Whale alert: 166,023 $ETH (~$396M) deposited in a single move

On-chain data shows a wallet linked to Garrett Jin moved 166,023 <a class="ticker-mention" href="/en-US/token/eth">ETH</a> — worth roughly $396 million — into a deposit address in one transaction. At current prices, that makes it one of the larger single ETH movements tracked this cycle.

Large deposits of this scale typically flag either an exchange inflow (a potential sell signal) or a collateral repositioning into a lending protocol. The destination address and follow-on flows will be the key data points to watch in the hours ahead.

Moves of this size from identified wallets tend to carry outsized market sentiment weight, particularly when ETH is already navigating a sensitive price range.