Analyst: The founder of SpiderPool may be one of the agents of the "1011 Insider Whale"; all 886,000 ETH associated with the whale have recently been fully unstaked.

PANews reported on January 6 that Eye, the on-chain analyst who previously uncovered the "1011 insider whale," posted on X that the agent of the "1011 insider whale," Garrett Jin, participated in the creation of two staking pools, "Eth2Depositor (0x2F4)" and "EthBatchDepositor (0xE00)," through his company XHash. Over the past four months, a total of 886,440 ETH was deposited into these pools. This ETH originated from bitcoin swaps on the Hyperliquid/Hyperunit platform in August and September last year, and all of the ETH has recently been unstaked.

Eye also stated that he has tracked down a Singapore-based company called "Hypercieve" on LinkedIn, whose co-founder is Jack Chen. Jack Chen is also the founder of the bitcoin mining company SpiderPool and was a former colleague of Garrett Jin. The two have closely collaborated for many years, and Jack Chen is very likely also one of the agents of the "1011 insider whale."