Garrett Jin Wallet Moves 577,000 ETH Worth $1.35B to Binance

A crypto wallet linked to Garrett Jin transferred approximately 577,000 ether (ETH) to the Binance exchange over several days in early May 2026. Ether is the native token of the Ethereum blockchain network. On-chain analytics platform Lookonchain tracked the transfers across multiple transactions. The most recent single transfer moved 225,627 ETH, worth $526.59 million, to Binance. The cumulative value of all transfers reached approximately $1.35 billion.

"Garrett Jin(#BitcoinOG1011short) just deposited another 78,077 $ETH($178M) into #Binance and still holds 303,618 $ETH($692.5M).", 07 May 2026. — Lookonchain, On-chain Analytics Tracker, Binance Square

Exchange deposits do not confirm spot sellingJin's wallet address is publicly labeled #BitcoinOG1011short on-chain. After the transfers, the wallet retained 303,618 ETH as of 07 May 2026, valued at approximately $692.5 million. Transfers to a centralised exchange (CEX) do not confirm that an asset has been sold. Wallets move funds to exchanges for portfolio repositioning, hedging, or converting to other assets. It is not confirmed from available on-chain data whether Jin executed spot sales.

"It reflects the intent of investors; whether they want to sell or convert holdings to fiat or stablecoins." — CryptoQuant, On-chain Analytics Platform — accessed 11 May 2026

Jin known for October 2025 bitcoin shortGarrett Jin, also known as @GarrettBullish on X, was chief executive officer (CEO) of cryptocurrency exchange BitForex from 2017 to 2020. On-chain investigators linked his wallet to a $735 million bitcoin (BTC) short position placed minutes before a major market crash in October 2025. The crash was triggered by tariff-related volatility. Jin denied insider trading allegations, stating the funds belonged to clients and the position was used for hedging. Jin known for October 2025 bitcoin shortGarrett Jin, also known as @GarrettBullish on X, was chief executive officer (CEO) of cryptocurrency exchange BitForex from 2017 to 2020. On-chain investigators linked his wallet to a $735 million bitcoin (BTC) short position placed minutes before a major market crash in October 2025. The crash was triggered by tariff-related volatility. Jin denied insider trading allegations, stating the funds belonged to clients and the position was used for hedging. Garrett Jin, also known as @GarrettBullish on X, was chief executive officer (CEO) of cryptocurrency exchange BitForex from 2017 to 2020. On-chain investigators linked his wallet to a $735 million bitcoin (BTC) short position placed minutes before a major market crash in October 2025. The crash was triggered by tariff-related volatility. Jin denied insider trading allegations, stating the funds belonged to clients and the position was used for hedging. Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment. All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions. Coinpaprika is not liable for any losses resulting from the use of this information.