coin-img-ETHETH-4.77%coin-img-BTCBTC-3.54%coin-img-SOLSOL-4.83%coin-img-XRPXRP-1.82%coin-img-USDCUSDC-0.01%coin-img-HYPEHYPE+0.81%coin-img-SUISUI-1.23%coin-img-ADAADA-3.12%coin-img-ETHETH-4.77%coin-img-BTCBTC-3.54%coin-img-SOLSOL-4.83%coin-img-XRPXRP-1.82%coin-img-USDCUSDC-0.01%coin-img-HYPEHYPE+0.81%coin-img-SUISUI-1.23%coin-img-ADAADA-3.12%coin-img-ETHETH-4.77%coin-img-BTCBTC-3.54%coin-img-SOLSOL-4.83%coin-img-XRPXRP-1.82%coin-img-USDCUSDC-0.01%coin-img-HYPEHYPE+0.81%coin-img-SUISUI-1.23%coin-img-ADAADA-3.12%coin-img-ETHETH-4.77%coin-img-BTCBTC-3.54%coin-img-SOLSOL-4.83%coin-img-XRPXRP-1.82%coin-img-USDCUSDC-0.01%coin-img-HYPEHYPE+0.81%coin-img-SUISUI-1.23%coin-img-ADAADA-3.12%

Garrett Jin Deposits $1.35B in ETH to Binance Ahead of 20% Market Correction

On-chain data indicates that Garrett Jin (@GarrettBullish) executed a series of high-volume transfers to Binance between May 6 and May 10, totaling 577,717 ETH. Valued at approximately $1.35 billion with an average price of $2,337, these deposits coincided with a local peak in Ethereum's valuation. Following the completion of these transfers, the Ethereum market experienced a sharp selloff, with the asset's price declining by more than 20%. This strategic movement of capital suggests a significant sell-into-strength maneuver by the prominent investor. While the specific intent behind the transfers remains unconfirmed, the timing aligns precisely with the subsequent market downturn, highlighting the impact of large-scale exchange inflows on asset volatility and investor sentiment within the broader cryptocurrency ecosystem.
ETH
ETH-4.77%
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