Data: The wallet of the largest beneficiary of Genesis Trading's liquidation compensation has sold 40,000 ETH in the past two days
ChainCatcher news, according to on-chain analyst Ember (@EmberCN), the whale that received the most ETH from the Genesis Trading liquidation last year has sold 40,000 ETH (approximately 89.2 million USD) through over-the-counter trading in the past two days.
The address transferred 30,000 ETH to Galaxy Digital and received 20 million USDC, and also transferred 10,000 ETH to FalconX and received 19.49 million USDC.
This whale received 114,500 ETH (approximately 358 million USD) from the Genesis Trading liquidation last August, when the price of ETH was 3,128 USD. Currently, the price of ETH has dropped by about 30% compared to that time.
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