What is Celsius Network?

Celsius Network (CEL) hit the spotlight yesterday for all the wrong reasons as it crashed 70% in the indices. The fall sent jitters in the crypto sphere that the Celsius token could be the next Luna and collapse to $0. CEL’s fall came at a time when Bitcoin slipped below the $25,000 mark for the first time since December 2020. The entire crypto market was a sea of blood indicating that the worst is yet to come.

Celsius Network also paused withdrawals to “stabilize liquidity” and limit the damage that’s hammering the token. However, the ‘pausing’ of withdrawals came with its own share of scrutiny as investors alleged that the network had moved its liquidity to the FTX exchange two hours prior to announcing that they were pausing withdrawals. Read here to know more about the accusations pinned against the top-level management of Celsius Network.

Celsius Network is one of the largest ‘centralized’ gateways to crypto. It had previously raised a staggering $864 million through venture capital and was poised to take over the crypto sphere. The network had custodied over $3 billion worth of funds via cryptocurrencies for its whopping 1.7 million and growing user base.

For the uninitiated, Celsius is a ‘do it all’ fintech app that allows users easy and trusted services on cryptos. The fintech app allows trading cryptocurrencies, delivers high-yield deposits on users’ stablecoins and cryptos, and also has a feature of crypto-backed lending.

The network also has its own native token CEL and the whitepaper is available in its website. CEL token is lucrative to trade as it offers rewards, discounts and points for using the Celsius services.

source whatcher news.

Q 1.

Which tokens did they swap the most?

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Q 2.

From which one of their wallets did they conduct most of the swaps?

As can be seen, the largest volume of swap in sushi swap is related to the swap of LDO to WETH

As can be seen, the largest volume of swap TOKEN IN sushi swap is related to the LDO token

As can be seen, the largest volume of swap TOKEN OUT sushi swap is related to the WETH token

As can be seen, the largest volume of swap in uniswap is related to the UNI of LDO to WETH

As can be seen, the largest volume of swap TOKEN IN uni swap is related to the WETH token

As can be seen, the largest volume of swap TOKEN OUT uni swap is related to the WETH token

conclusion :

As you can see, most of the addresses that have been swap in Sushi Swap are different from Uni Swap.

Also, out of 81 addresses that I got, only 18 addresses in Sushi Swap and 8 addresses in Uni Swap have done swap .

And in total they have done only 20 wallet swap .

Almost all wallets that have done swaps have used both platforms.

thank you.

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