"1011 Insider Whale" Garrett Jin unpledged 886,000 ETH from associated addresses, worth 4.07 billion USD

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. Within four months, a total of 886,440 ETH (approximately $4.07 billion) was deposited into the aforementioned funds, sourced from BTC sales in August and September on Hyperliquid and Hyperunit. Recently, all ETH has been unstaked from the funds.

Jack Chen, co-founder of Hypercieve, 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 responsible for managing approximately $10 billion in treasury funds.