On-Chain Analysis Reveals Losses of Whale Entity 'Garrett Jin'

On-chain analyst EmberCN (余烬) reported that the whale entity 'Garrett Jin' sold 35,000 ETH at an average price of $2,500 on September 19 to add margin to a ZEC short position on Hyperliquid, which was facing a $34 million unrealized loss. The entity's history includes accumulating over 100,000 BTC in 2018, followed by a major shift into ETH in 2025. The entity has suffered significant losses, including a $230 million liquidation on ETH longs in February 2026, a $734 million loss linked to Trend Research, and a $50.39 million loss due to a slippage incident in March 2026.