Whale tied to insider trading allegations nets ~$40M from crypto longs

A Hyperliquid whale address, starting with 0xb317, previously suspected of insider trading ahead of the largest-ever forced liquidation event last October, is currently holding approximately $40 million in unrealized profits from long positions in BTC, ETH, and SOL. The address's positions include a 5x leveraged long of 1,000 BTC (up $3.78 million), a 5x leveraged long of 223,340 ETH (up $30.96 million), and a 10x leveraged long in SOL (up $7.09 million). The average entry prices were $91,506 for BTC, $3,161 for ETH, and $130 for SOL. Some members of the crypto community speculate that the address belongs to Garrett Jin, the former CEO of the now-defunct exchange BitForex.