Bankrupt cryptocurrency loan company Celsius Network continues to send altcoins to exchanges in order to repay its creditors.
Celsius, which previously attracted attention with Ethereum (ETH) transfers, continues to remain on the agenda with Polygon (MATIC) transfers in recent days.
According to data cited by on-chain analyst EmberCN on January 20 and based on Etherscan sources, Celsius Network sent 34.08 million Polygon (MATIC) worth $26 million to Binance in a single transaction.
Celsius had recently sent 25.75 million MATIC worth $21.26 million to Binance, causing a drop in price.
Data that day showed that the company still had 34.08 million MATIC on hand, worth $26 million. However, with the transfer on January 20, Celsius disposed of all MATIC assets.
According to CoinGecko data, MATIC, which has lost 1.7% in value in the last 24 hours, is trading at $ 0.77 at the time of writing.
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So who will benefit?
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I EXPLAIN IN DETAIL.
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Enter the Futures Section from your application,
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WHEN WILL THE AWARD COME?
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