🚀 Largest Genesis Trading Creditor Sells 12,100 ETH
#GenesisTrading #ETH #cryptocurrency #liquidation #blockchain
According to Odaily, the largest creditor from the Genesis Trading liquidation in August has sold 12,100 ETH, valued at approximately $31.43 million, over the past three days. This creditor had received 114,502 ETH, worth around $358.19 million, on August 2 as part of the liquidation payout.#GenesisTrading #ETH #cryptocurrency #liquidation #blockchain
🚀 Mark Cuban Receives 475 ETH From Genesis Trading Address
#MarkCuban #ETH #GenesisTrading #Cryptocurrency #Ethereum #Investment #Polygon #Arbitrum #Swell #ARB
According to Odaily, blockchain analyst @ai_9684xtpa reported that 11 hours ago, Mark Cuban received 475 ETH (approximately $1.28 million) from a Genesis Trading-associated address. This transaction marks his first Ethereum activity in three months. Cuban's involvement in cryptocurrency trading dates back to 2017 when Ethereum was priced at $400. Data from Rootdata indicates that he has also invested in notable projects such as Polygon, Arbitrum, and Swell.#MarkCuban #ETH #GenesisTrading #Cryptocurrency #Ethereum #Investment #Polygon #Arbitrum #Swell #ARB
🚀 Whale Wallet Transfers Significant ETH Holdings
#WhaleWallet #ETH #Ethereum #Crypto #PANews #GalaxyDigital #FalconX #GenesisTrading
According to PANews, a whale wallet holding over 110,000 ETH, valued at approximately $235 million, appears to be selling its Ethereum holdings. In the past 14 hours, the wallet has transferred 30,000 ETH, worth $68.55 million, to FalconX and Galaxy Digital. Additionally, it received 7.76 million USDC from FalconX. The wallet is potentially linked to Genesis Trading.#WhaleWallet #ETH #Ethereum #Crypto #PANews #GalaxyDigital #FalconX #GenesisTrading
🚀 Major Ethereum Whale Sells 40,000 ETH Amid Market Decline
#Ethereum #Whale #ETH #MarketDecline #GenesisTrading #GalaxyDigital #FalconX #Cryptocurrency #Liquidation #USDC
According to Odaily, a significant Ethereum holder, who received the largest compensation in ETH during the liquidation of Genesis Trading last August, has recently sold 40,000 ETH through an over-the-counter broker. The sale, valued at approximately $89.2 million, occurred over the past two days. The whale transferred 30,000 ETH to Galaxy Digital and 10,000 ETH to FalconX, receiving $20 million USDC from Galaxy Digital and $19.49 million USDC from FalconX in return.
The Ethereum in question originated from the liquidation compensation of the bankrupt Genesis Trading, where the address received 114,500 ETH, valued at $358 million at the time. When the compensation was received, the price of ETH was $3,128 USDT. However, the current price of ETH has decreased by 30%, leading to a depreciation of $110 million in the value of the compensated ETH.#Ethereum #Whale #ETH #MarketDecline #GenesisTrading #GalaxyDigital #FalconX #Cryptocurrency #Liquidation #USDC