Celsius Begins Selling Altcoins and Swapping for BTC and ETH

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Crypto News > Celsius Begins Selling Altcoins and Swapping for BTC and ETH

According to Lookonchain Celsius Network, has initiated the sale of various altcoins, along with a simultaneous swap for Bitcoin (BTC) and Ethereum (ETH). Notable transactions involving altcoin transfers to FalconX and a deposit into OKEx.

Celsius’ altcoin asset sales have seen a considerable volume of cryptocurrencies transferred to FalconX. Among the notable transfers are:

CryptocurrencyQuantityApproximate Value (USD)
LINK1.27 million$8.5 million
SNX2.83 million$7.84 million
BNB12,597$3 million
1INCH4.45 million$2.26 million
ZRX8.53 million$1.9 million

These transfers highlight Celsius’ efforts to liquidate a significant portion of its altcoin holdings.

In addition to the transfers made to FalconX, Celsius also deposited a substantial amount of altcoins into OKEx. The deposited asset, comprising 186,149 BONE, is valued at approximately $235,000.

Celsius’ recent altcoin asset sales align with its reported strategy of swapping altcoins for Bitcoin (BTC) and Ethereum (ETH).

A transfer of 1,393 StaFi (rETH) to Wintermute Trading, resulting in the receipt of an equivalent amount of ETH (1,393 ETH).
– Celsius currently holds approximately $164.5 million worth of altcoins on the Ethereum Virtual Machine (EVM) chain.

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