Genesis is Preparing for a $33.6 Million Altcoin Sale! Which Altcoins Are There?

Cryptocurrency lending company Genesis, which is in bankruptcy, altcoin is preparing to sell.

According to Lookonchain’s post Genesis Trading deposited $33.67 million worth of altcoins into Gemini during the day.

While more than 30 altcoins worth 33.6 million dollars were transferred, the altcoins were listed as follows:

“16.4 million GRT (valued at $4.69 million)
396 million AMP ($2.94 million worth)
123 thousand INJ (worth $2.93 million)
32,331 AAVE (valued at $2.88 million)
970 PAXG ($2.26 million worth)
9.19 million BAT (valued at $2.25 million)
…..”

Apart from these, among the altcoins transferred: CRV, APE, LINK, SUSHI Popular altcons such as were also included.

Lookonchain also listed the cryptocurrencies Genesis currently holds.
Accordingly, Genesis has Bitcoin (BTC), Ethereum (ETH), Compound (COMP), Avalanche (AVAX), SHIB, RNDR, MKR There are cryptocurrencies such as.

These sales are expected to be sold not all at once, but at regular intervals over time through bots to avoid dumping the market.

Genesis Trading deposited $33.67M of assets to #Gemini 6 hours ago
Including:
16.4M $GRT($4.69M)
396M $AMP($2.94M)
123K $INJ($2.93M)
32,331 $AAVE($2.88M)
970 $PAXG($2.26M)
9.19M $BAT($2.25M)
…

And Genesis Trading currently holds $2.41B of assets.
Including:
32K $BTC($2.02B)… pic.twitter.com/Z8D3LJhojc

— Lookonchain (@lookonchain) May 10, 2024

*This is not investment advice.