A $500M ETH whale just got wiped out.
By Maxime Laurent · 2026-02-01 09:16
A $500M ETH whale just got wiped out.
One trade, one conviction, and $250M gone. Leverage doesn’t forgive — it humiliates.
So this one stings. Garrett Jin fully closed his massive $ETH position — roughly $500M notional — and locked in a ~$250M loss. Half a billion dreams, evaporated. On-chain data shows that after all the dust settled, his Hyperliquid account was left with… $53. Not a typo.
This is the kind of screenshot that circulates like a warning poster in crypto. Whale or shrimp, doesn’t matter. Leverage turns confidence into fragility. You can be early, right on the thesis, respected on CT — and still get erased by timing and volatility.
What fascinates me isn’t the loss itself. It’s the scale. This isn’t retail gambling. This is institutional-sized conviction meeting an unforgiving market. And the chain records it all, coldly, without mercy, without drama. Just numbers going to zero.
Crypto doesn’t care who you are. It only asks one question: can you survive the move? Today, the answer was no. Dur métier. 🫠
#crypto #ethereum #liquidation #whales #leverage #onchain #markets #risk
One trade, one conviction, and $250M gone. Leverage doesn’t forgive — it humiliates.
So this one stings. Garrett Jin fully closed his massive $ETH position — roughly $500M notional — and locked in a ~$250M loss. Half a billion dreams, evaporated. On-chain data shows that after all the dust settled, his Hyperliquid account was left with… $53. Not a typo.
This is the kind of screenshot that circulates like a warning poster in crypto. Whale or shrimp, doesn’t matter. Leverage turns confidence into fragility. You can be early, right on the thesis, respected on CT — and still get erased by timing and volatility.
What fascinates me isn’t the loss itself. It’s the scale. This isn’t retail gambling. This is institutional-sized conviction meeting an unforgiving market. And the chain records it all, coldly, without mercy, without drama. Just numbers going to zero.
Crypto doesn’t care who you are. It only asks one question: can you survive the move? Today, the answer was no. Dur métier. 🫠
#crypto #ethereum #liquidation #whales #leverage #onchain #markets #risk
Disclaimer: This content is for informational purposes only and not financial advice.