A crypto wallet tied to prominent trader Garrett Jin deposited 6,318 Bitcoin, worth roughly $425 million, to Binance in the past few minutes, continuing a series of large transfers that have drawn attention from blockchain analysts, according to data from Arkham Intelligence.
Earlier today, the address sent about $336 million worth of Bitcoin to Binance. In total, 11,318 coins valued at $761 million have now been transferred to the crypto exchange.
Jin, a pseudonymous trader also known as Garrett Bullish, who previously served as chief executive of the now-defunct BitForex exchange, is best known for his trading activities, particularly a massive Bitcoin short position established minutes before a major market crash triggered by Trump’s tariff announcement in October.
He still has over 9,300 Bitcoin, worth $627 million, and over 548,000 Ether, worth over $1 billion, according to his wallet.