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Celsius Transfers Over $21 Million in Cryptocurrency in the Past 7 Hours

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It is reported that according to PeckShield monitoring data, in the past 7 hours, the address marked as Celsius has transferred the cryptocurrency with a value…

Celsius Transfers Over $21 Million in Cryptocurrency in the Past 7 Hours

It is reported that according to PeckShield monitoring data, in the past 7 hours, the address marked as Celsius has transferred the cryptocurrency with a value of about 21.36 million US dollars to the address beginning with “0x7943”, including 5365 ETHs (about 8.75 million US dollars), 12 million US dollars in stable currency (10.4 million US dollars), 731000 US dollars, 625000 GUSD, 132000 DAIs, 59000 BUSDs, 33000 US dollars and 2500 TUSD), and 13 million CELs (about 615000 US dollars).

Celsius transferred cryptocurrency worth more than US $20 million to the address beginning with “0x7943”

Interpretation of the news:


The cryptocurrency world has been buzzing lately with reports of Celsius transferring over $21 million worth of cryptocurrency, including ETHs, stable currency, GUSD, DAIs, BUSDs, TUSD, and CELs in the past seven hours. According to PeckShield monitoring data, the transfer was made to an address starting with “0x7943,” and the transfer included 5365 ETHs, equivalent to about $8.75 million, stable currency worth $12 million, $731,000, $625,000 GUSD, 132,000 DAIs, 59,000 BUSDs, $33,000, and $2500 TUSD, and 13 million CELs.

This news has raised a lot of questions in the cryptocurrency community, and many people are speculating about the reason behind the transfer. Some believe that it is a large-scale movement of funds orchestrated by Celsius, while others think that it could be a market manipulation scheme by a group of traders. However, no official statement has been released by Celsius at the moment indicating the reason behind the transfer.

Celsius is a peer-to-peer lending platform that allows users to earn interest on their cryptocurrency holdings. The platform enables users to borrow and lend cryptocurrency, as well as buy and sell cryptocurrencies. The platform’s native token, CEL, has been performing well in the cryptocurrency market, ranking among the top 100 cryptocurrencies in terms of market capitalization.

The transfer of over $21 million worth of cryptocurrency by Celsius has caused a stir in the cryptocurrency market, with prices of some cryptocurrencies being affected. Traders are watching the market closely to see the impact of this massive transfer on the market.

In conclusion, Celsius’ transfer of over $21 million worth of cryptocurrencies has sparked intense speculation in the cryptocurrency community, with many wondering about the motivation behind the transfer. This report highlights the need for clarity and transparency in the cryptocurrency market. Regulators can also play an essential role in preventing market manipulation and ensuring fair trading practices.

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