Garrett Jin Withdraws $167.8 Million in Ethereum from Binance

Crypto whale Garrett Jin moved 80,000 ETH worth $167.8 million from Binance, underscoring large-scale accumulation among high-net-worth investors.

ETH

Summary

Garrett Jin, a crypto whale with estimated assets of about $4 billion, withdrew 80,000 ETH from Binance valued at roughly $167.8 million, according to The Data Nerd. The on-chain transaction, made just two hours before reporting, signals continued large-scale accumulation activity. Jin is known for making significant Ethereum movements, reflecting strategic positioning in the crypto market.

Terms & Concepts
  • Ethereum (ETH): A blockchain platform enabling smart contracts and decentralized applications, with its native cryptocurrency called Ether.
  • Binance: A global cryptocurrency exchange that facilitates trading of digital assets including Bitcoin, Ethereum, and many others.