Garrett Jin Adds $9M HYPE As TWAP Order Keeps Buying Hyperliquid Rally

Garrett Jin, known on X as @GarrettBullish, has become one of the latest high-profile traders adding visible size to Hyperliquid’s HYPE rally.

Lookonchain said Jin bought 145,050 HYPE over the past four days, spending about $9.05 million at an average price near $62.39. The same update said he placed a TWAP order to keep buying another 39,940 HYPE, worth about $2.44 million.

The linked Hypurrscan address gives the trade more weight because it connects the buying to visible activity on Hyperliquid rather than only social-media positioning. TWAP orders also matter because they split execution across time, reducing the impact of one large market buy while keeping steady demand active if the order continues filling.

The move follows an earlier CryptoAdventure report that Garrett Jin had already targeted a large ZEC short while HYPE buy orders were building. The latest update shows the HYPE side of that trade becoming larger, not fading.

BTC Long And ZEC Short Add Leverage Risk

Jin’s book is not only a HYPE accumulation story. Lookonchain also said he still holds a 504.4 BTC long worth about $38.9 million and a 57,460 ZEC short worth roughly $38 million, with the combined tracked position currently down around $2.11 million.

Those positions place him directly across three of the market’s most active narratives. BTC remains the broad risk anchor. HYPE has become one of the strongest altcoin momentum trades on the back of Hyperliquid activity, whale buying and fund-linked demand. ZEC has been one of the leading privacy-coin trades, with recent price action pushing Zcash back toward a major resistance zone.

That mix creates a more complex risk profile than a simple HYPE buy. A stronger HYPE tape can support Jin’s spot accumulation, but a rising ZEC price works against the short. A BTC pullback can also pressure the wider book if leverage remains active.

HYPE Momentum Stays The Main Market Signal

The HYPE bid lands while Hyperliquid remains one of the strongest relative-strength names in crypto. CoinGecko data still shows HYPE trading around the low-$60 area, with more than $1 billion in 24-hour volume, keeping the token near its recent record zone.

The wider accumulation backdrop has been building quickly. Another whale recently spent $15.1 million buying 238,811 HYPE, while Bitwise and 21Shares-linked HYPE buying added a fund-flow angle to the rally.

That is why Jin’s latest order matters. It is not an isolated whale buy into a quiet token. It adds another visible buyer to a market already trading near highs, with deep derivatives activity, large spot flows and a growing group of tracked wallets still willing to accumulate HYPE at elevated prices.

The next measurable point is whether the TWAP continues filling without triggering a sharp fade. If HYPE holds the low-$60 area while large buyers keep adding, the rally retains its pressure. If BTC weakens or ZEC squeezes higher, Jin’s broader book could absorb losses even while the HYPE position remains the strongest part of the trade.

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