0 reactions
Bankrupt Crypto Lender Celsius Moves Over $10,000,000 Worth of Ethereum (ETH) To Exchange: On-Chain Data
An address associated with failed crypto lending platform Celsius has moved millions of dollars worth of Ethereum ( ETH ) to an exchange, according to on-chain data.
Citing data obtained from blockchain explorer Etherscan, on-chain data tracker Lookonchain says that Celsius moved 5,160 ETH worth approximately $10.49 million to institutional crypto trading platform FalconX.
According to Lookonchain, Celsius, which filed for bankruptcy in July of 2022, possibly “wants to sell some assets with the rising prices.”
Ethereum is trading at $2,033 at time of writing, up by nearly 80% year-to-date.
In the first half of the year, Celsius also moved 428,000 staked Ether ( STETH ), worth $780 million at the time, from the liquid staking solution Lido Finance.
Lookonchain further says that Celsius also moved various tokens to FalconX as well as Binance and OKX crypto exchanges five days ago. The tokens include various stablecoins, the governance token of the Abracadabra DeFi platform Spell ( SPELL ) and the utility token of the Brave browser Basic Attention Token ( BAT ).
Read More: https://dailyhodl.com/2023/11/15/bankrupt-crypto-lender-celsius-moves-over-10000000-worth-of-ethereum-eth-to-exchange-on-chain-data/
An address associated with failed crypto lending platform Celsius has moved millions of dollars worth of Ethereum ( ETH ) to an exchange, according to on-chain data.
Citing data obtained from blockchain explorer Etherscan, on-chain data tracker Lookonchain says that Celsius moved 5,160 ETH worth approximately $10.49 million to institutional crypto trading platform FalconX.
According to Lookonchain, Celsius, which filed for bankruptcy in July of 2022, possibly “wants to sell some assets with the rising prices.”
Ethereum is trading at $2,033 at time of writing, up by nearly 80% year-to-date.
In the first half of the year, Celsius also moved 428,000 staked Ether ( STETH ), worth $780 million at the time, from the liquid staking solution Lido Finance.
Lookonchain further says that Celsius also moved various tokens to FalconX as well as Binance and OKX crypto exchanges five days ago. The tokens include various stablecoins, the governance token of the Abracadabra DeFi platform Spell ( SPELL ) and the utility token of the Brave browser Basic Attention Token ( BAT ).
Read More: https://dailyhodl.com/2023/11/15/bankrupt-crypto-lender-celsius-moves-over-10000000-worth-of-ethereum-eth-to-exchange-on-chain-data/
0
| 43,000 mlx | |
| 47 | |
| 0 |
0 comments