BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Whales Have Quietly Triggered a 900% Surge for Embattled Crypto Asset, According to Analytics Firm Santiment

Whales Have Quietly Triggered a 900% Surge for Embattled Crypto Asset, According to Analytics Firm Santiment
A leading analytics firm says whales are accumulating the native token of an embattled crypto lending firm over the past week and a half.
According to Santiment , large buyers have been accumulating CEL tokens “in a big way” in the last 10 days.

“Celsius and its +290% price surge in 10 days came as traders were disregarding the token. But behind the scenes, big shark and whale addresses were accumulating in a big way.”
Source: santimentfeed/Twitter
The native token of Celsius (CEL) hit a multi-year low of $0.15 on June 13th but rose to a recent high of $1.55 on June 21st, a more than 933% increase.
The asset has since dropped by nearly 40% and is trading for $0.946756 at time of writing.
Celsius announced a temporary halt on withdrawals on June 12, and CEL subsequently crashed by more than 99% from its all-time high.
The firm has not reinstated withdrawals and last week paused its routine ask-me-anything sessions with the public. State regulators across the US have opened investigations into Celsius’ operations.
Santiment also says two factors are potentially bullish for Bitcoin (BTC).
“The ratio of Bitcoin’s supply continues staying low, at levels last seen in November 2018. This is a good signal of limited future selloff risk. In the meantime, Tether supply continues skyrocketing on to exchanges, indicating greater buying power.”
Source: santimentfeed/Twitter
Additionally, Santiment says whale activity surrounding synthetic asset issuer Synthetix (SNX) has surged in tandem with its price over the last two days.
“Synthetix is up +97% since this time on Saturday, and we can clearly see the major surge in SNX whales activity, showing their involvement. The 87th largest crypto asset by market cap typically has 3 $100,000+ transactions a day, and Sunday had 129.”
Source: santimentfeed/Twitter
Check Price Action

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter , Facebook and Telegram

Surf The Daily Hodl Mix

 
Check Latest News Headlines



 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.



Featured Image: Shutterstock/Liu zishan/AlexRoz
The post Whales Have Quietly Triggered a 900% Surge for Embattled Crypto Asset, According to Analytics Firm Santiment appeared first on The Daily Hodl .

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Read the full Article:  ⭲ Whales Have Quietly Triggered a 900% Surge for Embattled Crypto Asset, According to Analytics Firm Santiment


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News



SneakPeek Script
Setup, Upload and Go!