thecryptobasic.com
Crypto trader Garrett Jin (@GarrettBullish) has exited his entire position in Hyperliquid’s $HYPE token.
According to Lookonchain, he sold 184,102 $HYPE worth about $13.55 million at an average price of roughly $73.60. Notably, the trade generated a profit of around $2.83 million.
After closing the $HYPE position, Jin opened a long position in Uniswap’s $UNI token. He also continues to hold sizable long positions in Bitcoin and Zcash.
His current portfolio includes a long position of 1,268 $BTC valued at approximately $83.39 million, 50,013 $ZEC worth about $25.2 million, and 80,000 $UNI valued at roughly $271,000.
$HYPE Reaches New All-Time High Before Exit
Jin’s sale came after a strong rally in Hyperliquid’s $HYPE token. According to CoinMarketCap data, $HYPE is trading at $72.63, up 30% over the past week. Earlier this month, the token dropped to around $52 before staging a sharp rebound.
On Tuesday, $HYPE reached a new all-time high of $76.85. The token has gained about 60% over the past month.
The timing of Jin’s exit suggests he took advantage of the record rally and locked in millions of dollars in profit.
$UNI Draws Attention After $100 Price Forecast
Following the $HYPE sale, Jin increased his exposure to Uniswap’s $UNI token. $UNI is currently trading at $3.63, up 23% in the past 24 hours and 48% over the last seven days. Despite the recent rally, the token remains about 92% below its all-time high of $45.
Part of $UNI’s momentum has been driven by bullish forecasts from Standard Chartered. The bank recently predicted $UNI could reach $100 by 2030, implying nearly 40x upside from current prices.
The forecast has renewed investor interest in the decentralized exchange token and may be encouraging traders to rotate capital into $UNI.
$ZEC Surges While Bitcoin Faces Weakness
Jin is also maintaining a large long position in Zcash. $ZEC is trading at $507 after rising 21% over the past week. Earlier this month, the privacy-focused cryptocurrency fell to around $250 before rebounding more than 100%.
Over the past year, $ZEC has gained approximately 1,105%. Even so, it remains about 91% below its all-time high.
Meanwhile, Bitcoin is trading at $64,800, down 2.48% over the past 24 hours. Despite the daily decline, $BTC remains up 6% over the past week.
Bitcoin has struggled over longer time frames. The asset is down 16% over the past month and 39% over the past year. After reaching an all-time high of $126,200 in October 2025, $BTC now trades about 49% below that peak.
Despite the recent weakness, Standard Chartered remains optimistic on Bitcoin’s long-term outlook. The bank expects $BTC to reclaim $100,000 later this year, rise to $200,000 in 2027, and eventually reach $500,000 by 2030.