Genesis Trading related address moves $68.55M in ETH to FalconX and Galaxy Digital

An address holding over 110,000 ETH ($235 million), suspected of being associated with Genesis Trading, has transferred a total of 30,000 ETH ($68.55 million) to crypto market makers FalconX and Galaxy Digital over the past 14 hours or so, on-chain data monitoring platform Lookonchain reported via X. At the time of writing, ETH is trading at $2,055.50, down 16.57% in the past day, according to CoinMarketCap.