"‘High Slippage Trade Loss of $50M’ Whale Could Be ‘BTC OG Insider Whale’?"

BlockBeats News, March 13th, LookIntoChain posted on social media that the person who swapped only 50.43 million aEthUSDT for 327 aEthAAVE may be the proxy of the "BTC OG Insider Whale" Garrett Jin.

On-chain sleuthing discovered that 13 wallets suspected to belong to the "High Slippage Trade Whale Losing 50 million" all received USDC or USDT from Binance on February 16th and 20th, became active again today, and funneled funds to 2 new wallets, with one of the wallets sharing a Binance deposit address with Garrett Jin himself.

Garrett Jin sold 261,024 ETH (worth $543 million) and 11,318 BTC (worth $761 million) on February 15th and 20th, coinciding closely with the dates these wallets withdrew stablecoins from Binance.