Ethereum

Celsius

Cream Finance

Metal DAO

Spot

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/celsius-network-and-ftx-continue-asset-liquidation/" data-wpel-link="internal">Celsius Network and FTX Continue Asset Liquidation</a> 
In 2022, the crypto lending company Celsius Network and the cryptocurrency exchange FTX made headlines with their bankruptcies, shaking the market. The asset sales of both companies are ongoing. On-chain data provider Spot On Chain reported that in the last 10 hours, both institutions transferred assets worth $59.06 million to centralized cryptocurrency exchanges. 
<h2 style="text-align: justify" id="strong-celsius-and-ftx-keep-unloading-assets-to-the-market-strong">Celsius and FTX Keep Unloading Assets to the Market</h2> 
According to the latest findings by Spot On Chain, Celsius Network and FTX have moved 6 altcoins worth $59.06 million to centralized cryptocurrency exchanges in the last 10 hours. The data shows that about 10 hours ago, Celsius Network transferred 22,500 <a href="https://en.coin-turk.com/crypto-analyst-predicts-massive-rally-for-ethereum-in-the-coming-months/" data-wpel-link="internal">Ethereum</a> (ETH) valued at $50.78 million, at a price of $2,257 each, to the Coinbase exchange. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-308017" src="https://coin-turk.com/wp-content/uploads/2024/01/Altcoin-satis.jpeg" alt="" width="801" height="691"> 
Following the sale of ETH worth $50.78 million, Celsius Network has 30,969 ETH left, valued at $90.9 million. Market observers expect the company to sell these ETH holdings soon. 
FTX and its investment arm Alameda Research have moved $8.28 million worth of 6 altcoins including ETH, OKB (OKB), Metal DAO (MTL), Prom (PROM), DFI.Money (YFII), and Cream Finance (CREAM) to centralized cryptocurrency exchanges in the last 4 hours. According to the data, FTX and Alameda Research have dumped $707 million worth of 91 assets into the market by transferring them to centralized cryptocurrency exchanges since October 24, 2023. 
<h2 style="text-align: justify" id="strong-asset-sales-by-celsius-network-accelerate-strong">Asset Sales by Celsius Network Accelerate</h2> 
Spot On Chain reported just a day earlier, on January 26, that Celsius Network had transferred ETH worth $1.02 billion to various centralized cryptocurrency exchanges for liquidation. The bankrupt crypto lending company was found to have transferred 305,254 ETH worth $674 million to Coinbase Prime, 146,507 ETH valued at $324 million to Paxos, and 7,800 ETH worth $17.02 million to FalconX. 
Since November 13, 2023, Celsius Network has moved over 780,000 ETH valued at more than $2 billion to FalconX, Coinbase, OKX, and Paxos. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/celsius-network-and-ftx-continue-asset-liquidation/" data-wpel-link="internal">Celsius Network and FTX Continue Asset Liquidation</a></h5>

Celsius Network and FTX Continue Asset Liquidation

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