Top Creditor Sells 12,100 ETH After Receiving Largest Genesis Trading Liquidation Payout

According to industry insights from COINOTAG on September 26, Ember’s analytics revealed a significant transaction in the crypto market. The primary creditor in the Genesis Trading liquidation, who accumulated the highest amount of ETH in the compensation phase, has recently sold 12,100 ETH, valued approximately at $31.43 million, over the past three days. This creditor originally received a substantial 114,502 ETH, worth around $358.19 million, on August 2, marking the highest compensation payout from the Genesis Trading liquidation. This substantial sale has drawn attention, underscoring the dynamic shifts in ETH holdings post-liquidation.