The guy who never lost just got completely wiped out

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On chain data shows the Hyperliquid account linked to Garrett Jin was fully liquidated, with the balance dropping to roughly $53 after a position estimated near $250 million was wiped out. This is the same wallet tied to a prior 100% win rate and a reported $100 million gain from a single short in October, which makes this blow up impossible to brush off. The real takeaway is not the name or the politics, it is that extreme leverage keeps rewarding insiders until it suddenly does not, and when it breaks, it breaks violently and publicly.

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