Genesis Trading, currently embroiled in bankruptcy proceedings, has moved a substantial amount of Ethereum, signaling potential asset liquidations. This move, involving a total of 40,000 ETH, equivalent to about $126.8 million, has raised eyebrows in the financial community and hinted at ongoing efforts to address the company’s financial woes.
Massive ETH Transfers and Their Implications
According to data from Arkham Intelligence, Genesis Trading has executed significant Ethereum transfers in recent days.·
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