Ethereum

Celsius

Million

Coin

<ul class="news-points"> 
 <li><strong>About $84.33 million worth of CEL was moved to an unknown wallet by the project.</strong></li> 
 <li><strong>CEL could drop to $0.11 as long as selling pressure remains dominant.</strong></li> 
 <li><strong>Buying momentum has to increase for the token to have any short-term growth potential.</strong></li> 
</ul> 
<p>Decentralized lending project <a href="https://coinedition.com/expert-explains-celsius-coming-crypto-distribution-confirmation-hearing/">Celsius (CEL)</a> has transferred a substantial amount of its holdings to a new wallet. Cam Crews, who is a developer, made it known that CEL tokens were not the only cryptocurrencies involved in the movement.</p> 
<p>According to Crews, Celsius transferred about $30 million worth of Ethereum (ETH) and other stablecoins alongside $84.33 million worth of CEL.</p> 
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   <p lang="en" dir="ltr">Celsius transferred around $30M of crypto (a mix of ETH and stablecoins) and nearly all CEL token in existence to a new wallet 0x47e from their <a href="https://twitter.com/FireblocksHQ?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@FireblocksHQ</a> wallet 0x413.<br><br>The new wallet was first funded by Celsius but they have not yet provided guidance about the transactions. <a href="https://t.co/wIYLvAYXEu" target="_blank" rel="nofollow">https://t.co/wIYLvAYXEu</a></p>— Cam Crews (@camcrews) <a href="https://twitter.com/camcrews/status/1712346058934612200?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 12, 2023</a>
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<p>While the reasons for the movement were undisclosed at press time, speculation went around that the network was either planning to secure its assets or offload some of them. On October 5, Celsius recently revea…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/celsius-cel-move-653-million-tokens-to-a-new-wallet-to-what-end/">Celsius (CEL) Move 653 Million Tokens to a New Wallet: To What End?</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Celsius (CEL) Move 653 Million Tokens to a New Wallet: To What End?

Coin Edition

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