Garrett Jin, known for his $4.23 billion BTC-to-ETH shift, criticizes the crypto market's reliance on excessive leverage and its lack of reinvestment into core assets like Bitcoin and Ethereum, warning of poor liquidity and weak momentum.
Garrett Jin, a well-known whale investor, warned that most crypto projects suffer from insufficient cash flow compared to high-valued companies like TikTok. He criticized the diversion of funds from core assets like Bitcoin and Ethereum, highlighting low market liquidity and weak momentum. Jin also faced an investigation linking him to an insider trading group involving a White House insider, suggesting he may have acted as a proxy in crypto market movements.