Celsius (CEL) Price Skyrocketed 132%

24 May

Celsius (CCEL) has seen a significant increase in price, jumping 135% in the last 24 hours, with daily trading volume above 872%. This surge is attributed to increased bullish sentiments and whale activities. The crypto market has seen slight recovery figures after inter-day trading saw top coins lose steam. Celsius's bullish momentum has sparked a frenzy around crypto spaces, with some calling it a pump-and-dump-styled rise. The token has risen by over 132% in the last 24 hours, driven by factors such as over-the-top trading volumes, whale activity, and a general market recovery.

Daily trading volumes are at $85.4 million, an 872% jump in the market. This activity outpaces the top coins, with Bitcoin (BTC) and Ethereum (ETH) posting day trading volumes of 5.78% and 9.2%, respectively. The wider crypto market is up 7.52%. Bullish on-chain activities remain a driving factor for major coins as the community rallies around the tokens.

CCEL trades at $1.27, pushing weekly gains to 87% and 30-day trading to a 692% gain. Whale sentiment spurred growth in Celsius, and the general bullish market sentiment also drew investors to Celsius. Bitcoin trades at $68,913, recovering 2.3% today, with other assets posting similar figures.