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Celsius Sells Altcoins After Court Approval

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, and much more. Celsius, 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. On-chain data reveals that Celsius holds assets valued in the millions across 14 different altcoins.

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