🥶 Celsius token hits 3-month high despite bankruptcy filing
Despite crypto lending platform Celsius running into financial troubles that resulted in the firm filing for bankruptcy, the lender’s underlying token CEL has surged to hit a three-month high. In particular, the token was trading at $2.07, a growth of over 24% within 24 hours. During the early trading hours of Tuesday, August 9, CEL temporarily reclaimed the $2 mark and has gained by over 175% since the firm filed for bankruptcy in mid-July, according to CoinMarketCap data. Furthermore, CEL has likely received support from social media-inspired short squeeze campaigns. In a coordinated Twitter activity, under the #CELShortSqueeze banner, the Celsius community has attempted to drive up CEL to force close short sellers’ positions. 🔗 Read more
Are we living in a simulation? 😂
Despite crypto lending platform Celsius running into financial troubles that resulted in the firm filing for bankruptcy, the lender’s underlying token CEL has surged to hit a three-month high. In particular, the token was trading at $2.07, a growth of over 24% within 24 hours. During the early trading hours of Tuesday, August 9, CEL temporarily reclaimed the $2 mark and has gained by over 175% since the firm filed for bankruptcy in mid-July, according to CoinMarketCap data. Furthermore, CEL has likely received support from social media-inspired short squeeze campaigns. In a coordinated Twitter activity, under the #CELShortSqueeze banner, the Celsius community has attempted to drive up CEL to force close short sellers’ positions. 🔗 Read more
Are we living in a simulation? 😂
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