million.
The sale generated an estimated profit of US$2.83 million before the wallet opened a new long position in UNI.
The wallet continues to hold large long positions in Bitcoin and Zcash while rotating capital between crypto market themes.

A wallet attributed to former Bitforex chief Garrett Jin sold 184,102 Hyperliquid (CRYPTO:HYPE) tokens worth approximately US$13.55 million and realised an estimated profit of US$2.83 million, according to blockchain analytics platform Lookonchain.

The transaction occurred while HYPE traded near record highs and Uniswap (CRYPTO:UNI) ranked among the most-searched digital assets on CoinGecko.

Lookonchain reported that the wallet sold the HYPE position at an average price of approximately US$73.60 per token before opening a new long position in UNI.

The wallet's reported holdings include a long position of 1,268 Bitcoin (CRYPTO:BTC) valued at about US$83.39 million, a long position of 50,013 Zcash (CRYPTO:ZEC) worth roughly US$25.2 million, and a new position of 80,000 UNI tokens.

The move highlights continued capital rotation between cryptocurrency sectors, and following the reported transactions the HYPE token continued trading near all-time highs.

Blockchain researchers have previously linked the wallet to Garrett Jin, though wallet attribution is based on onchain analysis rather than direct ownership confirmation.

The transaction comes as Hyperliquid continues to attract attention through strong trading activity, while market participants monitor whether renewed interest in UNI translates into broader trading demand.

At the time of reporting, Hyperliquid price was $72.05.

Garrett Jin exits $13.5M HYPE position

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