Celsius Initiates Altcoin Sales After Obtaining Court Approval

Crypto lending company Celsius, which filed for bankruptcy, has started selling its altcoins after receiving court permission to convert them into Bitcoin (BTC) and Ethereum (ETH). Lookonchain, a popular on-chain analytics provider, has shared the list of altcoin sales conducted by Celsius so far. At Least $25 Million Worth of Altcoin Sales Leading on-chain analytics provider Lookonchain reported that Celsius has started selling altcoins and has made at least $25 million worth of sales across 7 different altcoins. According to the data compiled by Lookonchain, the crypto lending company has sold 1.27 million Chainlink (LINK) worth $8.5 million, 2.83 million Synthetix (SNX) worth $7.84 million, 12,597 Binance Coin (BNB) worth $3 million, 4.45 million 1Inch (INCH) worth $2.26 million, 8.53 million 0x Protocol (ZRX) worth $1.9 million, 439,000 FTX Token (FTT) worth $713,000, and 186,149 Bone ShibaSwap (BONE) worth $235,000 in order to convert them into BTC and ETH. Celsius, […]

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