Whale Alert: Garrett Jin Dumps Another $250M in ETH on Binance — $824M Deposited in 3 Days!

On-chain data shows Garrett Jin, known on X as #BitcoinOG1011short, deposited another 108,169 ETH — worth approximately $250.17 million — into Binance within a single hour. The move is part of a sustained and accelerating distribution pattern.

Over the past three days, Jin has moved a total of 352,268 ETH ($824 million) onto the exchange, a scale of selling pressure that is difficult to dismiss as routine portfolio rebalancing. Crucially, he still holds an estimated 225,449 ETH ($520 million), meaning the distribution is not yet complete and further supply could hit the order books.

Large exchange deposits of this magnitude are a classic bearish signal — coins moving to centralised venues typically precede sell orders. With ETH already navigating a challenging macro environment, sustained whale-level supply hitting Binance's order books adds meaningful downside pressure to near-term…