Genesis Creditor Sells $31.43M in ETH After $358M Repayment đ°đ„
The largest creditor from Genesis Trading's bankruptcy has sold 12,100 ETH ($31.43M) over three days after receiving a $358M repayment in August.
đŠ The sales, made via FalconX, follow the Genesis liquidation, which distributed $4B in crypto assets to creditors.
With Ethereum (ETH) trading in a tight range between $2,529 and $2,703, this sell-off could add pressure to the market. đ
đž Analysts are watching closely for further moves as the market remains vulnerable to more selling pressure from other creditors. đ$BTC $ETH
