Trader Loses $250 Million as ETH Liquidation Wave Hits Crypto Markets

The scale of January 31, 2026’s liquidation event on Hyperliquid has grown even larger following new on-chain disclosures. According to data published by Arkham, the so-called “Hyperunit whale,” linked to Garrett Jin, has now fully exited his entire Ethereum position, realizing a total loss of approximately $250 million. source: https://www.ethnews.com/trader-loses-250-million-as-eth-liquidation-wave-hits-crypto-markets/