Suspected that the address of a certain institution deposited 8,000 ETH into CEX six hours ago, and if sold, it would result in a loss of $6.68 million.

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ODAILY
08-06
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According to the monitoring of on- Odaily analyst @ai_9684xtpa, "the whale who received 40,000 ETH from Genesis Trading OTC four days ago" recharged 8,000 ETH to Bybit, OKX, and Binance six hours ago, about 18.65 million US dollars. If sold, it will lose 6.68 million US dollars. These 40,000 ETH are worth 126 million US dollars, with an average price of 3,167 US dollars. Currently, the remaining 28,587 ETH still have a floating loss of 18.43 million US dollars. Judging from the operation records, the address may belong to an institution.

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