CEL’s Price Skyrockets Despite CEL Network Filing for Bankruptcy
2022.07.15 18:23
CEL’s Price Skyrockets Despite CEL Network Filing for Bankruptcy
- CEL experienced an increase in price of around 28.40% to reach $0.733.
- Celsius Network files for bankruptcy following withdrawals being halted.
- Whales are unable to dump their entire CEL holdings.
After the Celsius Network halted withdrawals, it was only a matter of time before they filed for bankruptcy. Despite the bankruptcy news, top holders did not dump significant amounts of their holdings.
At the time of writing, CoinMarketCap shows that the native token for the Celsius Network, CEL, experienced an increase in price of around 28.40% to reach $0.733 over the past 24 hours. This price increase has now taken its fully diluted market cap to approximately $510,830,355.
Despite the increase in CEL’s price, recent data released by the blockchain analytics firm, Santiment, shows that whales are consistently dumping their CEL holdings.
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