Time to cool off for Celsius (CEL)?
While most of the crypto market continues to tread water, a select few assets have already mustered a complete post-dump recovery - and then some.
No coin has had a better week than Alex Machinsky’s Celsius ($CEL), which is not only up +46.9% in the past 7 days (more than any other cryptocurrency) but has just reached a new all-time high of $0.55 earlier today.
And while the rally had been welcomed with open arms by most CEL holders:
...there’s been a fair few concerning signals appearing in CEL’s on-chain data over the past 24 hours.
Time to cool off a bit? Probably.
Unsurprisingly, Celsius’ on-chain transaction volume has just surged to a 40-day high 10,330,000 CEL (~$5,500,000 at the time of writing), signaling inflated network activity and high-paced movement of CEL tokens
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