Garrett Jin, a whale, deposited nearly 578,000 ETH into Binance over four days, incurring a loss of approximately $1.3 billion.

CoinFeed reported on May 11 that, according to Lookonchain monitoring, Garrett Jin, an agent of the "1011 insider whale," deposited his remaining 225,627 ETH ($528.19 million) into Binance. In just four days, he deposited all 577,896 ETH ($1.35 billion) into Binance. Most of this ETH was exchanged from BTC eight months ago when the ETH price was $4,591, representing a current loss of approximately $1.3 billion.