Suspected Genesis Trading's GALA whale transferred 50 million GALA to Coinbase 5 hours ago

According to Spot on Chain monitoring, the suspected Genesis Trading GALA whale address transferred 50 million GALAs to Coinbase 5 hours ago after being dormant for 2.2 years, with a current GALA price of $0.041 and an estimated profit of $1.9 million.

In September 2020, the whale acquired 214,098,773 GALA from the Gala Games: NFT Store wallet. 5 hours ago, the token flow was: wallet 0x3bf -> intermediate wallet 0x3bf9 -> wallet 0x16AD (marked as a Genesis transaction on Nansen) -> intermediate wallet 0xbecE -> Coinbase. Currently, the giant whale still holds 164,098,773 GALA in 5 wallets.