"Whale Dumps 40k ETH After Genesis Reimbursement"

The address that received a 114,500 ETH reimbursement in the Genesis Trading liquidation has OTC sold 40,000 ETH.

According to recent data, the whale/institution that received the most ETH in compensation during the Genesis Trading settlement in August last year has sold 40,000 ETH ($89.2 million) over the past 2 days through an OTC broker. This whale/institution received 114,500 ETH ($358 million) in the bankruptcy institution Genesis Trading's settlement in August last year, making it the address that received the most ETH in compensation at the time. When they received the compensation last year, the price of ETH was $3,128. The current price of ETH has fallen by 30% since then, causing the value of the 114,500 ETH received in compensation to shrink by $110 million.