An event of truly historic proportions has unfolded on Hyperliquid. The well-known whale Garrett Jin, until recently regarded as one of the platform’s most successful and calculated traders, has officially fallen from that elite group. His massive long position was forcibly liquidated.
In just two weeks, Garrett Jin managed to do what takes most traders years: turn a brilliant success story into a catastrophe. His total lifetime profit (+$142 million) was completely wiped out and replaced by an enormous loss. Losses over the last 14 days amounted to roughly $270 million – the market proved ruthless even to those who were considered “untouchable” just yesterday.
The hard numbers as of today are the following:
- total account PnL: -$128,000,000
- liquidated position size: over $700,000,000
To put this into perspective: this was not a sudden move against a small bet, but a chain reaction of liquidations on massive leverage, where the market methodically consumed the position, leaving no chance for manual intervention or rescue.
This account first gained widespread attention in October under the nickname “Whale 1011”. At the time, Garrett Jin built a fortune by successfully trading political insights and events that the market had not yet priced in. His trades were dissected in detail, screenshots spread across social media, and the trader himself became almost a legend on Hyperliquid.
But the market, as we know, keeps no record of past achievements. Easy come, easy go – money comes easily and disappears just as easily, especially when confidence turns into overconfidence and leverage starts working against you.
It is also worth noting that this moment literally went down in history live. The $700 million liquidation was captured on video, with the recording available on our Telegram channel (original from Twitter). You can watch a massive position vanish in real time, tick by tick.
A fair warning: sensitive and faint-hearted traders may want to skip this one. The video is an effective cure for illusions about “easy money” and a reminder of an old but eternal market truth: it may forgive a mistake, but it rarely forgives overconfidence.
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