Hacks, Scandals and Scams - 4. CEL token flows
Overview
Celsius Network listed a $1.19 billion deficit on its balance sheet in a bankruptcy court filing a day after the cryptocurrency lender filed for Chapter 11. Currently Celsius owns a large portion of the CEL tokens.
In this dashboard we wanna see some data about Celsius wallets behavior with CEL token at last 90 days
Analyze
- I used Flipside database and crosschain.address_labels to identify Celsius wallets then used ethereum.core.ez_token_transfers and
ethereum.core.ez_dex_swaps tables to get wallets with most CEL token transferred or swapped
- Then used ethereum.core.ez_dex_swaps table to get swaps volume of CEL token and also used ethereum.core.fact_hourly_token_prices to show CEL price over last 90 days
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Results and conclusion
- Between of top 200 wallets with most CEL swap or transfer there were just 6 wallets belongs to Celsius and their behavior were just transfer and not any swap
- There were some downtrend in CEL price and top spikes in CEL swaps volume at around 13 Jun that was because of liquidation alerts and fear in market that after Celsius repay their loans every things getting better and price goes up
- At last days Celsius wallets swapped some assets but there were no swaps for CEL token by them
Base of all charts and data its obvious still they didn’t try to sell their CEL tokens and prefer to save their platform