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Ethereum Holdings Shifted by Celsius to Exchange, ETH Price Dips 4 Percent

CoinGape LogoCoinGape1 mo ago

 Ethereum Holdings Shifted by Celsius to Exchange, ETH Price Dips 4 Percent - CoinGape

Quick Summary:

Bankrupt crypto lender Celsius Networks has been moving a very large number of its Ethereum holdings to exchanges in recent days.

This unstaking of ETH and moving it to exchanges comes as part of its recovery plans amid the ongoing bankruptcy process.

The combined holdings in these staking wallets total 557,081 ETH, valuing approximately $1.3 billion.


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 Ethereum Holdings Shifted by Celsius to Exchange, ETH Price Dips 4 Percent - CoinGape (Picture 1) Ethereum Holdings Shifted by Celsius to Exchange, ETH Price Dips 4 Percent - CoinGape (Picture 2)

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-01-23 @ 12:49:53 (1 months ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 381 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 19841884

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 45 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 5 seconds ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

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The story " Ethereum Holdings Shifted by Celsius to Exchange, ETH Price Dips 4 Percent" has 381 words across 30 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story " Ethereum Holdings Shifted by Celsius to Exchange, ETH Price Dips 4 Percent" was covered 1 months ago by CoinGape, a news publisher based in India.

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CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 45 news stories per day.

It's most recent story was published 5 seconds ago.

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  • News ID: #19841884
  • URL: https://beamstart.com/news/celsius-moves-massive-ethereum-holdings-1705985393

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