Ethereum

Celsius

Coin

<ul class="news-points"> 
 <li>Celsius moved 459,561 Ether to multiple exchanges within the last 24 hours.</li> 
 <li>Market participants voiced concern that Celsius could disrupt ETH’s relief rally.</li> 
 <li>Since November, Celsius has moved over $1.6 billion in Ethereum tokens.</li> 
</ul> 
The <a href="https://coinedition.com/ethereum-eth-price-prediction/">price of Ethereum (ETH)</a> may face substantial selling pressure as reports circulate that bankrupt crypto lender Celsius continuously transfers billion-dollar values of ETH to centralized exchanges for potential liquidation. 
On-chain analytics provider Lookonchain and many online pundits have called attention to Celsius’ ETH transactions. Using data from Etherscan, Lookonchain found that Celsius has moved 459,561 Ethereum tokens to multiple exchanges within the last 24 hours. The transferred tokens wield a staggering market value of over $1.014 billion. 
The most prominent beneficiary of the transferred ETH was Coinbase Prime, as Lookonchain suggested. The platform received 297,454 ETH, estimated at $656.5 million. Similarly, the Celsius crypto wallet moved Ethereum worth $323.3 million to stablecoin firm Paxos Treasury. Other recent transactions include $34.4 mil…
The post <a href="https://coinedition.com/dumping-alert-celsius-moves-over-1-billion-eth-to-exchanges/">Selling Pressure Looms as Celsius Moves $1B+ ETH to Exchanges</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Selling Pressure Looms as Celsius Moves $1B+ ETH to Exchanges

Coin Edition

Other articles published on Jan 26, 2024

Bitcoin Capitulation: Holders Flee BTC As Post-ETF Disappointment Hits

OneCoin Scam Lawyer Faces Decade Behind Bars for $400 Million Laundering

Dogecoin’s Price Rollercoaster: Can It Stabilize After Sharp Fluctuations?

Traders Are Losing Confidence in the Bitcoin Rally: Is This a Sign of an Early Pullback?

Shiba Inu On Fire: Over 12 Million SHIB Vaporized – Impact On Price

Alphabet Enhances Chrome Browser with Cutting-Edge Generative AI Features

Join our free newsletter for daily crypto updates!