SmartestMoney is up half a billion dollars in under two years after going all in on HYPE and doubling down near the bottom.
A screenshot Garret Bullish just shared on Twitter shows him withdrawing 68.08K ZEC from Binance on December 24 last year, worth $29.7M at the time. The same wallet withdrew another 134K ZEC, worth $58.6M, minutes earlier.
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He then shielded all 202.08K ZEC, but unshielded it minutes later and still holds the entire amount.
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At $1,580 per ZEC, those holdings are now worth $320M, up from $88.3M at the time.
So his 38K ZEC ($60M) short on Hyperliquid, currently showing an unrealized loss of $34.5M, can be seen as a partial hedge against his spot holdings.
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Cerebras ($CBRS) can be traded on Hyperliquid as Pre-IPO Perpetual (IPOP) where it's currently trading around $300/share, implying a mid-$80B valuation.
On Friday, Bloomberg reported that Cerebras is seeking to raise up to $4B in its IPO at roughly a $40B valuation.
Traders on Hyperliquid are pricing it at 2x what bankers are reportedly targeting.
Is this about to become one of the most successful IPOs of 2026?
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