Here’s List of Coins Celsius Will Dump in July Under Reorganization Bid
- Celsius Network plans to sell all customer-held altcoins starting July 1.
- The sale excludes Custody and Withheld accounts.
- The company holds around $215 million worth of altcoins, including CEL, MATIC, and ADA.
Celsius Network, the troubled crypto lender, has announced its latest move amid the digital asset market’s recovery. In a tweet, Celsius revealed its plan to sell all altcoins held by its customers, except those in Custody and Withhold accounts, beginning July 1, 2023.
According to a court report, Celsius Network is currently holding approximately $215 million worth of altcoins, which will potentially be dumped from July 1. Among the extensive list of altcoins, Celsius possesses 6.6 million Celsius tokens (CEL) valued at around $70.5 million.
Another significant altcoin held by Celsius Network is Polygon (MATIC), amounting to approximately $51.8 million. However, MATIC has already experienced a decline over the past week, which is curr…
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Here’s List of Coins Celsius Will Dump in July Under Reorganization Bid
- Celsius Network plans to sell all customer-held altcoins starting July 1.
- The sale excludes Custody and Withheld accounts.
- The company holds around $215 million worth of altcoins, including CEL, MATIC, and ADA.
Celsius Network, the troubled crypto lender, has announced its latest move amid the digital asset market’s recovery. In a tweet, Celsius revealed its plan to sell all altcoins held by its customers, except those in Custody and Withhold accounts, beginning July 1, 2023.
According to a court report, Celsius Network is currently holding approximately $215 million worth of altcoins, which will potentially be dumped from July 1. Among the extensive list of altcoins, Celsius possesses 6.6 million Celsius tokens (CEL) valued at around $70.5 million.
Another significant altcoin held by Celsius Network is Polygon (MATIC), amounting to approximately $51.8 million. However, MATIC has already experienced a decline over the past week, which is curr…
The post Here’s List of Coins Celsius Will Dump in July Under Reorganization Bid appeared first on Coin Edition.
Read More