Celsius Wallet Transfers $36M into Coinbase and FalconX Platforms – What’s Going On?

cryptonews.com:

On-chain analytics blockchain platform Lookonchain has identified a Celsius wallet making transfers to crypto exchanges.

Sharing the information on X (formerly Twitter), Lookonchain highlighted that the defunct crypto lending protocol’s wallet deposited 13,000 Ether tokens – equivalent to $30.34 million in fiat currency – to the Coinbase trading platform.

Additionally, another 2,200 Ethereum tokens, valued at $5.13 million, were sent to the FalconX exchange. All these transactions occurred within a 10-hour timeframe, indicating increased activity from the defunct decentralized finance (DeFi) lending network.

The #Celsius wallet deposited 13K $ETH($30.34M) to #Coinbase and 2,200 $ETH($5.13M) to #FalconX again in the past 10 hours.

Currently, 2 staking wallets of #Celsius still hold 557,081 $ETH($1.3B).

Address:https://t.co/3gGOucC9gYhttps://t.co/zodN4gzVHKhttps://t.co/Jjt9fCN2Ej pic.twitter.com/E9DIZ9KDAH

— Lookonchain (@lookonchain) January 23, 2024

The Lookonchain post also revealed that two other Celsius-staking crypto wallets collectively hold 557,081 Ether tokens, amounting to an impressive $1.3 billion.

Prior to this deposit, the Celsius Wallet transferred 18,000 Ether tokens, worth $40 million, to the Coinbase exchange 12 hours earlier.

Since initiating payouts on November 13, 2023, Celsius has deposited a whopping 280,670 Ether tokens, totaling $621 million, across Coinbase, OKX, and FalconX centralized trading platforms, according to Lookonchain.

The #Celsius wallet deposited 18K $ETH($40M) to #Coinbase again 12 hours ago.#Celsius has deposited a total of $280,760 $ETH($621M) to #Coinbase, #FalconX, and #OKX since Nov 13.

And #Celsius currently holds 540,029 $ETH($1.2B).https://t.co/3gGOucC9gY pic.twitter.com/cNxa0Wgd73

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