Wallet 0x999 (likely Genesis Trading’s bankruptcy distribution wallet) deposited 30,000 ETH ($68.8M) to FalconX and Galaxy Digital in the past 9 hours:

• transaction 1: 0x69b41a1fdaee3bd86ea7f6c2b86b43d448f38613016080011da95af593906e7b
• transaction 2: 0xed10bc10d5b71f34c1f77a31e4af6d0c1934df8721f39a25e245278c99b7d1f9
• transaction 3: 0x248745593d3aa7034884680e3e55a0844fd82c41b42a5740a3b12dd1ad691d9a
• address: 0x999e77c988c4c1451d3b1c104a6cca7813a9946e

Notably:

• In 2025, the wallet has offloaded 42,800 ETH to FalconX and Galaxy Digital at an average price of $2,629 ($112.51M).
• The wallet's total ETH outflow in 2024 was 93,481 ETH to FalconX, Galaxy Digital, Coinbase, and Bitstamp at an average price of $3,073 ($287.3M).

Currently, the wallet still holds 110,252 ETH ($235.5M).

The ETH price dropped by 15.4% today.

Fig 1. The ETH offloading history of the wallet 0x999 (likely Genesis Trading’s bankruptcy distribution wallet) since January 1, 2024.