In the past two days, the whale that received the most $ETH compensation from the Genesis Trading liquidation has sold 40 thousand ETH.

According to on-chain analyst Yu Jin, the whale/institution that received the most $ETH compensation from Genesis Trading's liquidation last August has sold 40 thousand $ETH (89.20 million USD) through the broker OTC in the last two days.

In the last two days, he transferred 30 thousand $ETH to Galaxy Digital and 10 thousand $ETH to FalconX. He then received 20 million $USDC from Galaxy Digital and 19.49 million $USDC from FalconX.

The $ETH in this address came from the liquidation compensation of the bankrupt firm Genesis Trading last August. It received a compensation of 114.50 thousand $ETH (358 million USD), making it the address with the highest $ETH compensation at that time. When he received the compensation last year, the price of $ETH was 3,128 USD. Currently, the price of $ETH has dropped by 30% compared to that time. The value of the compensated 114.50 thousand $ETH has decreased by 110 million USD.