A trader tied to the 10/10 whale lost $128 million overall after ETH trades erased earlier $70 million in potential gains.
A trader identified as Garrett Jin, linked to the 10/10 whale, has incurred a net loss of $128 million after trading ETH. The trader would have been up over $70 million had ETH positions been avoided, according to onchain data analysis.
The whale previously profited approximately $100 million from shorting BTC but later lost over $200 million on ETH long positions. Recent activity includes a $10 million HYPE purchase and a $38 million short on ZEC via Hyperliquid.
No immediate market reaction was reported following the disclosure of the losses.