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Garrett Jin Buys $9.05M Worth of HYPE Over Four Days, Plans to Acquire More

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HYPE
$58.444-5.28%
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BTC
$60,536.90-3.19%
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ZEC
$366.84912.14%
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Garrett Jin, linked to the '1011 insider whale,' has executed a position trading strategy by purchasing 145,050 HYPE tokens over four days, valued at $9.05 million. He also placed a TWAP order for an additional 39,940 HYPE tokens, worth $2.44 million. Jin holds a long BTC position of 504.4 BTC ($38.9 million) and a short ZEC position of 57,460 ZEC ($38 million), with a floating loss of $21.1 million. His actions indicate a calculated risk-to-reward ratio approach amid volatile market conditions.

Odaily Planet Daily reports, according to Lookonchain monitoring, the agent of "1011 Insider Whale," Garrett Jin (@GarrettBullish), has accumulated 145,050 HYPE tokens over the past four days, valued at approximately $9.05 million, and has placed a TWAP order to purchase an additional 39,940 HYPE tokens, valued at approximately $2.44 million.

Additionally, it currently holds a long position of 504.4 BTC, worth approximately $38.9 million, and a short position of 57,460 ZEC, worth approximately $38 million, resulting in an overall unrealized loss of about $2.11 million.

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