Digital Currency Group (DCG), the giant investor of the crypto money industry, may be selling its cryptocurrencies to provide liquidity in these difficult days.
Having had a difficult time financially lately Digital Currency Group‘Fame selling his assets allegations are circulating. According to analysts, especially under the auspices of DGC Genesis dragging such a big formation to the brink of bankruptcy, brought along millions of dollars of debt, and DGC may have preferred the sale of its crypto assets as a precaution.
According to data provided by the on-chain analytics platform Santiment Ethereum Classic (ETC), Flow (FLOW), Mask Network (MASK), Filecoin (FIL), Ocean Protocol (OCEAN), Yield Guild Games (YGG), Reserve Rights (RSR), Polkadot (DOT), Livepeer (LPT) , Decentraland (MANA), Basic Attention (BAT) and NEAR Protocol (NEAR) Cryptocurrencies in DGC’s portfolio have experienced similar sudden losses since Friday. ELEPHANT in a day 40%, FLOW and RSR 20%, OCEAN if 18% lost value.
If DGC, FTX If it encounters more liquidity problems such as DGC founder Barry SilbertNo statement has been made yet on the subject.
In DGC’s portfolio bitcoin and on Ethereum including 18 different cryptocurrencies is located. According to the records, these cryptocurrencies are among Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Hedera Hashgraph (HBAR), Filecoin (FIL), Flow (FLOW), Zcash (ZEC), Decentraland (MANA), The Graph (GRT), Stacks ( STX), Basic Attention Token (BAT), Livepeer (LVP), Reserve Rights (RSR), Horizen (ZEN), Ocean Protocol (OCEAN), Civic (CVC), API3 (API3) and Handshake (HNS) exists.