Hyperunit Whale Garrett Jin Takes $250M Loss After Exiting Major ETH Position

Cryptocurrency markets were shaken recently when prominent whale investor Garrett Jin, known in the industry as Hyperunit Whale, liquidated his entire Ethereum (ETH) position. According to blockchain analytics platform Arkham, Jin’s exit from this massive holding resulted in a substantial $250 million loss—a move that underscores the inherent risks even established investors face in the crypto space.

Understanding the Scale of the Move

Garrett Jin has long been recognized as a significant player in cryptocurrency markets, with holdings that move the needle for market observers. The decision to close out an entire ETH position, particularly one substantial enough to incur a quarter-billion dollar loss, signals a major shift in strategy or confidence in the market. Such large-scale liquidations from whale accounts like Jin’s don’t go unnoticed—they immediately capture the attention of traders, analysts, and risk management teams across the industry.

ETH Market Context

At the time of this development (February 2026), Ethereum was trading around $1.92K, providing important context for understanding the investment landscape. Ethereum remains the second-largest cryptocurrency by market capitalization, and major moves by whales like Garrett Jin can have ripple effects throughout the ecosystem. The timing of Jin’s exit raises questions about market conditions and what high-profile investors are seeing ahead.

What This Signals

The Jin trade demonstrates a critical lesson for both retail and institutional investors: size and experience don’t guarantee profits in volatile markets. The $250 million loss, while significant, represents a data point that reminds the cryptocurrency community of the market’s inherent unpredictability. For market participants watching Garrett Jin’s moves, this liquidation serves as a stark reminder to reassess position sizing and risk management strategies in an asset class known for dramatic price swings.