On-chain analyst MLM posted on his personal channel that Garrett Jin is highly credible as the whale who sold over $4.23 billion worth of BTC for ETH. However, he raised some questions, including: Why did Garrett reveal his identity through an ENS domain? Why did CZ personally post to verify the authenticity? He used Binance, so KYC should have been able to verify this information. And how could a "working man" have billions of BTC assets? It is reported that some community users have previously called Garrett Jin one of the "culprits of the 1011 crash." In August and September of this year, the whale used a series of wallets to sell over 35,000 BTC for ETH and also engaged in BTC shorting. As of now, Garrett Jin still holds 46,295 BTC worth $5.19 billion in multiple wallet addresses.