The Garrett Jin Liquidation Story in the wild world of crypto trading, fortunes can flip faster than a memecoin pump-and-dump.
Garrett Jin — the Hong Kong-based trader, former BitForex CEO, and on-chain personality known as the "Hyperunit Whale."
Back in October 2025, Jin became a legend overnight. As markets crashed following major geopolitical shocks (including Trump's tariff announcements), he opened massive short positions on Bitcoin and Ethereum.
Timing it perfectly, he reportedly pocketed around $150–200 million in profits in a matter of hours — turning one bold trade into a viral success story.
His wallet showed a flawless track record, and many in the space hailed him as an untouchable "insider" with the golden touch.Fast forward to late January 2026.
The script flipped dramatically.During a brutal market sell-off — dubbed the "Warsh Shock" crash, triggered by Federal Reserve uncertainty, government shutdown fears, and broader crypto bloodbath — Ethereum plunged toward $2,400.
Jin, who had shifted to heavily leveraged long positions on ETH (with exposure reportedly reaching hundreds of millions), got caught on the wrong side.
On January 31, 2026, his entire ETH long was liquidated on Hyperliquid. On-chain data from Arkham Intelligence confirmed the damage: approximately $250 million in realized losses.
After the dust settled, his Hyperliquid account balance? A heartbreaking $53.😭
What was once a triumphant whale wallet — linked to addresses that moved billions in BTC and ETH over the years — now stands as a stark reminder of crypto's brutal reality.
Lifetime P&L on the platform reportedly dipped into negative territory, exceeding -$128 million in net losses.
Even after previous wins, leverage turned hero into zero in one unforgiving cascade.Jin has previously distanced himself from direct ownership, stating some funds belonged to clients.
But the on-chain fingerprints and market chatter point straight to him as the figure behind the "Hyperunit Whale" saga.
This isn't just another liquidation story — it's a cautionary tale for degens and whales alike:Leverage is a double-edged sword. High exposure can amplify wins... or erase empires in minutes.
No one is invincible. Even with a 100% win rate streak and insider-level timing in the past, markets don't care about your resume.
Crypto volatility spares no one. From October highs to January wipeouts, the cycle reminds us: what goes up can come crashing down — hard.
As one observer put it: "From $200M windfall to $53 and a dream. This is normal in crypto.
Rest in peace to the position ..😭😭😭
