According to Odaily Planet Daily, Garrett Jin, the BTC whale who has been high-profile in swapping ETH positions, has released three consecutive updates on his personal account X to respond to market rumors. The details are as follows:

First post: "Hi CZ, thanks for sharing my personal information. Just to be clear, I have no connection to the Trump family or Donald Trump Jr. — this is not insider trading."

Second update: “This fund doesn’t belong to me — it belongs to my clients, for whom we run nodes and provide internal research and insights.”

The third update: "I want to briefly share three points: First, I will explain the bearish view we published at the time; second, my views on the 1011 incident; and third, my thoughts on how the entire industry can do better."