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Crypto lending company Celsius has begun selling its altcoins after receiving court approval. Lookonchain has shared the list of altcoin sales conducted by Celsius so far, which includes LINK, MATIC, AAVE, and others.
Celsius Sells $25M Worth of Altcoins
Leading on-chain analytics provider Lookonchain revealed that Celsius has initiated the sale of altcoins, making sales worth over $25 million across seven different altcoins.
According to data compiled by Lookonchain, Celsius sold various altcoins, converting them into BTC and ETH. The sales included 1.27 million #Chainlink (LINK) valued at $8.5 million, 2.83 million #Synthetix (SNX) valued at $7.84 million, 12,597 Binance Coin (BNB) valued at $3 million, 4.45 million #1Inch (INCH) valued at $2.26 million, 8.53 million 0x Protocol (ZRX) valued at $1.9 million, 439,000 FTX Token (FTT) valued at $713,000, and 186,149 Bone ShibaSwap (BONE) valued at $235,000.
Celsius, a crypto lending company that filed for bankruptcy in July 2022, received court approval to convert its altcoins into BTC and ETH starting from July 1st. The company has already started selling altcoins to raise funds.
Celsius Altcoin Holdings
On-chain data reveals that Celsius holds assets valued in the millions across 14 different altcoins. The quantities of these altcoins held by the company are as follows:
Celsius (CEL): 60,348,000
Polygon (MATIC): 91,630,000
Chainlink (LINK): 103,065,000
Polkadot (DOT): 1,832,000
(LTC): 197,000 Litecoin
(AAVE): 106,000 Aave
Bitcoin Cash (BCH): 53,000
FTX Token (FTT): 439,000
Uniswap (UNI): 864,000
Solana (SOL): 145,000
Stellar (XLM): 47,851,000
Binance Coin (BNB): 19,000
EOS (EOS): 3,119,000
Serum (SRM): 5,567,000
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.