sales Archives - Coin Engineer https://coinengineer.net/blog/tag/sales/ Btc, Coins, Pre-Sale, DeFi, NFT Fri, 19 Jul 2024 07:36:49 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png sales Archives - Coin Engineer https://coinengineer.net/blog/tag/sales/ 32 32 Institutional Whales Dumped Millions in Three Altcoins Including AVAX! https://coinengineer.net/blog/institutional-whales-dumped-millions-in-three-altcoins-including-avax/ https://coinengineer.net/blog/institutional-whales-dumped-millions-in-three-altcoins-including-avax/#respond Fri, 19 Jul 2024 17:00:48 +0000 https://coinengineer.io/?p=25381 While some investors are buying dips in Bitcoin and altcoins, other investors are making significant sales by taking advantage of the recent rally. Placeholder Makes Huge Profits from MKR and UMA In this regard, venture capital firm Placeholder invested $32 million in Maker (MKR) and UMA to Coinbase. According to blockchain data analysis platform Spot

The post Institutional Whales Dumped Millions in Three Altcoins Including AVAX! appeared first on Coin Engineer.

]]> While some investors are buying dips in Bitcoin and altcoins, other investors are making significant sales by taking advantage of the recent rally.

Placeholder Makes Huge Profits from MKR and UMA

In this regard, venture capital firm Placeholder invested $32 million in Maker (MKR) and UMA to Coinbase.

According to blockchain data analysis platform Spot On Chain, Placeholder invested $20.9 million worth of 7,250 MKR and $11.9 million worth of 5 million UMA in Coinbase during the day.

Placeholder was an early investor in both MKR and UMA, buying MKR at an average price of $765 and UMA at $0.382.

Comparing the buying prices with the selling prices, Placeholder made a 4x profit on MKR and a 12x profit on UMA.

Galaxy Digital Sells Avalanche (AVAX)

Apart from Placeholder, Galaxy Digital also sold altcoins. According to blockchain analyst The Data Nerd, Galaxy Digital deposited $2.93 million worth of Avalanche (AVAX) to Binance.

Accordingly, Galaxy Digital deposited approximately 105,000 AVAX (2.93 million ) from its over-the-counter (OTC) wallet to Binance.

As a result of the sales, the prices of MKR, UMA, and AVAX fell.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

The post Institutional Whales Dumped Millions in Three Altcoins Including AVAX! appeared first on Coin Engineer.

]]> https://coinengineer.net/blog/institutional-whales-dumped-millions-in-three-altcoins-including-avax/feed/ 0 Germany Continues Bitcoin Sales: How Many Bitcoin Are Left? https://coinengineer.net/blog/germany-continues-bitcoin-sales-how-many-bitcoin-are-left/ https://coinengineer.net/blog/germany-continues-bitcoin-sales-how-many-bitcoin-are-left/#respond Fri, 12 Jul 2024 15:00:39 +0000 https://coinengineer.io/?p=24866 The German government continued its Bitcoin sales on Thursday, offloading another 2,375 BTC worth approximately $140 million. This brings the total amount of Bitcoin sold by the German government this week to over 25,000 BTC. The Bitcoin was sent from a wallet controlled by the German government to Coinbase, Kraken, and Bitstamp exchanges, as well

The post Germany Continues Bitcoin Sales: How Many Bitcoin Are Left? appeared first on Coin Engineer.

]]> The German government continued its Bitcoin sales on Thursday, offloading another 2,375 BTC worth approximately $140 million. This brings the total amount of Bitcoin sold by the German government this week to over 25,000 BTC.

The Bitcoin was sent from a wallet controlled by the German government to Coinbase, Kraken, and Bitstamp exchanges, as well as a wallet believed to be linked to market maker B2C2 Group.

After these transfers, the German government still holds 13,100 Bitcoin, worth approximately $765 million. It is expected that these Bitcoin will also be sold by the end of next week.

You might like: Invesco Lowers Bitcoin ETF Fees to Attract Investors!

The German government began selling Bitcoin on June 19, and has accelerated its sales this week, selling over 25,000 BTC.

Despite the large amount of Bitcoin being sold, the price of Bitcoin has not fallen significantly. Bitcoin is currently trading around $58,000, as it was earlier this morning.

In addition to the German government’s sales, Mt. Gox exchange still holds 94,000 Bitcoin that is waiting to be distributed to creditors. These BTC will also be distributed to eligible creditors over time through Bitstamp, Kraken, and BitGo.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post Germany Continues Bitcoin Sales: How Many Bitcoin Are Left? appeared first on Coin Engineer.

]]> https://coinengineer.net/blog/germany-continues-bitcoin-sales-how-many-bitcoin-are-left/feed/ 0