Is Ethereum Price at Risk? The Creditor Who Bought the Most ETH from Genesis Has Started Selling!

Both retail and institutional sales are still continuing in Ethereum (ETH), which has experienced major selling pressure in recent months.

At this point, the creditor who received the most ETH in Genesis Trading's liquidation compensation in August sold.

The creditor, who received 114,502 ETH worth approximately $358.19 million as liquidation compensation from Genesis Trading on August 2, has accelerated its sales in the last 3 days.

According to EmberCN's post, this person sold 12,100 ETH worth approximately $31.43 million in the last 3 days.

According to the data, this person was the creditor who received the most Ethereum in the Genesis Trading liquidation compensation.

“On August 2, an individual received 114,502 ETH ($358.19 million) in liquidation damages from Genesis Trading, making him the creditor who received the most ETH compensation.

He started transferring ETH to FalconX 3 days ago and has sold a total of 12,100 ETH ($31.43 million) so far.

此前在 8 月份 Genesis Trading 清算赔付中获赔 ETH 最多的债权人 0x999…46E，在最近 3 天里出售了 12,100 ETH ($31.43M)。

他在 8/2 收到了 Genesis Trading 清算赔付的 114,502 ETH ($358.19M)，是获赔 ETH 最多的债权人。
他在 3 天前 (9/23) 开始将 ETH 转进 FalconX，目前一共转移了 12,100… https://t.co/eQJewHJeuA pic.twitter.com/ysyrnrmha7

— 余烬 (@EmberCN) September 26, 2024

*This is not investment advice.