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According to analytics firm Santiment, whales have quietly sparked a 900% surge for embattled crypto assets

A leading analytics firm says whales have been accumulating the native token of an embattled crypto lending company over the past week and a half.
According to Santiment, large buyers have in the last 10 days CEL-Acquired tokens “in a big way”.

“Celsius and its price surge of +290% in 10 days came as traders flouted the token. But behind the scenes addresses of great sharks and whales were piling up in a big way.”
According to analytics firm Santiment, whales have quietly sparked a 900% surge for embattled crypto assets, Crypto Trading NewsSource: santimentfeed/Twitter
Celsius (CEL) native token hit a multi-year low of $0.15 on June 13, but surged to a recent high of $1.55 on June 21, up more than 933%.

The asset has since fallen almost 40% and is trading at $0.946756 at the time of writing.

Celsius announced a temporary halt to withdrawals on June 12, and CEL subsequently plunged more than 99% from its all-time high away.

The firm has not resumed withdrawals and suspended its routine ask-me-anything sessions with the public last week. US government regulators have launched investigations into Celsius’s activities.

Santiment also says that two factors are potentially bullish for Bitcoin (BTC) are.

“Bitcoin’s supply ratio remains low, at levels last observed in November 2018. This is a good signal for limited future sell-off risk. In the meantime, shoot this tether-Supply on exchanges continues to rise, indicating greater purchasing power.”
According to analytics firm Santiment, whales have quietly sparked a 900% surge for embattled crypto assets, Crypto Trading NewsSource: santimentfeed/Twitter
In addition, Santiment says whale activity around the synthetic asset issuer Synthetix (SNX) has risen in line with its price over the past two days.

“Synthetix is ​​up +97% since this time Saturday and we can clearly see the big surge in activity from the SNX whales showing their involvement. The 87th largest crypto asset after market capitalization usually has 3 transactions worth over $100,000 a day, and on Sunday it was 129.”
According to analytics firm Santiment, whales have quietly sparked a 900% surge for embattled crypto assets, Crypto Trading NewsSource: santimentfeed/Twitter
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