Whale Deposits 78,077 ETH ($178M) to Binance — Still Holds $692M More

A large Ethereum holder identified as Garrett Jin moved 78,077 ETH — worth approximately $178 million — into Binance, according to on-chain tracking data. The wallet still retains 303,618 ETH valued at roughly $692.5 million, making this a partial repositioning rather than a full exit.

The scale of the remaining position is the detail that matters most: with nearly $700 million in ETH still off-exchange, the deposit reads more like liquidity management or staged selling than a wholesale unwind. Whale movements of this size into centralised exchanges are watched closely as a leading indicator of near-term sell pressure, though the retained stack suggests conviction in the underlying position hasn't collapsed.

Institutional and high-net-worth flows into Binance at this magnitude are increasingly tracked as a proxy for broader market sentiment around ETH, particularly as the asset…