GSR Markets completed moving all 74.13M NEIROETH back to Bybit

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Oct 25, 19:42

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GSR Markets completed moving all 74.13M NEIROETH back to Bybit

Outflow

Related addresses

GSR Markets (likely) 0x56F

Total tokens transferred

39.130M

NEIROETH

Related transactions

GSR Markets (likely) 0x56F

Bybit deposit

Oct 25, 19:37

Wallet 0x56f (likely GSR Markets) just deposited the remaining 39.13M NEIROETH ($2.73M) to Bybit:

transaction: 0xa747d9a0dbed38fbcc5479597046bed31d6f6d57b4d6959a879c9e120d43b563
address: 0x56f9f854e3b22307ad9fc6f57c57f302c519fbc5
This address belongs to the entity GSR Markets

Notably:

This wallet withdrew 74.13M NEIROETH, or 7.41% of the total supply, from Bybit at an average price of $0.084 (estimated cost: $6.2M) between October 8 and 21, 2024.
In the last 7 hours, the wallet deposited all NEIROETH back to Bybit. However, this action is likely intended to provide more liquidity rather than to sell. If it were a true sale at an average price of $0.075 ($5.53M), it would result in a loss of $669K (-10.8%) after just 18 days.

The NEIROETH price dropped 12.5% in the past 7 hours.

Fig 1. The overall NEIROETH trading history of the wallet 0x56f (likely GSR Markets).

#neiroeth

#neiro on ethereum

#gsr markets

#deposit

#bybit

#loss

#price drop

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Wallet 0x56f (likely GSR Markets) completed depositing all 74.13M NEIROETH back to Bybit

Last synced: Oct 26, 02:30

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