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Analyst: The founder of SpiderPool may be one of the agents of the "1011 Insider Whale." The 886,000 ETH associated with the whale has recently been fully unstaked.
PANews January 6th News, previously on-chain analyst Eye who uncovered the “1011 Insider Whale” posted on the X platform that the “1011 Insider Whale” agent Garrett Jin participated in creating two staking pools, “Eth2Depositor (0x2F4)” and “EthBatchDepositor (0xE00)”. Over the past four months, a total of 886,440 ETH have been deposited. These ETH came from Bitcoin swaps on the Hyperliquid/Hyperunit platform in August and September of last year, and all ETH has recently been unstaked.
Eye also stated that he tracked a Singapore-based company called “Hypercieve” on LinkedIn. Its co-founder, Jack Chen, is also the founder of Bitcoin mining company SpiderPool and was a former colleague of Garrett Jin. The two have worked closely for many years, and Jack Chen is very likely to be one of the “1011 Insider Whale” agents.