Garrett Jin first responded to the rumors: not related to the Trump family, the change of positions has no insider information; the fund does not belong to himself, it belongs to the clients.

On October 13, Garrett Jin, the Whale who previously made headlines by dumping over $4.23 billion in BTC for ETH, posted three updates on his personal X to respond to market rumors. The specific content is as follows: The first update: "To clarify, I have no relation to the Trump family or Don Jr. — this is not insider trading." The second update: "This fund does not belong to me — it belongs to my clients, and we run nodes for them and provide internal research and insights." The third update: "I want to briefly share three points: first, I will explain the bearish view we published at the time; second, my thoughts on the 1011 incident; third, my reflections on how the entire industry can do better."