Crypto NewsAltcoinFTX, Alameda and Celsius Continue Selling Large Amounts of Bitcoin and Altcoins:...

FTX, Alameda and Celsius Continue Selling Large Amounts of Bitcoin and Altcoins: Here Are The Latest Activity

Bankrupt cryptocurrency companies FTX, Alameda and Celsius sold large amounts of Bitcoin and altcoins, according to onchain data.

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As bankruptcy liquidation processes continued, two major institutions, Celsius and FTX/Alameda, continued to transfer significant assets.

Celsius transferred 34.08 million MATIC, corresponding to approximately $26 million, to cryptocurrency exchange Binance.

Overall, over the past 2 days, Celsius Network deposited 56.8 million MATIC ($44.5 million) on Binance at an average of $0.784. It seems that the MATIC price decreases after each deposit. However, according to onchain data, Celsius now costs 1.55 million dollars, a very low amount compared to his previous transfers, at the time of writing this article.

However, the company still has ETH worth $1.44 billion and BTC worth $407 million.

Related News  FTX and Alameda Sold Huge Amount of Altcoins Again During the Recent Bitcoin Spot ETF Rally: Here Are the Sales and Final Portfolio

FTX/Alameda also got active, transferring 207 WBTC (worth about $8.6 million) and 1,150 ETH (worth about $2.85 million) to Wintermute. An additional 135 WBTC (approximately $5.6 million) was also moved to Binance.

FTX and Alameda Research have moved 86 different tokens worth $696 million to exchanges on Ethereum, Solana and Avalanche since October 24, 2023.

*This is not investment advice.



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