- Data tracker Lookonchain noted many transfers from Celsius to FalconX and other exchanges, with one worth $10.6 million.
- Lookonchain suggested that the bankrupt crypto lender might want to sell its crypto assets as prices increase.
- Celsius last week secured U.S. Court approval to transition into crypto mining.
A recent report from data tracker Lookonchain suggested bankrupt crypto lender Celsius might be looking to take advantage of rising cryptocurrency prices.
Notably, Lookonchain, in a tweet on X, mentioned several transactions from a wallet address associated with Celsius. Per the tweet, the data tracker noted Celsius transferred 5,160 ETH, worth around $10.6 million at current market prices, to crypto trading platform FalconX.
We noticed that #Celsius transferred 5,160 $ETH ($10.63M) to #FalconX.And #Celsius also transferred a lot of tokens to exchanges and #FalconX 5 days ago.
It seems that #Celsius wants to sell some assets with the rising prices.https://t.co/3gGOucC9gY pic.twitter.com/ILhpK0qLJy
— Lookonchain (@lookonchain) November 14, 2023
According to Lookonchain, the recent transaction follows several transactions from the crypto lender …
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