Large CELT Deposits Traced to Token Deployers

02/28/2023 06:06 • Digital Disruptors • 96 views

On February 28, the Web3 knowledge map protocol 0xscope tweeted that through the analysis of CELT’s OKX deposits, it was found that 517 million CELTs were deposited in five EOA (external account) addresses on February 26 (the day before the large-scale sale) (the peak value on February 27 was $2.6 million). These addresses are funded by CELT token deployers.

Data: 517 million CELTs were deposited by five addresses to OKX on February 26

Analysis based on this information:

The message reveals that on February 28th, 0xscope, a knowledge map protocol, tweeted about the analysis of CELT’s OKX deposits. It was discovered that five external account addresses received 517 million CELT tokens on February 26th, a day before the large-scale sale. The peak value of these tokens on February 27th was worth $2.6 million. It is hypothesized that these addresses are funded by CELT token deployers.

CELT, also known as Crypto Energy Land Token, is a blockchain project aimed at delivering clean, sustainable energy solutions worldwide. The project claims to leverage the power of blockchain technology to transform the energy industry by increasing transparency, reducing costs, and promoting sustainable development.

The large deposits of CELT tokens suggest that something significant was about to occur in the project or market. Deposits of this size are unusual, and they may indicate that token deployers or insiders were attempting to influence the market by creating a hype around the project. It is known that token deposits of this magnitude can significantly impact the token price, and it is likely that this was the intention behind the deposit.

The fact that these deposits came from external accounts suggests that they were not made by retail investors. It is possible that CELT’s token deployers are seeking to build momentum for the project by generating interest from large investors or exchanges. Large-scale token deposits often attract the attention of market participants, and it is likely that the CELT project was trying to capitalize on this.

In conclusion, the message offers insight into the movements of CELT tokens in recent times, specifically the large deposits preceding a large-scale sale. While it is difficult to determine the intentions behind the deposits, it is evident that they represent a significant development in the market. The CELT project is worth keeping an eye on, particularly as it seeks to advance its agenda of a sustainable energy industry through blockchain technology.

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Large CELT Deposits Traced to Token Deployers

Data: 517 million CELTs were deposited by five addresses to OKX on February 26

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