Trader Garrett Jin Sells $13.5M HYPE, Shifts to UNI

Garrett Jin, a trader associated with former Bitforex, has made a significant move in the cryptocurrency market. He sold his entire 184,102 HYPE tokens for approximately $13.55 million, securing a profit of $2.83 million. The sale comes at a time when HYPE has reached all-time highs and Uniswap's UNI token is topping Coingecko's most-searched list.

This move by Jin highlights how large investors are actively rotating between trending crypto assets in response to changing market narratives. He has shifted his focus to a long position on UNI, while maintaining significant holdings of 1,268 BTC (~$83.39M) and 50,013 ZEC (~$25.2M).