Celsius Network recently completed a substantial financial transaction, transferring 8,091 Ethereum tokens to Coinbase. Valued at approximately $24.5 million, this transfer occurred with Ethereum, priced at $3,022 per token. It represents the largest deposit made by the cryptocurrency lending platform to the exchange in the past three months. This move is part of Celsius Network‘s broader strategy to manage its assets actively during a critical phase of recovery.
Earlier transactions also underscore the platform’s intensive activity. From November 13, 2023, to January 31, 2024, Celsius moved an enormous total of 847,626 ETH, which translates to roughly $1.90 billion, to various centralized exchanges. These were primarily for over-the-counter (OTC) deals, a strategy often used to minimize market impact during large sales.
Celsius Announces Major Post-Bankruptcy Strategy
Celsius Network’s efforts to stabilize its financial status come after a tumultuous period. In February, the com
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