A wallet suspected to be related to Genesis Trading transferred 30,000 ETH in 14 hours, and may be selling it

According to on-chain analyst Lookonchain (@lookonchain), a whale wallet holding over 110,000 ETH (approximately $235 million) is suspected of selling ETH. In the past 14 hours, the wallet has transferred 30,000 ETH (approximately $68.55 million) to FalconX and Galaxy Digital, and received 7.76 million USDC from FalconX. The wallet may be related to Genesis Trading.