Celsius

Coin

<ul class="news-points"> 
 <li>Data tracker Lookonchain noted many transfers from Celsius to FalconX and other exchanges, with one worth $10.6 million.&nbsp;</li> 
 <li>Lookonchain suggested that the bankrupt crypto lender might want to sell its crypto assets as prices increase.&nbsp;</li> 
 <li>Celsius last week secured U.S. Court approval to transition into crypto mining.&nbsp;</li> 
</ul> 
A recent report from data tracker Lookonchain suggested bankrupt crypto lender Celsius might be looking to take advantage of rising cryptocurrency prices.&nbsp; 
Notably, Lookonchain, in a tweet on X, mentioned several transactions from a wallet address associated with Celsius. Per the tweet, the data tracker noted Celsius transferred 5,160 ETH, worth around $10.6 million at current market prices, to crypto trading platform FalconX. 
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 We noticed that <a href="https://twitter.com/hashtag/Celsius?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Celsius</a> transferred 5,160 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> ($10.63M) to <a href="https://twitter.com/hashtag/FalconX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#FalconX</a>. And <a href="https://twitter.com/hashtag/Celsius?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Celsius</a> also transferred a lot of tokens to exchanges and <a href="https://twitter.com/hashtag/FalconX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#FalconX</a> 5 days ago. It seems that <a href="https://twitter.com/hashtag/Celsius?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Celsius</a> wants to sell some assets with the rising prices.<a href="https://t.co/3gGOucC9gY" target="_blank" rel="nofollow">https://t.co/3gGOucC9gY</a> <a href="https://t.co/ILhpK0qLJy" target="_blank" rel="nofollow">pic.twitter.com/ILhpK0qLJy</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1724347865135517951?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 14, 2023</a>
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According to Lookonchain, the recent transaction follows several transactions from the crypto lender …
The post <a href="https://coinedition.com/bankrupt-celsius-transfers-10-6m-to-falconx-lookonchain/">Bankrupt Celsius Transfers $10.6M to FalconX: Lookonchain</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bankrupt Celsius Transfers $10.6M to FalconX: Lookonchain

Coin Edition

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