Celsius Network destroyed CEL tokens worth approximately $83.2 million
According to Golden Finance, Celsius Network has destroyed most of its holdings of CEL (which account for the majority of the token supply). Etherscan shows that the company destroyed it by sending 6.522 billion CEL to a burn address. The amount destroyed accounts for 94% of the previous total supply, with a total of 692.8 million CEL remaining. Based on current market prices, this is valued at approximately $83.2 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CME: All markets remain suspended except for the BrokerTec EU market
A major whale switched from short to long on BTC, with a position valued at $91 million.
Japan Post Bank, Shinoken, and DeCurret DCP pilot tokenized deposit payments for real estate transactions
Data: US crypto-related stocks mostly rise in pre-market trading, Bitmine up 3.79%