"1011 Insider Whale" Garrett Jin's Associated Address Unstakes 886,000 ETH, Worth $4.07 Billion

Odaily News: According to Eye monitoring, "1011 Insider Whale" Garrett Jin participated in the creation of the Eth2Depositor (0x2F4) and EthBatchDepositor (0xE00) staking pools through his company XHash.com. Over four months, a total of 886,440 ETH (approximately $4.07 billion) was deposited into these pools, with funds sourced from BTC sales on Hyperliquid and Hyperunit in August and September. Recently, all ETH has been unstaked from the pools.

Hypercieve co-founder Jack Chen is also the founder of the BTC mining pool SpiderPool.com. Jack Chen and Garrett Jin worked together in the HTX operations department from 2014 to 2016. Jack Chen is one of the individuals managing a treasury fund of approximately $10 billion.