A $CEL address attributed to the CEO of Celsius Alex Mashinsky, by crypto intelligence companies Nansen and Arkham Intelligence, offered a few of its holdings for the primary time for the reason that beleaguered lender Celsius halted withdrawals and subsequently filed for chapter.
Celsius’ CEO Dumps His $CEL Tokens
It seems Mashinsky is benefiting from a CEL neighborhood pushed brief squeeze which noticed the value of the token rise to about $2 from a earlier $0.15, after Celsius’ troubles started in late Could to early June.
In keeping with blockchain knowledge explorer and analytics platform Etherscan, Mashinsky’s pockets offered CEL tokens in a number of transactions between Saturday and Tuesday, swapping 17,475 CEL for $28,242 value of ether (ETH) on the decentralized change UniSwap.
Mashinsky is reportedly one of many largest particular person CEL holders after Celsius’ treasury, as proven on the general public itemizing on Celsius’ webpage beforehand. The CEO was discovered to carry extra tokens than the following 4 holders mixed.
The particular pockets that made the latest transactions holds about $1.1 million in CEL tokens and a few ETH and USDC as at press time, in keeping with Nansen’s portfolio tracker.
$CEL worth surges with latest twitter pushed brief squeeze
Two months after Celsius’ community token CEL did an nearly 80% drop from a earlier excessive of round $8, a gaggle of merchants on social media platform Twitter have launched an try and drive the value again up with the CelShortSqueeze hashtag.
It’s mentioned to be a transfer just like final 12 months’s GameStop (GME) brief squeeze. The merchants are placing stress on brief sellers by shopping for CEL tokens on FTX, withdrawing the digital forex from the change to a personal pockets after which setting a promote order at an enormous worth.
As at press time, CEL is buying and selling at $1.80 in keeping with CoinmarketCap. About 300,000 CEL brief positions had been already closed on FTX on Monday in keeping with knowledge offered by Coinglass.
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