Whale Sells 40,000 ETH After Genesis Trading Liquidation

• A whale sold 40,000 ETH ($89.2M) through OTC in two days.
• The address previously received 114,500 ETH from Genesis Trading’s liquidation.
• The move raises speculation on future ETH price trends.

A major crypto whale has offloaded 40,000 ETH, worth approximately $89.2 million, in an over-the-counter (OTC) transaction over the past two days. This whale had previously received 114,500 ETH—equivalent to $358.19 million—during the liquidation of Genesis Trading in August last year. The large-scale transaction has caught the attention of Market analysts, sparking speculation about its potential impact on Ethereum’s price and broader market trends.

Genesis Trading Liquidation: A Recap

Genesis Trading, a once-prominent digital asset lender, faced liquidation issues following a turbulent period in the crypto market. As part of the liquidation process, significant amounts of ETH were distributed to creditors, including the whale in question. The whale’s recent sale of 40,000 ETH represents a sizable portion of these holdings, leading to speculation about whether more sales could follow.

The whale/institution that received the most ETH compensation from the liquidation of Genesis Trading in August last year sold 40,000 ETH (US$89.2 million) through OTC in the past two days. This address received 114,500 ETH (US$358.19 million) in August last year. @EmberCN…

— Wu Blockchain (@WuBlockchain) March 5, 2025

Market Implications of the ETH Sale

Large transactions like these often influence market sentiment. The sale of such a significant ETH amount through OTC means it won’t immediately affect exchange liquidity. However, investors are keeping a close eye on the whale’s next move, as further selling pressure could impact Ethereum’s price action. The broader crypto community remains on alert to see if this signals a shift in institutional confidence in Ethereum.