'1011 Insider Whale' Once Transferred $1.35 Billion ETH to Binance, ETH Subsequently Dropped Over 20%

Odaily Planet Daily reports, according to monitoring by Lookonchain, '1011 Insider Whale' Garrett Jin transferred a total of 577,700 ETH to Binance between May 6 and May 10, valued at approximately $1.35 billion, with an average transfer price of around $2,337. Data shows that since the completion of the aforementioned transfers, the price of ETH has cumulatively dropped by over 20%.