Top Trader Closes $13.55M HYPE Position, Locks In $2.83M Profit and Rotates Into UNI

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.