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Address cluster tied to Garrett Jin amasses 288 million Binance Life tokens

Address cluster tied to Garrett Jin amasses 288 million Binance Life tokens

PANews and analyst EmberCN said linked wallets, described as tied to Garrett Jin and the Binance Life market maker, now hold about 28.8% of supply after continued buying since February.

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Fact Check
The primary source — on-chain analyst EmberCN (@EmberCN) post 2063780501534695469 — explicitly states the Garrett Jin whale entity now holds 288M Binance Life tokens (28.8% of total supply) after continued buying, with accumulation traced back to February. PANews (article 019ea4a4) republished the identical figures. EmberCN's earlier June 7 post and Odaily's coverage describe the same address cluster at the prior 284M/28.4% level before the latest purchases, consistent with the claim's framing of 'continued buying since February.' The Garrett Jin attribution is presented by EmberCN as inference from shared Binance/Bybit deposit addresses rather than confirmed identity, so 'tied to' is appropriately hedged language. Slight uncertainty remains because the link to Garrett Jin is analyst inference, not official confirmation.
Summary

A cluster of linked addresses tied by PANews and on-chain analysts Ember and EmberCN to Garrett Jin has accumulated 288 million Binance Life tokens, worth about $236 million, or 28.8% of supply. The holdings rose from 284 million after the entity bought another 4.2 million tokens in 24 hours for about $3.67 million, part of 61.09 million tokens reportedly accumulated over the past week for roughly $42.77 million at a price of $0.7. Earlier reporting said the buying began in February through Binance withdrawals and direct on-chain purchases, as the token climbed about 20-fold over two months. The concentration highlights the influence a single large holder may have on liquidity, price discovery and market concentration.

Terms & Concepts
  • address cluster: group of blockchain wallets believed to be controlled by the same person or entity
  • on-chain analyst: researcher who tracks blockchain wallet activity and transactions
  • market maker: Trader providing buy and sell liquidity