💦💦The Whale That Received the Largest Ethereum Compensation Is Selling It Big: It Dumped $31 Million! 💦💦

According to information shared by crypto analyst EmberCN, a whale that received Ethereum compensation from a bankrupt company made a big sale. The creditor with the wallet address “0x999…46E”, who received the most Ethereum from the liquidation of Genesis Trading, which went bankrupt last August, sold a significant amount of ETH in the last three days.

According to EmberCN's data, this whale sold 12,000 ETH worth $31.2 million in the last three days. Evaluating the increases in prices after the long liquidation process, these sales of the whale were considered a reasonable assurance move.

While many investors continue to try to get their assets back after the bankruptcy of Genesis Trading, the impact of such big sales on the market is inevitable. Whale sales can increase the pressure on the market and have a downward effect on prices. However, it is anticipated that these sales are only a portion of the whale's assets and that more sales may be made.

Ethereum, which has increased by 1% in the last 24 hours, is trading at $2,623 at the time of writing.

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