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.

2026-01-06 12:44:09

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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.

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