Approximately 15% of the $1.817 billion BTC and ETH liquidated and distributed by Genesis Trading have been transferred out or sold
PANews reported on August 8th that, according to on-chain analyst Yu Jin's monitoring, Genesis Trading distributed $1.817 billion worth of BTC and ETH to 203 addresses through a liquidation distribution address on August 2nd. The data shows that approximately 15% of the BTC and ETH were transferred or sold, while the remaining 85% has not moved.
The specific distribution and transfer details are as follows:
BTC:
• Distribution quantity: Genesis distributed 24,073 BTCs valued at about $1.377 billion to 154 addresses via the bc1…mux address in the BTC network.
• Transfer quantity: In the past six days, approximately 3,558 BTCs (worth $203.5 million) have been transferred or sold, accounting for 15% of the total distribution amount.
• Unmoved quantity: After receipt, there was no movement of around20,414 BTCs (valued at about $1.167 billion).
ETH:
• Distribution quantity: Genesis distributed around179,690 ETHs valued at about $440 million to49 addresses via the0xC62…6C4 address inthe ETH network.
• Transfer quantity: Inthe past six days ,approximately27 ,548ETHs(worth$67 .5million )have beentransferredor sold ,accountingfor15 %ofthetotaldistributionamount .
• Unmovedquantity :Afterreceipt ,there wasnomovementofaround152 ,142ETHs(valuedatabout$372 .7million ).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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