{"id":93799,"date":"2026-02-02T10:03:36","date_gmt":"2026-02-02T07:03:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=93799"},"modified":"2026-02-02T13:04:31","modified_gmt":"2026-02-02T10:04:31","slug":"hyperliquid-whale-loses-250-million-on-failed-ethereum-long-leaving-just-53","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/hyperliquid-whale-loses-250-million-on-failed-ethereum-long-leaving-just-53\/","title":{"rendered":"A Hyperliquid Whale Loses $250 Million, Left with Just $53 After Bad Ethereum Bet"},"content":{"rendered":"<p>A trader known by the pseudonym Hyperunit whale has recorded a loss of $250 million after closing a long position on Ethereum. According to Arkham, the balance of his account on <a href=\"https:\/\/forklog.com\/en\/news\/the-price-of-popularity-and-a-lesson-for-all-hyperliquid\">Hyperliquid<\/a> has dwindled to $53.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">HYPERLIQUIDATED: HYPERUNIT WHALE [GARRETT JIN]<\/p>\n<p>The Hyperunit whale, linked to Garrett Jin, has just sold HIS ENTIRE ETH POSITION, realizing a COMPLETE loss of $250 MILLION.<\/p>\n<p>He has $53 left in his Hyperliquid account. <a href=\"https:\/\/t.co\/0qZBOoeqoI\">pic.twitter.com\/0qZBOoeqoI<\/a><\/p>\n<p>\u2014 Arkham (@arkham) <a href=\"https:\/\/twitter.com\/arkham\/status\/2017672068079178094?ref_src=twsrc%5Etfw\">January 31, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The investor exited the trade amid a market downturn. Over the past day, the price of the second-largest cryptocurrency by market capitalization fell by approximately 10%, dropping to $2194.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"411\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-fda850adcefbd69c-5231893395495205-1024x411.png\" alt=\"\u0421\u043d\u0438\u043c\u043e\u043a \u044d\u043a\u0440\u0430\u043d\u0430 2026-02-02 093136\" class=\"wp-image-274400\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-fda850adcefbd69c-5231893395495205-1024x411.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-fda850adcefbd69c-5231893395495205-300x120.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-fda850adcefbd69c-5231893395495205-768x308.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-fda850adcefbd69c-5231893395495205-1536x616.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-fda850adcefbd69c-5231893395495205.png 1606w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/ethereum\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>On January 29, analysts pointed to the whale&#8217;s critical situation: his unrealized loss exceeded $130 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">HE IS LONG $750M: THE HYPERUNIT WHALE IS BUYING BACK ETH<\/p>\n<p>After offloading almost $100M in ETH from his ETH position, the Hyperunit whale linked to Garrett Jin is buying back ETH \u2014 and has purchased $60.54M of ETH already.<\/p>\n<p>The Hyperunit Whale was long 223.34K ETH last week, and\u2026 <a href=\"https:\/\/t.co\/G7KiTwkk0j\">pic.twitter.com\/G7KiTwkk0j<\/a><\/p>\n<p>\u2014 Arkham (@arkham) <a href=\"https:\/\/twitter.com\/arkham\/status\/2016873464997568913?ref_src=twsrc%5Etfw\">January 29, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Hyperunit whale gained widespread attention in October 2025. He <a href=\"https:\/\/forklog.com\/en\/news\/hyperliquid-co-founder-says-cex-liquidation-totals-may-be-underreported-by-up-to-100x\">earned $192 million<\/a> from short positions on Bitcoin and Ethereum just minutes before U.S. President Donald Trump announced 100% tariffs on Chinese imports. The fortuitous timing sparked suspicions of insider trading, but no evidence of wrongdoing was found.<\/p>\n<p>On-chain analyst Eye linked the wallet address to former BitForex CEO Garrett Jin. Jin denied personal ownership of the assets, stating that he manages client funds.<\/p>\n<p>Following his October success, the trader shifted strategy and began going long. By mid-January, he had accumulated a long position in Ether worth over $730 million, with his total market exposure exceeding $900 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">THE BIG LONG: THE $10B HYPERUNIT WHALE JUST BOUGHT EVEN MORE ETH <\/p>\n<p>The $10B Hyperunit Whale, linked to Garrett Jin, just longed another $66.2M ETH. His massive ETH Long is now worth $733.3M, and in total he is long over $900 MILLION worth of ETH, SOL and BTC.<\/p>\n<p>Will he be the\u2026 <a href=\"https:\/\/t.co\/i6O3GyqHVC\">pic.twitter.com\/i6O3GyqHVC<\/a><\/p>\n<p>\u2014 Arkham (@arkham) <a href=\"https:\/\/twitter.com\/arkham\/status\/2012226850928447839?ref_src=twsrc%5Etfw\">January 16, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The liquidation on Hyperliquid did not bankrupt the whale: according to Arkham, he still holds $2.5 billion in assets across other wallets.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-e55029223ff38187-5231945619525237.webp\" alt=\"\u0421\u043d\u0438\u043c\u043e\u043a \u044d\u043a\u0440\u0430\u043d\u0430 2026-02-02 094133\" class=\"wp-image-274401\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/intel.arkm.com\/explorer\/entity\/dd8becc0-ed3e-449d-921d-cc24bf76d0eb\">Arkham<\/a>.<\/figcaption><\/figure>\n<p>However, Lookonchain&#8217;s statistics on the platform&#8217;s top players appear grim. All eight traders who once made huge profits eventually lost their deposits.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">All 8 traders once made huge profits on Hyperliquid, but every one of them ended up getting wiped out.<\/p>\n<p>Stay away from high leverage. <a href=\"https:\/\/t.co\/g0Npj0UI2i\">pic.twitter.com\/g0Npj0UI2i<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/2017885115859505623?ref_src=twsrc%5Etfw\">February 1, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Analysts have called this a stark example of the risks associated with high leverage.<\/p>\n<p>In December 2025, Hyperliquid co-founder known as Iliensinc <a href=\"https:\/\/forklog.com\/en\/news\/hyperliquid-denies-insider-trading-allegations\">denied<\/a> rumors of insider trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A trader recorded a $250 million loss after closing a long position on Ethereum. According to Arkham, his Hyperliquid account balance has shrunk to $53.<\/p>\n","protected":false},"author":1,"featured_media":93800,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Trader lost $250M on Ethereum long, leaving $53 in Hyperliquid account.","creation_source":"ai_translated","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1267,46,1823,1156],"class_list":["post-93799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-trading","tag-ethereum","tag-hyperliquid","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"797","promo_type":"1","layout_type":"1","short_excerpt":"Trader lost $250M on Ethereum long, leaving $53 in Hyperliquid account.","is_update":"0","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=93799"}],"version-history":[{"count":2,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93799\/revisions"}],"predecessor-version":[{"id":93813,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93799\/revisions\/93813"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/93800"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=93799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=93799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=93799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}