Hupzy (Spot On Chain)|6ๆ 07, 2026 09:25
๐ On-chain data suggests the Garrett Jin whale entity accumulated **284M Binance Life tokens (~$237M)**, representing ~28.4% of total supply after a 20x run ($0.04โ$0.85).
Arkham links the addresses through shared Binance/Bybit deposits. The same entity previously swapped tens of thousands of BTC for 900K+ ETH at $3,500+, suffered a $230M Hyperliquid liquidation in February, and deposited 577K ETH ($1.35B) to Binance in May before ETH continued declining.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: A whale entity with a mixed track record controlling over a quarter of supply after a 20x run creates two-sided risk. The $237M notional is large enough to move the market either way โ but the shared-deposit-address link is circumstantial, not definitive proof of control.
https://arkm.com/explorer/entity/76440ccf-9902-48a7-86fb-3fa908da01ba
--source: https://x.com/EmberCN/status/2063551089514074596
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