Garrett Jin Sells 35,000 Ethereum (ETH) Worth $87.5M After Binance Exit

Garrett Jin Exits 35,000 ETH

Garrett Jin, the Ethereum (ETH) whale whose wallet has been scrutinized over suspected insider positioning just before last October's record liquidation cascade, has fully exited his ETH holding. On-chain analytics tracked the address withdrawing 35,000 ETH from Binance, one of the top crypto exchanges by volume, a stash worth roughly $87.5 million, and selling the entire amount at an average of $2,500 per coin through spot trading. The exit did not end in stablecoins: part of the proceeds was routed into fresh margin for a Zcash (ZEC) short that is currently carrying about $30 million in unrealized losses. The collateral top-up lifted the short's liquidation price from $2,631 to $4,738, giving the trade a substantially wider cushion before forced closure becomes a risk. Jin's address has ranked among the most closely watched in crypto since analysts flagged that it appeared to profit from non-public information ahead of the largest forced-liquidation event in market history last October. The latest sale, executed near recent local highs, adds fuel to the debate over whether major holders are using strength in ETH to trim exposure — a flow traders watch closely as a potential supply overhang.

JUSTICE Token Spikes 743%

A two-word post from Julian Assange sent an almost-forgotten token in the Ethereum ecosystem soaring. AssangeDAO (JUSTICE), minted in 2022 to crowdfund the WikiLeaks founder's legal defense, jumped 743% in 24 hours after Assange returned to X declaring “I'm back.” Most coverage assumed a two-year absence; Assange himself corrected the record, saying his last personal post came in 2018 — an eight-year silence during which his defense campaign ran the @DefendAssange handle. He has kept a low profile in Sydney since a 2024 plea deal secured his release. Coingecko price data shows JUSTICE averaged under $800 in daily turnover over the past month, a figure that hit roughly $231,000 during the surge. Liquidity stays thin in absolute terms: nearly all trading ran through a single Uniswap pool, the dominant pair on the largest decentralized exchange dapp, and the fully diluted valuation sits near $2.5 million. JUSTICE still trades about 95% below its February 2022 record. Traders have chased attention spikes like this before — an August meme-coin wave lifted one token 10,000% and BASECAT more than 2,000% in a single day, and both moves faded fast.

AssangeDAO's 2022 Origins

The mechanics behind AssangeDAO explain why a single post can move it so violently. Launched in February 2022, the DAO pooled 16,593 ETH from supporters — worth about $53 million at the time — to fund Assange's legal defense, then bought an NFT from the artist Pak. The Wau Holland Foundation later spent the proceeds on legal costs, and the token's smart contract has largely sat idle as the community dispersed. The episode also revives one of crypto's founding narratives. After Visa, Mastercard and PayPal severed services to WikiLeaks in December 2010, the site began accepting Bitcoin in June 2011 — an early real-world test of censorship-resistant money. Satoshi Nakamoto objected at the time, writing on bitcointalk that “WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us.” Assange later credited those donations with keeping WikiLeaks funded, claiming returns approaching 50,000%. In 2024, an anonymous donor sent 8 BTC to clear roughly $500,000 in charter-flight debt. Crypto donations again reached Venezuela within days of its June earthquakes. JUSTICE, in short, trades on that history rather than on any fresh project development. Readers tracking the market in real time can follow live spot and futures prices on Binance.

ETH at $2,500: Composite Read

COINOTAG's proprietary 42-indicator composite S/R scoring engine frames the setup with ETH at $2,513, up 3.32% in 24 hours. The nearest resistance at $2,609 scores 79/100 (STRONG) on ATR Upper, Donchian Upper and Swing High confluence, with immediate supply at $2,514 rated 60/100 (HVN, R2, MACD Cross). The strongest support sits at $2,431, scoring 83/100, driven by BB Lower, S2 and a flip of prior resistance. Derivatives positioning leans constructive: funding at 0.0068%, open interest of $10.43 billion and a 1.53 long/short ratio signal a modest long bias, while Fear & Greed at 56 reflects Greed. With RSI at 58.91 alongside a bearish MACD signal, a close above $2,609 would extend the uptrend, and losing $2,431 would invalidate the bullish case — see our earlier coverage of the $187.96 million ETH liquidation flush for how fast positioning can unwind.