Celsius Network’s Ethereum Selling Raises Concerns

Is Celsius’ Ethereum Dumping Spree Cause for Concern?

Since gaining approval for its restructuring plans in November 2023, Celsius, a bankrupt crypto lender, has continued to deposit significant amounts of Ethereum (ETH) to various exchanges. This ongoing dumping spree has led to concerns among market participants about potential sell-offs and the impact it may have on the market.