Celsius (CEL) led the crypto gainers with massive surges over the past day. The altcoin gained jumped nearly 145% to hover at $1.30 during this writing.
Celsius’ 145% surge
The altcoin outshined the crypto market as the broad market displayed recoveries. Massive trading volumes and heightened whale activity added to CEL’s upside steam.
Celsius saw its trading volume jumping 1,300% within the past day to $10.35 million at press time.
The impressive daily performance has outpaced top digital assets like Bitcoin and Ethereum, with their 1.55% & 0.21% daily gains, respectively.
Community reacts to CEL’s surges
While 30-day inflows indicate an upside trajectory for Celsius, the remarkable 140% upswing within a day surprised many.
Some market players call CEL’s explosive uptrend as a pump-and-dump move. Moreover, massive sudden upswings in the crypto world encounter relentless plunges.
Further, it seems a single whale is behind CEL’s current moves, making the alt prone to immense fluctuations.
$CEL HOW A SINGLE WHALE MANUPALTING CELSIUS PRICE HOW HOPE HE DOES NOT SELL IT OR DUMP IT @CelsiusNetwork pic.twitter.com/xZDHbtFTpH
— CRYPTOGURU (@Cryptogurudubai) May 24, 2024
It remains crucial to witness whether Celsius will hold its current highs.
The post Celsius (CEL) price up 145% as sentiments improve on amplified whale actions appeared first on Invezz
