Onchain analytics firm Bubblemaps has identified trader Garrett Jin as the wallet behind the infamous '10/10 whale' — and the numbers are brutal. Jin would have been sitting on more than $70 million in profit had he never touched ETH, but a series of disastrous long positions on the asset have left him down $128 million in total.
The trajectory tells a familiar story of a high-conviction trader who nailed one side of the market and then gave it all back and more. Jin reportedly made roughly $100 million shorting BTC, only to lose over $200 million on ETH longs — a swing of more than $300 million between peak and trough.
A wallet connected to Jin recently deposited millions to Hyperliquid, purchased $10 million in HYPE, and opened a $38 million short position on ZEC.
WuBlockchain