Odaily reported that, according to monitoring by Onchain Lens, Garret Jin, referred to as the “1011 insider whale,” has fully exited his HYPE position. The monitored transaction shows that Garret Jin sold all 184,102 HYPE at a price of $73.58 and received $13.54 million in USDC.
Onchain Lens data states that the HYPE sale generated a profit of $2.83 million for Garret Jin. The disclosed figures indicate that the HYPE position was sold in full, with the proceeds received in USDC. The size of the transaction, the sale price, and the realized profit were all included in the monitoring update.
Onchain Lens also listed the leveraged positions Garret Jin still holds after the HYPE exit. He continues to hold a 5x long BTC position with an unrealized loss of $13.2 million, as well as a 2x long ZEC position with an unrealized gain of $3.29 million. After closing the HYPE trade at a profit, his remaining BTC and ZEC long positions show different unrealized profit-and-loss outcomes.