According to Odaily Odaily, the community speculates that the whale who opened a huge short order on Hyperliquid three days in advance and made a profit of $200 million is suspected to be Bitforex co-founder Garrett Jin. The reason is that the whale's address was previously connected to Garrett Jin. Last month, an address that directly received ETH gas from the whale sent 40,000 USDT to Garrett Jin.
At the same time, Garrett Jin is also the largest holder of the bet on "Will Trump pardon CZ in 2025" on Polymarket.
Reportedly, Trump's tariff war signals caused a significant short-term setback in the crypto market today. However, this Bitcoin OG whale opened a massive short position three days in advance, depositing 3,000 BTC into Hyperliquid on October 7th and short. He then continued to increase short position through October 10th, with his BTC short position valued at $752 million and his ETH short position at $353 million. Ultimately, the whale's single-day profit on Hyperliquid was approximately $190 million to $200 million.
Related reading: "The whale bayonet battle behind the biggest liquidation day in the history of encryption: the air force is drunk and leaves with a knife"
