BitForex Founder Garrett Jin Accumulates $11M+ in Hyperliquid (HYPE) Over Four Days

Garrett Jin, the founder of the collapsed crypto exchange BitForex, has been steadily increasing his holdings in Hyperliquid (HYPE).

Over the past four days, Jin purchased 145,050 HYPE tokens worth about $9.05 million and also initiated a TWAP order to accumulate an additional 39,940 HYPE valued at approximately $2.44 million.

In parallel with these purchases, he is holding a 504.4 BTC long position worth around $38.9 million and a 57,460 ZEC short position valued near $38 million. The combined positions are currently showing an estimated loss of about $2.11 million.

Source: Lookonchain