「ETH Whalesong Master」 Floating Profit Expands to $11 Million, Now the Largest On-Chain ETH Long

On March 13, crypto analytics platform LookOnChain said in a social media post that the individual who swapped just 50.43 million aEthUSDT for 327 aEthAAVE may be a proxy for Garrett Jin, the so-called "BTC OG Insider Whale." On-chain sleuths uncovered that 13 wallets suspected of belonging to the "High Slippage Trade Whale (who lost $50 million)" all received USDC or USDT from Binance on February 16 and 20. These wallets reactivated today, funneling funds to two new wallets—one of which shares a Binance deposit address with Garrett Jin himself. Garrett Jin sold 261,024 ETH (valued at $543 million) and 11,318 BTC (valued at $761 million) on February 15 and 20, with the timing closely aligning with when those wallets withdrew stablecoins from Binance.

**Binance Unveils Simple Earn Campaign for Ripple’s Stablecoin RLUSD** Binance announced on March 13 that it’s launching a Simple Earn campaign for Ripple’s stablecoin RLUSD. During the campaign, users who subscribe to RLUSD’s flexible savings product can earn up to 8% annualized interest. This return combines a real-time annualized rate and an exclusive tiered bonus annualized rate. **Campaign Period** March 13, 2026, 00:00:00 UTC – March 26, 2026, 23:59:59 UTC

March 13 — Data from Coinglass shows the cryptocurrency market rebounded this morning, with Bitcoin hitting $72,000 and Ethereum touching $2,148. Funding rates across major centralized (CEX) and decentralized (DEX) exchanges signal easing bearish sentiment: rates for various trading pairs have returned to neutral after previously being negative. Rates for specific mainstream coins are available in the attached image. BlockBeats Note: Funding rates are fees set by crypto exchanges to keep perpetual contract prices aligned with underlying asset prices. They facilitate fund transfers between long and short traders—exchanges do not collect these fees. The mechanism adjusts the cost or profit of traders holding contracts to maintain parity with the underlying asset. A 0.01% funding rate is the baseline. Rates above 0.01% indicate broadly bullish sentiment, while rates below 0.005% signal broadly bearish sentiment.

March 13: Binance founder CZ commented on a user who incurred a slippage loss of over $50 million while purchasing AAVE, stating: "Very unfortunate—liquidity is the best user protection."

March 13: Per Onchain Lens monitoring, a whale wallet dormant for 10 months withdrew 1,870 XAUT from OKX 8 hours ago—valued at $9.54 million.

March 13th — Solana Superteam USA has officially launched, with a mission to accelerate U.S.-based entrepreneurs joining the Solana ecosystem. Founded by Nicky Scanz (also the founder of decentralized validation project Layer33 and host of podcast *The Index Show*), the initiative builds on his background: Scanz previously got his start with a Solana community NFT project, then pivoted to ecosystem development and strategic consulting, and now focuses on growing the U.S. Solana builder community.