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.

CEL, price, last 30 days (Source: Sanbase)

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

There’s more of this Insight

Choose your subscription plan

Sanbase PRO
Unlock all PRO insights
$49/mo

Years of market experience, compressed in each report

Since 2017, Santiment has been an industry leader in on-chain data, social intelligence and behavior-based analysis of the crypto market.

Our tools have a proven track record of timing price tops for cryptocurrencies, helping traders find profitable exit points and mitigate HODLing risk.

Our previous TOP calls:
insight card
signal form

What you get with Sanbase Pro:

  • Members-only daily market insights and analysis
  • 30+ on-chain, social & project indicators for 900 cryptocurrencies
  • Custom alerts for the coins' price, on-chain & social trends
  • Santiment Spreadsheet plugin with 10+ pre-made market templates
  • Personalized asset watchlists and weekly performance reports

Gain unfair advantage with Sanbase Pro

Subscribe to Sanbase Pro for access to exclusive insights, market-beating metrics, strategies and templates!